Nigeria

Minister asks Britain to address challenges faced by Nigerian businesses

Mr Adeniyi Adebayo, the Minister of Industry, Trade and Investment, says the Federal Government has initiated a process to revive the collapsed industries in Kano State.

Otunba Adeniyi Adebayo, Minister of Industry, Trade, and Investment, has called on the United Kingdom to ad­dress the challenges faced by Nigerian businesses, especial­ly with regard to restrictions and tariffs.

Speaking at the 6th minis­terial meeting of the UK-Ni­geria Economic Development Forum (EDF) held virtually on Friday, Adebayo said, “In as much as we are flexible and committed to facilitating UK business concerns, we also request that the UK should continue to reciprocate and address the challenges faced by Nigerian businesses, espe­cially with regard to restric­tions and tariffs.”

The Minister also ex­pressed optimism that as the impact of the COVID-19 pan­demic eases on economies, efforts towards building the capacity of Small and Medi­um Enterprises to attain rel­evant certifications for export to UK and EU markets will be prioritised.

He stressed the importance of the Trade Policy relation­ship between the two coun­tries, pointing out that work was in progress towards re­viewing Nigeria’s trade pol­icy document to reflect the current realities.

Adebayo commended the Minister of Finance, Bud­get and National Planning, Mrs Zainab Ahmed, and the Comptroller-General of Customs, Col Ahmed Ali, for being proactive in improving trade facilitation for UK busi­nesses in Nigeria, saying “It is my hope that the U.K remains committed to facilitating de­liberations for the purpose of addressing issues raised at the 4th Business Dialogue.”

Get more stories like this on Twitter and Telegram

Recommended Stories