The Nigerian-British Chamber of Commerce (NBCC) has officially inaugurated the Nigerian-British Trade Centre, a major strategic platform aimed at boosting exports, attracting investments, and expanding market access between Nigeria and the United Kingdom.
Mark Smithson, Country Director at the UK Department for Business and Trade, highlighted promising prospects under the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP) and the Developing Countries Trading Scheme (DCTS). These initiatives currently offer low or zero tariffs on more than 2,000 Nigerian products entering the UK market.
Smithson underscored the UK’s dedication to fostering fair trade partnerships and urged Nigerian exporters to adhere to international quality standards to compete successfully on the global stage.
“We are keen to see Nigerian farmers, entrepreneurs, and businesses capitalize on these opportunities — from sesame seeds to cashew nuts — filling the economic void created by falling crude oil exports,” he said.
The new Trade Centre is poised to support businesses from both nations in navigating the evolving trade landscape and thriving amid global economic shifts.
Ray Atelly, NBCC President, described the centre as a vibrant hub of opportunity that will promote economic diversification and cultural exchange between Nigeria and the UK.
“This centre will serve as a one-stop information hub for trade, bringing together experts and insights to empower businesses to make informed decisions,” Atelly noted.
He added, “Nigeria has a wealth of products to offer the world, and this initiative will help unlock that potential.”
