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<p>Increasing and promoting trade with Nigeria is a priority for the UK Government.
Total trade in goods and services between the UK and Nigeria was £3.5 billion last
year (ending Q3 2021), an increase of 1.9% or £65 million from the previous year.
At the most recent bi-annual UK-Nigeria Economic Development Forum government to government
dialogue, held on 26 April, Ministers from both countries agreed to start a working
group to discuss how to enhance the bilateral trading relationship.</p><p> </p><p>Officials
are working to support British business access foreign exchange facilities through
the Economic Development Forum and the associated Finance and Financial Services Working
Group.</p><p> </p><p>From 2016 to 2021 UK exports of spirits to Nigeria increased
by 92.1%. DIT continues to offer a wide range of support for British alcohol and spirit
producers wishing to export into Nigeria. Through our work, import adjustment tax
is now no longer applicable on Scotch Whisky exports to Nigeria.</p>
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