The United Kingdom and Nigeria have taken another major step to boost trade relations with the launch of the UK-Nigeria Economic Diversification Working Group Dialogue in Lagos.
According to a statement from the British Deputy High Commission, the dialogue builds on the momentum of the recent Developing Countries Trading Scheme (DCTS) Roadshow held in Kano and Lagos. The initiative aims to promote inclusive growth and expand Nigeria’s participation in global trade networks.
Organised under the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), the dialogue brought together senior officials, trade experts, and business leaders from both countries. Discussions focused on developing Nigeria’s non-oil sectors — especially agriculture, manufacturing, and digital services. The UK also pledged support through trade facilitation, investment promotion, and capacity-building projects.
British Deputy High Commissioner Jonny Baxter reaffirmed the UK’s commitment to stronger economic ties, noting that trade between both nations reached £7.9 billion in the 12 months ending March 2025.
He also highlighted the benefits of the DCTS, which gives tariff reductions and easier trade rules for over 3,000 Nigerian products — including ginger, cocoa, sesame seeds, cashew nuts, and textiles — to access the UK market more easily.
“The DCTS comes at a critical time when Nigeria is intensifying efforts to diversify its export base beyond oil,” she said. “To harness these benefits fully, stakeholders must understand trade rules, documentation requirements, product standards, and facilitation measures.”
Through partnerships like this, we aim to reduce trade barriers, improve competitiveness, and ensure Nigerian products meet global standards
Baxter described the dialogue as a “significant milestone” that reflects both nations’ shared goal of driving inclusive and sustainable growth through export diversification.
Representing the Permanent Secretary of Nigeria’s Ministry of Industry, Trade and Investment, Ambassador Abba Nura Rimi, the Director of Trade and Investment, Mrs. Orji Gertrude, called the initiative timely and vital to Nigeria’s ongoing economic reforms.
She said it would help reduce trade barriers, boost competitiveness, and ensure Nigerian products meet international standards.
The meeting ended with both countries reaffirming their joint commitment to building resilient and diversified economies through ongoing collaboration, innovation, and policy exchange.
