This was disclosed in an official statement released Friday by the British High Commission in Nigeria, reaffirming the UK’s commitment to fostering stronger economic ties with Africa’s largest economy.
Launched in June 2023, the DCTS allows Nigeria and 36 other African countries to export over 3,000 products to the UK duty-free or at significantly reduced tariffs. The scheme is designed to stimulate export growth, enhance market access, and encourage industrial value addition across participating nations.
According to the statement, the initiative supports Nigerian businesses by providing preferential market entry into the UK, while simultaneously benefiting UK consumers through lower import costs and greater product diversity.
British High Commissioner to Nigeria, Dr. Richard Montgomery, described Nigeria as one of the UK’s most strategic trade partners in Africa and emphasized the long-term impact of the DCTS on job creation and economic growth.
