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Wafric News – June 20, 2025

The United Kingdom has confirmed that Nigerian exporters will continue to enjoy 99% duty-free access to the UK market under the Developing Countries Trading Scheme (DCTS) — a move aimed at strengthening economic ties and supporting sustainable development.

The British High Commission in Nigeria made the announcement on Thursday via its official X (formerly Twitter) account, reaffirming its commitment to trade relations with Africa’s largest economy.

“Our commitment to UK-Nigeria economic growth remains strong. Nigerian exporters can continue to benefit from the UK’s Developing Countries Trading Scheme, which offers 99% duty-free access on goods,” the post read.

The DCTS, launched in 2023 as a replacement for the UK’s former Generalised Scheme of Preferences (GSP), simplifies and expands trading benefits for 65 developing countries, including Nigeria. The scheme eliminates tariffs on the vast majority of goods and removes complex conditions that previously limited access.

Designed to promote inclusive trade, the DCTS provides significant opportunities for Nigerian businesses by opening up the UK market with fewer barriers, reduced costs, and simplified procedures. The UK government has described the scheme as “more generous and simpler” than its predecessor.

While the policy offers Nigerian exporters wider access to one of the world’s largest consumer markets, it also allows UK businesses and consumers to benefit from lower import costs on thousands of everyday products.

Trade analysts say the DCTS could significantly boost Nigerian exports in sectors such as agriculture, textiles, and manufactured goods—particularly if local producers can meet international standards and scale up production capacity.


By WafricNews Business Desk.

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