In a move to strengthen trade relations with Nigeria, the United Kingdom has approved duty-free or reduced tariff access for more than 3,000 Nigerian goods, including agricultural exports like cocoa and cashew.
This development falls under the UK’s Developing Countries Trading Scheme (DCTS), which aims to support economic growth in over 60 lower-income nations.
Mark Smithson, the UK Department for Business and Trade’s Country Director, made the announcement in a video message shared by the British High Commission in Nigeria.
“Nigerian exporters can now benefit from easier access to the UK market through this scheme, which is one of the most generous globally,” Smithson said.
He explained that the new policy simplifies export processes for a wide range of Nigerian products, making it easier for local businesses to enter the British market.
“The UK is open for business and ready to trade with Nigeria,” he added, encouraging entrepreneurs and exporters to explore the scheme through its official platform.
Introduced in 2023, the DCTS replaced the UK’s previous Generalised Scheme of Preferences and offers improved market entry conditions to eligible countries.