Connect with us

News

UK Reaffirms Commitment to Nigeria with 99% Duty-Free Access Under DCTS

Published

on

UK Reaffirms Commitment to Nigeria with 99% Duty-Free Access Under DCTS

By: Michael Mike

The United Kingdom (UK) 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.

Since its launch in June 2023, the Developing Countries Trading Scheme allows Nigeria and 36 other African countries to export over 3,000 products duty-free or at reduced tariffs to the UK, supporting Nigerian businesses to grow and become more competitive on the global stage.

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. The scheme also supports processed and value-added products like cocoa paste and cocoa butter, sesame and Palm oil, cashew nuts, cotton clothing, and cocoa paste, helping Nigeria move beyond raw materials exports.

Commenting on the DCTS, 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.”

Speaking further, Dr Montgomery added: “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.”
This trade framework is part of a wider UK effort to build strong economic ties across the world, with recent trade agreements also signed with major economies like India and the United States.

UK Reaffirms Commitment to Nigeria with 99% Duty-Free Access Under DCTS

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Hunter kills one, injures two in accidental shooting in Katsina

Published

on

Hunter kills one, injures two in accidental shooting in Katsina

By: Zagazola Makama

The Police Command in Katsina State says it has arrested a 25-year-old hunter, Bashir Bala, for allegedly shooting three civilians, leading to the death of one person in Malumfashi Local Government Area of the state.

Zagazola gathered that the incident occurred on Thursday at about 4:10 p.m. when Bala, a member of a hunters’ group attached to the security personnel in Malumfashi, visited a known blackspot at Marabar Kankara to purchase cannabis.

According to the report, an argument ensued during which Bala discharged his rifle, striking three civilians.

“One civilian was confirmed dead at the scene while two others sustained gunshot injuries. The injured victims were rushed to the General Hospital for medical attention while the deceased’s body was released to his family after medical certification.

“A joint team comprising Police, the Nigerian Army and vigilantes responded to the scene, and the suspect has been apprehended. Security measures within the area of responsibility have also been reinforced,” the sources said.

Hunter kills one, injures two in accidental shooting in Katsina

Continue Reading

News

Troops of Operation FANSAN YANMA neutralise seven bandits in Katsina

Published

on

Troops of Operation FANSAN YANMA neutralise seven bandits in Katsina

By: Zagazola Makama

Troops of Operation FANSAN YANMA have neutralised seven armed bandits and recovered four motorcycles during a decisive operation in Baba, Kankara Local Government Area of Katsina State.

The encounter, which lasted for over two hours on Thursday, followed credible intelligence on the movement of criminal elements terrorising farming communities in the area. Security sources said the troops engaged the bandits, killing seven while the remaining suspects fled with gunshot injuries.

Four motorcycles used in their criminal activities were recovered during the operation.

The military operation is part of ongoing efforts across frontline local government areas to dismantle criminal hideouts and ensure the safety of residents, especially farming communities during the rainy season.

Residents were urged to continue providing timely information to security agencies to support ongoing operations and help restore peace across the North West.

Troops of Operation FANSAN YANMA neutralise seven bandits in Katsina

Continue Reading

News

Yobe records progress under Governor Buni—Hon. Usman Gimba

Published

on

Yobe records progress under Governor Buni—Hon. Usman Gimba

By: Yahaya Wakili

Yobe State, under His Excellency Governor, Hon. Dr. Mai Mala Buni CON, COMN, Chiroman Gujba, has recorded measurable progress in various sectors, viz., education, health, agriculture, and other social and economic empowerment initiatives in the state.

This was revealed by the Senior Special Assistant to His Excellency Dr. Mai Mala Buni CON COMN on youth and sports, Hon. Usman Gimba (Sarkin Adon Gubana), at the graduation ceremony of Shettiman Malamai School for Marriage Education in Potiskum.

He said under the governorship of my boss, His Excellency Mai Mala Buni CON, Yobe State is experiencing a giant transformation in the development of infrastructure, human capital, and agriculture.

According to Sarkin Adon Gubana, upon the inauguration of Governor Buni into office, he had set out to create an educated and a well-secured and empowered society with access to the education sector.

At the graduation ceremony, Hon. Gimba said, “What we need in the community is for all of us to be educated, including those who were in the school and those that are in the house, and this school consists of teaching those that are in the house.”

He maintained that the importance of sound and qualitative education to the growth and development of any human society needs not to be emphasized. Adding to that, the school consists of women, but wisely, we also need men; we need the education.

“Because this school is for marriage education only, but we men ourselves need it because we need to be educated on how we can handle our wives when we are married, he charged the students to make good use of what they learned from the school,” Sarkin Adon Gubana said.

The Senior Special Assistant on Youths and Sports thanks the CEO, Malam Abdurazak Abdullahi Usman, for making this gigantic initiative and calls on our leaders—traditional, politicians, and religious—to come out en masse to support the school to move forward.

Yobe records progress under Governor Buni—Hon. Usman Gimba

Continue Reading

Trending

Verified by MonsterInsights