UK unveils tariff-free trade scheme with Nigeria

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Nigerians are set to benefit from a new trading scheme in the United Kingdom that will cut price tariffs on hundreds of everyday products exported into the country from 2023.

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

Also in his address, the acting British High Commissioner to Nigeria, Gill Atkinson, said the new scheme was to create additional access for Nigeria’s exports to the UK.

 

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According to a statement sent to The PUNCH, the trading scheme will assist British businesses earn £750 million per year from reduced import costs, leading to more choice and lower costs for the UK consumers to help with the cost of living. Buhari govt won't borrow sense on how 2

£750Million Annually is such big savings. Entrepreneurial Nigerians would benefits off of this easily. The Government inclusive. I welcome this news 🗞 and a good path to improving Nigeria’s Export Volume to the UK 🇬🇧 Market and by extension Europe. 👏🏾👏🏾

Hope there is no ulterior motive behind the Tariff free?.......I thinking.

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