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UK Cuts Tariffs On Products From Nigeria, Others

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The United Kingdom (UK) today announced that it has radically simplified trading rules and cut tariffs on products from Nigeria and other developing countries to save businesses and consumers millions of pounds a year.

According to a statement issued on Monday by the British High Commission in Abuja, this development follows UK’s new post-Brexit Developing Countries Trading Scheme (DCTS) scheme – entering into force today, which covers 65 countries, including Nigeria.

The scheme removes or reduces tariffs and simplifies trading rules so that more products qualify for the scheme, making it more generous than the EU scheme the UK was previously a member of. The scheme will benefit developing countries looking to diversify and increase exports, driving their prosperity and creating jobs. Over time, as developing countries increase trade with the UK under the scheme, businesses could save millions more on import costs, the statement said.

In Nigeria, over 99 per cent of goods exported from the country will automatically be eligible for duty-free access to the UK. Nigeria will receive enhanced preferential access for almost 3,000 products. E.g. 4.5 per cent removed on cocoa paste, 26.5 per cent removed on fruit juices, and 14 per cent removed on prepared tomatoes, the statement added.

UK ministers for International Trade Nigel Huddleston launched the scheme while on a visit to Ethiopia’s largest industrial business park, Bole Lemi.

Speaking at the park, minister Huddleston said: “This DCTS scheme is a brilliant example of the UK taking advantage of its status as an independent trading nation and I am excited to see it implemented today.

“It will create opportunities for businesses around the world, supporting livelihoods, creating jobs and diversifying local and international supply chains. It will also benefit UK businesses and consumers by lowering import costs on a whole range of products.”

The Foreign, Commonwealth and Development Office’s Minister for Development and Africa, Andrew Mitchell, said “ the UK’s new trading scheme for 65 developing countries, DCTS, shows how we can use trade to deliver development.

“It will benefit traders around the world, including women-owned businesses, which we are supporting through the UK Trade Partnership programme.”

The scheme benefits businesses all over the world and British companies that trade with these countries in everyday products such as bicycles and camping gear.

Speaking on the launch, UK deputy British High Commissioner in Lagos, Ben Llewellyn-Jones said

“Nigeria is one of the UK’s most important partners in Africa and the UK Government is committed to working with Nigerian businesses and exporters to boost trade between our two great nations. The UK’s Developing Countries Trading Scheme harnesses the power of trade to help Nigeria and other emerging economies grow and prosper.

One major benefit of this new UK trading scheme is that it abolishes tariffs on over 3000 everyday products that Nigeria currently exports including cocoa, cotton, plantain, flowers, fertilizers, tomatoes, frozen shrimps and sesame. The overarching aim of the new scheme is to grow trade with developing countries, boosting the economy and supporting jobs in those countries, as well as in ours

Source:- Leadership

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NEWS

Prophet Jeremiah Fufeyin’s Generous Act: Donates Over 30 Million Naira to Help Alleviate Soaring Food Prices in Nigeria (Watch Video)

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Billionaire prophet and General Overseer of Christ Mercyland Deliverance Ministry in Warri, Delta State, Prophet Jeremiah Fufeyin, has given out over N30 million in charity to reduce the current economic crisis faced by the masses.

In a viral video on social media, Fufeyin, known for his philanthropic gestures, was seen giving out wads of cash to church members to ameliorate the rising price of food items in the country.

The humanitarian effort has caught the attention of netizens, capturing the hearts of many amid the current challenging times.

Fufeyin has emerged as a beacon of hope by extending a remarkable gesture of kindness towards struggling church members even as he stressed the need for well-meaning Nigerians to help assuage the challenges of the masses.

This spontaneous and substantial donation not only alleviated immediate concerns but also underscored Fufeyin’s deep empathy for those affected by economic hardship.

The response to Fufeyin’s act of benevolence has been overwhelmingly positive, with Nigerians taking to social media platforms to commend his compassion and selflessness. Amidst a climate of economic uncertainty and rising living costs, Fufeyin’s initiative has resonated deeply, sparking discussions about the importance of generosity and communal support during trying times.

Fufeyin expressed his motivation for the donation, citing a desire to alleviate the suffering of his church members and fellow Nigerians in tangible ways.

He emphasised the necessity of collective action in addressing societal challenges and urged others, particularly those in positions of influence, to contribute towards uplifting the less fortunate.

The impact of Fufeyin’s philanthropy extends beyond financial assistance, serving as a powerful reminder of the potential for positive change when individuals leverage their resources for the greater good of all.

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Entertainment

Big Dreams, is set to release his debut Single’s , ‘Vanity & Painful On January 26th

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Delta State Born Singer, Big Dreams, is set to release his debut album,My Way ‘,’Coming Soon.

With they announcement of his two singles which are set to be released on 26 January 2024.

In the digital era of Afrobeats, the music superstar, Big Dreams, has established a name for himself thanks to a succession of great singles and collaborations.

They man of they moment has done great works, therefore this album will set a pathway to Greatness.

The musician made this announcement via his Twitter account. He characterized the album as everything he desires and all he stands for.

 

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Legendary singer, Kathy Brown diagnosed with stage four lung cancer

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Legendary house music singer, Kathy Brown has been diagnosed with stage four lung cancer with the disease spreading to her brain.

The American singer, 63, known for songs including Turn Me Out (Turn to Sugar) and Strings of Life (Stronger on My Own) was diagnosed late last year after being admitted to ICU in her hometown of Charleston, South Carolina.

Doctors performed surgery to try and reduce swelling in Brown’s brain – with the star currently undergoing a course of radiotherapy and immunotherapy.

Kathy’s daughter Chanta Joyner has set up a GoFundMe to fund medical expenses and monthly bills for the family.

Chanta wrote: ‘As the news is only just sinking in we are already facing the harsh reality of what this means for my mother – not only the physical and medical challenges but also the many financial ones.

‘Like most artists who have devoted their careers to dance music, without being able to perform LIVE there’s little to no chance of earning an income. My mother has poured her heart and soul onto stages and dance floors all over the world for more than thirty years, and now she needs your love and support more than ever.

‘My siblings and I are going to do everything we can to take care of her, but the costs we are facing with medical expenses and monthly bills are overwhelming.

‘My mom deserves the best care and comfort that money can buy. I know that she has thousands of fans all over the world who adore her voice and her beautiful spirit.

‘Please consider contributing to assist Kathy and get her through the weeks and months ahead. The London-based record label ‘Revival’ that she has recently been working with has offered to match contributions up to $10,000.

‘Let’s show my mom that the dance music community really is an extended family who keep each other lifted not only in the good times but the hard times too. Thank you for the love, support and many messages that you have been posting and sending to Kathy. I promise you that she sees every single one, and they mean so very much to her.

Brown originally found fame as the chart-topping lead singer of the group Praxis before having US dance hits on her own.

In 1999 she climbed to #4 on the Hot Dance Music/Club Play chart with Joy and in 2004 was the credited lead vocalist on the British act Soul Central’s Strings Of Life (Stronger On My Own), a track that samples Rhythm Is Rhythm’s 1989 House classic.

Over the years she featured on dozens of house and club singles.

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