By Atoyebi Nike
The United Kingdom has approved duty-free or reduced-tariff access for over 3,000 Nigerian products, including cocoa, cashew, and textiles, under its Developing Countries Trading Scheme (DCTS).
The DCTS, introduced in 2023, aims to simplify trade and reduce tariffs for over 60 developing countries. Nigeria is a major beneficiary.
Mark Smithson, UK Department for Business and Trade Country Director, announced the update in a video shared by the UK in Nigeria, calling the scheme “one of the most generous in the world.”
“Up to 3,000 Nigerian products now qualify for low or zero tariffs. The UK is open for business with Nigeria,” Smithson said, urging exporters to take advantage of the opportunity.
The move is expected to boost Nigeria’s non-oil exports, enhance global competitiveness, and strengthen bilateral trade with the UK.
For more details, exporters are encouraged to visit the DCTS website.
