*The United Kingdom and Nigeria launch the UK-Nigeria Economic Diversification Dialogue, following the recent Developing Countries Trading Scheme roadshows to raise awareness of scheme in Kano and Lagos states

Isola Moses | 绿帽献妻

The United Kingdom (UK) and Nigeria Thursday, October 30, 2025, launched the UK-Nigeria Economic Diversification Dialogue, a strategic follow-up to the recently concluded Developing Countries Trading Scheme (DCTS) Roadshows in Kano and Lagos states.

Convened under the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), the event brought together senior government officials, trade experts, and private sector leaders from both nations.

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The discussions focused on unlocking Nigeria鈥檚 non-oil sectors: agriculture, manufacturing, and digital services; with the UK offering support through trade facilitation, investment promotion, and capacity building initiatives.

Opening the event, British Deputy High Commissioner Mr. Jonny Baxter reaffirmed the UK鈥檚 commitment to deepening bilateral trade relations, which was valued at 拢7.9 billion in the 12 months ending March 2025.

He reaffirmed the UK鈥檚 commitment to supporting Nigerian exporters through the Developing Countries Trading Scheme (DCTS), which provides generous tariff reductions and simplified trade rules.

Under the DCTS, over 3,000 Nigerian products stand to benefit from enhanced market access.

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These include produce, such as ginger, cocoa, sesame seeds, cashew nuts, soya beans, and textiles, among others.

Ndidiamaka Eze, Senior Press and Public Affairs Officer at FCDO and British Deputy High Commission, in Lagos, Thursday, October 30, in a statement noted Baxter further said: 鈥淭oday鈥檚 dialogue marks a significant milestone in the UK-Nigeria partnership.

“It reflects our shared commitment to driving inclusive, sustainable economic growth through strategic exports diversification.

“By working together, government to government and with the private sector through our market development programmes like Propcom+, we are unlocking new opportunities for trade, investment, and innovation across key sectors.

鈥淭he UK remains a steadfast partner in supporting Nigeria鈥檚 ambition to stimulate economic growth. “Through initiatives such as the Developing Countries Trade Scheme (DCTS) and our joint efforts with the Federal Ministry of Industry Trade and Investment (FMITI), on standards and export readiness, we are laying the foundation for long-term prosperity that benefits both our nations.鈥�

Also speaking at the event, Director of Trade and Investment, representing Ambassador Abba Nura Rimi, Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Mrs Orji Gertrude said

鈥淭his DCTS initiative comes at a critical time when Nigeria is intensifying efforts to diversify its export base beyond oil and strengthen its participation in global value chains.

“However, to fully harness these benefits, stakeholders must have a clear understanding of the rules of origin, documentation requirements, product standards, and trade facilitation measures under the scheme.

“Through partnerships like this with the UK鈥檚 Department for Business and Trade (DBT), we aim to reduce barriers to trade, improve competitiveness, and ensure that Nigerian products meet international market standards.鈥�

Looking ahead, the British Deputy High Commission said both countries reaffirmed their shared commitment to building resilient, diversified economies.

The dialogue concluded with a call to action for continued collaboration, knowledge exchange, and policy innovation to drive future trade and investment between both our countries.