• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria To Benefit From UK’s New Trading Scheme

by Innocent Odoh
3 years ago
in News
Nigeria To Benefit From UK’s New Trading Scheme
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria will benefit from a newly launched United Kingdom’s Developing Countries Trading Scheme (DCTS) which will extend tariff cuts to hundreds of more products exported from developing countries, going further than the EU’s Generalised Scheme of Preferences.

Advertisement

According to a statement issued by the British High Commission in Abuja, the UK International Trade Secretary Anne-Marie Trevelyan said this development is on top of the thousands of products which developing countries can already export to the UK duty-free [and will mean 99% of goods imported from Africa, for example will enter the UK duty free].

The scheme means that a wide variety of products – from clothes and shoes to foods that aren’t widely produced in the UK including olive oil and tomatoes – will benefit from lower or zero tariffs.

The Developing Countries Trading Scheme ensures that British businesses can benefit from more than £750 million per year of reduced import costs, leading to more choice and lower costs for UK consumers to help with the cost of living.

Speaking further on the imperative of the scheme, Trevelyan said “As an independent trading nation, we are taking back control of our trade policy and making decisions that back UK businesses, help with the cost of living, and support the economies of developing countries around the world.

RELATED

Leaders Pay Tributes To Dantata

Leaders Pay Tributes To Dantata

38 minutes ago
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

2 hours ago

“UK businesses can look forward to less red-tape and lower costs, incentivising firms to import goods from developing countries.”

Acting British High Commissioner to Nigeria, Gill Atkinson, said “Nigeria will automatically benefit from enhanced preferences under the DCTS. This means 99% of total goods exported from Nigeria are eligible for duty-free access to the UK, saving £500,000 of tariffs.

“As an example, cocoa butter exporters will save £180,000. It’s great to see that the new DCTS will also simplify seasonal tariffs, meaning additional access for Nigeria’s exports to the UK.”

The DCTS covers 65 countries across Africa, Asia, Oceania and the Americas including some of the poorest countries in the world.

It removes some seasonal tariffs, meaning more options for British supermarkets and shops all year round. For example, cucumbers, which can’t be grown in the UK in the winter, will now be tariff-free during this period for the majority of countries in the scheme.

This work is part of a wider push by the UK to drive a free trade, pro-growth agenda across the globe, using trade to drive prosperity and help eradicate poverty, the statement said.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

ECOWAS Urges Structured Implementation Of 30% Affirmation For Women

Next Post

Why Video Games Should Be Your Leisure Activity

Innocent Odoh

Innocent Odoh

You May Like

Leaders Pay Tributes To Dantata
News

Leaders Pay Tributes To Dantata

2025/06/29
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture
Business

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

2025/06/29
New Afreximbank President To Restructure African Trade
Business

New Afreximbank President To Restructure African Trade

2025/06/29
Queen Mary Of Denmark Promises More Investment In Nigeria’s Port Infrastructure
News

Queen Mary Of Denmark Promises More Investment In Nigeria’s Port Infrastructure

2025/06/29
Oyetola
Business

Federal Gov’t Launches Life-jacket Safety Initiative

2025/06/29
Tech Scholar To Drive Academic Vision As OAU’s New DVC
Business

Tech Scholar To Drive Academic Vision As OAU’s New DVC

2025/06/29
Leadership Conference advertisement

LATEST

Leaders Pay Tributes To Dantata

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

New Afreximbank President To Restructure African Trade

Queen Mary Of Denmark Promises More Investment In Nigeria’s Port Infrastructure

Federal Gov’t Launches Life-jacket Safety Initiative

Tech Scholar To Drive Academic Vision As OAU’s New DVC

Cybercrime: Half Of Victims Paid Ransom In 2025

FG Moves To Curb Brain Drain With Digital Career Pathway For Civil Servants

9PSB Reintroduces Bank9ja App To Deepen Financial Inclusion In Nigeria

Starlink Now Live Nationwide As Konga Offers Free Same-day Delivery

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.