British High Commissioner Says, Nigeria-UK N16trn Current Trade Value Highest Ever

British High Commissioner to Nigeria, Richard Montgomery, says the trade value between Nigeria and Britain, which currently stands at 7.9 billion pounds (16 trillion naira) has hit an unprecedented level…Read ..Full.. Article.. .

Montgomery made this known in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja.

He lauded the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP)which he said boosts trade relations by removing non-tariff trade and investment barriers to foster cooperation in priority sectors.

According to him, the ETIP, which also promotes collaboration with the Developing Countries Trading Scheme (DCTS), would scale the trade value by providing generous trading terms and tariff reductions on Nigerian products.

“So I’m really delighted at our most recent trade figures. The 7.9 billion pounds or 16 trillion Naira trade is the highest that it’s ever been between the UK and Nigeria. And so it’s a very positive trajectory.

“The enhanced Trade and Investment Partnership (ETIP) is exciting because it’s a mutually agreed set of sectors and issues on which the UK and Nigeria government are going to work on, and..  Read . .More