NEWS

UK Cuts Tariffs On Products From Nigeria, Others

Published

6 months ago

June 21, 2023

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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Entertainment

If you can’t afford it, don’t ask him – Toke Makinwa tells ladies

Published

2 months ago

October 22, 2023

Baba Blow

Toke Makinwa says women should stop asking men for things they cannot buy for themselves. In a chat with Iyabo Ojo, Toke averred that having the disposition that a man will buy a woman anything is the reason why men do not respect women anymore.

Toke during the chat expressed her displeasure at women who are in the habit of asking men for money to buy wigs, bags, shoes and other mundane things.

‘’If you can’t buy it for yourself, don’t ask him. Don’t do it. And they are the reason why men insult women. As a women, when you now have standards, then they look at you as if you are asking for too much. Just because the bare minimum has asked you to buy her a wig”

“As a woman, you’re living in Mushin, and you’re putting pressure on a guy to buy you a house in Banana Island. I’m sorry. Make it make sense. Can you buy it? Can you even move yourself out of where you are small?

“If he meets you maybe like halfway and you are saying to him that ‘Bros, I worked hard to get halfway but I’ve a dream. My dream is not to be here where you met. And I’m not lazy. For me to leave this point to get to that point, you can see the triat of hard work. Are you going to join me to move there or are you going to be there?’ Period.”

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Entertainment

Rema, Yemi Alade, Tayc, Davido… Here Are All The Winners Of The First-Ever Trace Awards

Published

2 months ago

October 22, 2023

Baba Blow

Global music powerhouse and Afro-music tastemaker, Trace held its inaugural Trace Awards 2023 on October 21, 2023, at the BK Arena in Kigali, Rwanda, to celebrate the creativity, talent, and influence of African and Afro-inspired music and artists. More than 150 artists were nominated in the awards ceremony, which showcased the excellence and diversity of Afro-centric music in genres such as Afrobeat, Dancehall, Hip Hop, Afro-pop, Mbalax, Amapiano, Zouk, Kizomba, Genge, Coupé Décalé, Bongo Flava, Soukous, Gospel, Rap, Rai, Kompa, R&B, and Rumba.

The awards ceremony, which was hosted by Nigerian music veteran D’Banj alongside Angolan global supermodel Maria Borges, featured a star-studded lineup of performers, including Davido, Yemi Alade, Black Sherif, Kizz Daniel and more.

This year’s nominees included stars like Davido, Burna Boy, Blxckie, Yemi Alade, Libianca, and DJ Maphorisa, among others. If you weren’t able to tune in, here are the winners of the Trace Awards 2023.

Best Music Video – “Baddie” Yemi Alade (Nigeria)
Best Artist France & Belgium – Tayc (France)
Best Producer – Tam Sir (Ivory Coast)
Best Artist North Africa – Dystinct (Morocco)
Best Artist UK – Central Cee
Best Artist Indian Ocean – Goulam (Comoros)
Best Artist Francophone Africa – Didi B (Ivory Coast)
Best DJ – Michael Brun (Haiti)
Best Gospel Artist – KS Bloom (Ivory Coast)
Best Artist The Caribbean – Rutshelle Guillaume (Haiti)
Best Artist Anglophone Africa – Asake (Nigeria)
Best Global African Artist – Rema
Best Newcomer – Roseline Layo (Ivory Coast)
Best Collaboration – “Unavailable” – Davido (Nigeria) with Musa Keys (South Africa)
Best Dancer – Robot Boii (South Africa)
Best Artist Lusophone Africa – Lisandro Cuxi (Cape Verde)
Changemaker Trace Award – Mr Eazi (Nigeria)
Best Live – Fally Ipupa (DRC)
Lifetime Achievement Award – 2Baba (Nigeria)
Album of the Year – “Love Damini” – Burna Boy (Nigeria)
Best Female Artist – Viviane Chidid (Senegal)
Best Male Artist – Davido (Nigeria)