The United Kingdom Government has convened the UK-Nigeria Economic Diversification Dialogue, a high-level working group meeting held under the Enhanced Trade and Investment Partnership (ETIP), to advance bilateral cooperation in non-oil sectors.
The dialogue, which took place on Thursday, follows the recent Developing Countries Trading Scheme (DCTS) Roadshow in Kano and Lagos. It brought together senior government officials, trade experts, and private sector leaders from both countries to explore opportunities in agriculture, manufacturing, and digital services.
Opening the session, the British Deputy High Commissioner to Nigeria, Mr. Jonny Baxter, reaffirmed the UK’s commitment to strengthening trade relations with Nigeria, noting that bilateral trade between both nations was valued at £7.9 billion in the 12 months ending March 2025.
He highlighted the DCTS as a key mechanism for boosting Nigerian exports to the UK through tariff reductions and simplified trade rules, adding that over 3,000 Nigerian products—including ginger, cocoa, sesame seeds, cashew nuts, soya beans, and textiles—stand to benefit from the scheme.
“Today’s dialogue marks a significant milestone in the UK-Nigeria partnership,” Baxter said. “It reflects our shared commitment to driving inclusive, sustainable growth through export diversification. Through government and private sector collaboration, and programmes like Propcom+, we are unlocking new opportunities for trade, investment, and innovation.”
He added that the UK remains a steadfast partner in supporting Nigeria’s economic ambitions. “Through initiatives such as the DCTS and our joint work with the Federal Ministry of Industry, Trade and Investment (FMITI) on standards and export readiness, we are laying the foundation for long-term prosperity that benefits both nations,” he stated.
Representing Ambassador Abba Nura Rimi, Mrs. Orji Gertrude, Director of Trade and Investment at FMITI, underscored the importance of the DCTS initiative to Nigeria’s ongoing efforts to diversify its economy beyond oil.
“This initiative comes at a critical time when Nigeria is intensifying its drive to expand non-oil exports and deepen participation in global value chains,” she said. “However, to fully harness these benefits, stakeholders must understand the rules of origin, product standards, and documentation requirements. Through partnerships with the UK’s Department for Business and Trade (DBT), we aim to reduce trade barriers, enhance competitiveness, and ensure our products meet global standards.”
Both sides reaffirmed their shared commitment to building resilient, diversified economies and fostering innovation-driven trade relations.
The dialogue concluded with a joint call to action for continued collaboration, knowledge sharing, and policy reform to further strengthen UK-Nigeria trade and investment ties.
