Mr Ben Llewelyn-Jones, British Deputy High Commissioner in Lagos, says UK exports to Nigeria amounted to 3.3 billion pounds in the four quarters of 2022. He said that the total UK imports from Nigeria, in the period, amounted to 2.2 billion pounds.

This, according to him, put the trade volume between the United Kingdom and Nigeria at 5.5 billion pounds. Llewellyn-Jones gave the figures in an interview with the News Agency of Nigeria (NAN) 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. He also said that 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 explaining that the UK market is a very large one so they have reached out to small and large businesses in different parts of the country which is intended to help exporters and other people in the trading business to make the United Kingdom an export destination.

It is also important to note that the UK government has been carrying out a lot of work in the country through initiatives as British International Investment which looks into the possibilities of investment, provides them and they work closely with the Nigerian authorities to overcome some challenges that come with investing in the country and are also working on several ways to further strengthen the relationship between both countries.