British High Commissioner to Nigeria, Richard Montgomery, announced that trade between Nigeria and the UK has reached a record £7.9 billion (₦16 trillion).
Speaking in Abuja, he credited the growth to the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), which removes non-tariff barriers and promotes cooperation in key sectors.
Montgomery explained that ETIP, alongside the Developing Countries Trading Scheme, offers tariff reductions and favorable terms for Nigerian products. It focuses on sectors where both countries have strengths, including financial services, fintech, AI, digital platforms, creative industries, advanced energy solutions, higher education, and agriculture.
He emphasized that ETIP is a mutually beneficial agreement aimed at unlocking investment, creating jobs, and fostering sustainable growth in both countries.
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