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UK Introduces New Trading Rules for Developing Countries
UK Introduces New Trading Rules for Developing Countries
By Michael Mike
The United Kingdom (UK) said it has radically simplified trading rules and cut tariffs on products from developing countries, saving businesses and consumers millions of pounds a year.
A statement on signed by the
Senior Press & Public Affairs Officer | Comms Lead, Prosperity and Economic Development, Ndidiamaka Eze said the
UK’s new post-Brexit Developing Countries Trading Scheme (DCTS) scheme has entered into force on Monday and that it covers 65 countries, including Nigeria.
The statement said the scheme removes or reduces tariffs and simplifies trading rules so that more products qualify for the scheme, making it more generous than the EU scheme the UK was previously a member of.
Eze, in the statement, said: “The scheme will benefit developing countries looking to diversify and increase exports, driving their prosperity and creating jobs. Over time, were developing countries to increase trade with the UK under the scheme, businesses could save millions more on import costs.
“In Nigeria, over 99% of goods exported from the country will automatically be eligible for duty-free access to the UK. Nigeria will receive enhanced preferential
access for almost 3,000 products. E.g. 4.5% removed on cocoa paste, 26.5% removed on fruit juices, & 14% removed on prepared tomatoes.”
Eze disclosed that the UK’s Minister for International Trade Nigel Huddleston launched the scheme while on a visit to Ethiopia’s largest industrial business park, Bole Lemi.
Speaking at the park, Minister Huddleston, was quoted to have said:
“This DCTS scheme is a brilliant example of the UK taking advantage of its status as an independent trading nation and I am excited to see it implemented
today.
“It will create opportunities for businesses around the world, supporting livelihoods, creating jobs and diversifying local and international supply chains. It will also benefit UK businesses and consumers by lowering import costs on a whole range of products.”
The Foreign, Commonwealth and Development Office’s Minister for Development and Africa, Andrew Mitchell, was also quoted to have said that: “The UK’s new trading scheme for 65 developing countries, DCTS, shows how we can use trade to deliver development.
“It will benefit traders around the world, including women-owned businesses, which we are supporting through the UK Trade Partnership programme.”
The scheme is to benefit businesses all over the world and British companies that trade with these countries in everyday products such as bicycles and camping
gear.
Speaking on the launch, UK Deputy British High Commissioner in Lagos, Ben Llewellyn-Jones said:“Nigeria is one of the UK’s most important partners in Africa and the UK Government is committed to working with Nigerian businesses and exporters to boost trade between our two great nations. The UK’s Developing Countries Trading Scheme harnesses the power of trade to help Nigeria and other emerging economies grow and prosper.
“One major benefit of this new UK trading scheme is that it abolishes tariffs on over 3000 everyday products that Nigeria currently exports including cocoa, cotton, plantain, flowers, fertilizers, tomatoes, frozen shrimps and sesame. The overarching aim of the new scheme is to grow trade with developing countries, boosting the economy and supporting jobs in those countries, as well as in ours.”
UK Introduces New Trading Rules for Developing Countries
News
Tax Reform Bills, Southern Borno Concerned Citizens Stands With Senator Ndume
Tax Reform Bills, Southern Borno Concerned Citizens Stands With Senator Ndume
By: Balami Lazarus
The Southern Borno Concerned Citizens has made her position clearl on the tax reform bills.
In a press release issued recently to newsmen in Maiduguri signed by her National Chairman/ Spokenman Comrade Bulama Ali Haruna Sawa said that the organization is standing firm with Senator Ali Ndume on tax reform bills.
“In reality Senator Ndume stands has only bolstered our support for his commitment to our welfare.” It further said that government should consider tax relief for the suffering masses “this is a time when our government should be considering tax relief , as seen in neighbouring countries.”
The organization disputed the fallacies of one Adamu Bashir of the so called “Northern Redemptions Colliations” regarding the position of Senator Ali Ndume, on the tax reform bills submitted by President Bola Ahmed Tinubu to the National Assembly.
“We feel compelled to counter the fallacies in Bashir’s recent response to Senator Ndume interview on channels TV. “
Finally, the statement said that they strongly affirm that the people of Southern Borno are satisfied with Senator Ndume’s representation and stand with him.
Tax Reform Bills, Southern Borno Concerned Citizens Stands With Senator Ndume
News
VP Shettima Demands More Community-Oriented Leadership, Legacy-Building
VP Shettima Demands More Community-Oriented Leadership, Legacy-Building
*** Commissions Mosque in Ogbomoso, warns against selfishness
By: Our Reporter
Vice President Kashim Shettima has called on Nigerians, especially leaders, to exemplify true leadership by prioritizing community service and legacy-building over personal gain.
