Beyond Oil: Nigerian-British Trade Centre opens door to new Export opportunities

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In a bid to strengthen economic ties between Nigeria and the UK, the Nigerian-British Chamber of Commerce (NBCC) has unveiled a groundbreaking initiative with the launch of the Nigerian-British Trade Centre, a strategic hub designed to supercharge exports, attract investments, and expand market access between Nigeria and the United Kingdom (UK).

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Mark Smithson, Country Director at the UK Department for Business and Trade, highlighted the opportunities available under the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP) and Developing Countries Trading Scheme (DCTS). He noted that the DCTS currently offers low or zero tariffs to over 2,000 Nigerian products entering the UK, saying, “We are eager to see Nigerian farmers, entrepreneurs, and businesses take advantage of these opportunities — from sesame seeds to cashew nuts — and fill the gaps left by declining crude oil exports.

Smithson reiterated the UK’s commitment to equitable trade partnerships and encouraged Nigerian exporters to meet international product standards to compete effectively in global markets. He expressed the centre’s readiness to support businesses on both sides in navigating and thriving in a dynamic trade landscape.

Ray Atelly, NBCC President, emphasised that the trade centre was a hub of opportunity, stating, “This centre will serve as a one-stop information shop for trade, housing experts, and insights to help businesses make informed decisions.” He added, “There is so much Nigeria can export,” highlighting the potential for growth and development in the country’s export sector.

The Nigerian-British Trade Centre is poised to play a significant role in promoting trade and investment between Nigeria and the UK, and its launch marks an important step towards strengthening economic ties between the two nations

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