The United Kingdom has confirmed that Nigeria will continue to enjoy duty-free access on 99% of total goods exported to the UK market under the Developing Countries Trading Scheme (DCTS).
The DCTS is part of the UK’s strategy to support growing economies like Nigeria by reducing tariffs on thousands of goods, simplifying export rules for Nigerian businesses and making it easier to qualify for trade benefits.
The scheme lowers import cost for UK businesses and offers consumers a wider range of affordable products.
Through the DCTS, Nigerian exporters can sell key goods like cocoa, yam, tomatoes, plantain, shrimp, and other agricultural products to the UK at reduced tariffs.
South Africa declares national disaster after deadly storms
Commenting on the DCTS via a statement on Friday, June 20, 2025, the British High Commissioner to Nigeria, Dr Richard Montgomery, said: “As one of the UK’s most important partners in Africa, Nigeria stands at the heart of the UK’s global trade ambitions, and we want to strengthen the trade ties between our two great nations and unlock the power of sustainable and transformative growth in Nigeria and across emerging economies.
“A major advantage of the UK’s developing countries trading scheme is the reduction or complete elimination of duty-tariffs on everyday goods such as cashew nuts, cocoa, cotton, plantain, tomatoes, prawns, and sesame.
“This isn’t just about improved access into the UK market, it’s about building a fairer, freer global trading system that supports economic growth and job creation, both in developing countries and in the UK.
“Through the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP) we are continuing to work alongside the Federal Ministry of Industry, Trade and Investment (FMITI) to tackle export challenges and ensure the DCTS is fully leveraged by Nigerian businesses to improve trade growth between our two countries.”
Popular Nigerian content creator and skit maker, Jubril Oladapo Gbadamosi, popularly known as Officer Woos,…
A newly married pregnant woman has sparked reactions on social media after revealing that her…
Yoruba nation agitator and youth leader, Sunday Adeyemo, has issued a two-hour ultimatum to Fulani…
By TUNDE RAHMAN Twenty-seven years into unbroken democracy, Nigeria’s federal structure remains our best tool…
Troops of the 1 Brigade have arrested a suspected terrorist at the Government Science Secondary…
The Nigerian Air Force (NAF) has carried out a precision airstrike against suspected terrorist elements…
This website uses cookies.