He urged Nigerians to prioritise spiritual obligations and community service over personal interests in an era where people are becoming more individualistic and giving less premium to God.
Speaking on Friday during the inauguration of the Ibapon Central Mosque in Ogbomoso, Oyo State, the Vice President expressed worry about the shifting societal values in contemporary Nigeria.
“Today, the world is unfortunately marked by a mindset that values self-interest over selflessness, and many see giving back or even engaging in spiritual obligations as burdens or distractions,” VP Shettima said.
According to him, the Mosque, a multi-million naira project built by Senator Abdulfatai Omotayo Buhari representing Oyo North Senatorial District, is a “gift for generations” that stands in stark contrast to prevailing materialistic trends.
“Every second of our lives is a reminder of our impermanence, and the brevity of life underscores the urgency of filling our days with deeds that matter in the hereafter,” the VP added.
VP Shettima lauded the project, describing it as an example of Sadaqah Jariyah (continuous charity), noting that such initiatives represent the kind of legacy-building that society desperately needs.
“This is a legacy, a bridge between this world and the next, grounded in kindness and devotion,” he stated.
In a pointed message to political leaders and wealthy Nigerians, Shettima questioned the lasting impact of material accumulation: “We must ask ourselves—what remains when this race ends? In the end, all that endures are the records of our selfless deeds, our adherence to our faith, and our acts of charity.”
The new religious edifice is expected to serve as a major spiritual centre for Muslims in Ogbomoso and surrounding communities, with the Vice President expressing hope that it will “be a source of spiritual strength and inspiration for this community and beyond.”
Earlier, Deputy President of the Senate, Senator Barau Jibrin, also eulogised Senator Buhari, saying the Mosque project was not just a service to the Muslim Ummah but to humanity at large.
“My prayer is that God reward you with Al-Jannatul Firdaus. You are an epitome of good character and someone who is always at the forefront of service to this country and humanity at large,” he said.
On his part, Oyo State Deputy Governor, Barr. Abdul-Raheem Adebayo Lawal, said the immediate family of Senator Buhari would be proud to have someone who makes them very proud all the time.
“On behalf of the Governor of Oyo State, we appreciate the Vice President for coming to our state,” he said.
He said the Mosque project is not just a physical building but a spiritual exercise in which the reward extends beyond one’s earthly life.
“It is also a means of spiritual purification and unity, fostering the unity of Nigeria because whenever we worship, we call for the unity and peace of Nigeria,” he added.
Responding, Senator Buhari said it was indeed an honour and a dream come true for him to have completed the Mosque project.
He specifically thanked the Vice President, the governors of Oyo and Kwara States, members of the National Assembly, and community members who contributed to the success of the worship centre.
There was also a welcome address by the Aare Musulumi of Ogbomosoland and the turbaning of two Imams for the newly commissioned Mosque.
Other officials at the event included the Governor of Kwara State, Alhaji AbdulRahman AbdulRazaq; the Soun of Ogbomoso Land, Oba Afolabi Ghandi Olaoye, state government officials and traditional rulers.
VP Shettima Demands More Community-Oriented Leadership, Legacy-Building
News
NIGERIAN ARMY RESOURCE CENTRE CONCLUDES LEADERSHIP AND STRATEGIC MANAGEMENT COURSE FOR SECURITY AND MILITARY OFFICERS
NIGERIAN ARMY RESOURCE CENTRE CONCLUDES LEADERSHIP AND STRATEGIC MANAGEMENT COURSE FOR SECURITY AND MILITARY OFFICERS
By: Our Reporter
The Nigerian Army Resource Centre (NARC) concluded the fifth and final session of its Executive Leadership and Strategic Management Course. This intensive program, spanning from 23 September to 8 November, trained senior and mid-level officers from the Economic and Financial Crimes Commission (EFCC), the Nigerian military, and other security agencies. The course, organised by NARC in collaboration with the EFCC, aligns with NARC’s vision to be a leading think tank focused on research, knowledge advancement, and sustainable development solutions.
The graduation ceremony was graced by Major General Garba Ayodeji Wahab (Rtd), Director General of NARC, and the EFCC Secretary, Mr. Mohammad Hassan Hamman-Joda, representing the EFCC Chairman, Executive Director Consult, Major General AS Ndalolo, management staff of NARC, and consultants. Highlights included the presentation of certificates to the course participants, souvenir presentations to dignitaries and resource persons, and the decoration of key NARC figures with the EFCC Crest as Ambassadors for Anti-Corruption. The event took place at Hall F, ML Agwai Block, NARC.
NIGERIAN ARMY RESOURCE CENTRE CONCLUDES LEADERSHIP AND STRATEGIC MANAGEMENT COURSE FOR SECURITY AND MILITARY OFFICERS
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