Ben Llewelyn-Jones, British Deputy High Commissioner in Lagos, says UK exports to Nigeria amounted to £3.3 billion in the four quarters of 2022.
He said the total UK imports from Nigeria in the period amounted to £2.2 billion.
This, according to him, put the trade volume between the United Kingdom and Nigeria at £5.5 billion.
Mr Llewellyn-Jones gave the figures in an interview on Sunday in Lagos.
He said that the UK government was exploring ways to improve the trading relations with Nigeria, including partnering with it in bringing in electric meters
The envoy said the UK government had also introduced the Developing Countries Trading Scheme (DCTS) that would encourage and improve the exportation of goods from Nigeria.
He said that under the scheme, 99 per cent of goods exported to the UK would be duty-free.
“With the introduction of the DCTS, which would take off in April, 99 per cent of Nigeria’s exports to the UK would be duty-free, as we see this as a real opportunity to…
