The United Kingdom and Nigeria have achieved an all-time high in bilateral trade, reaching £7.9 billion (approximately 16 trillion naira), according to British High Commissioner to Nigeria, Richard Montgomery, who credited enhanced partnerships for the milestone during an interview in Abuja.

Montgomery, speaking with the News Agency of Nigeria (NAN) on Wednesday, praised the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP) as a key driver in removing non-tariff barriers and fostering cooperation in priority sectors.

He explained that the ETIP, launched to leverage mutual strengths, aligns with the UK's Developing Countries Trading Scheme (DCTS), offering tariff reductions and favorable terms for Nigerian exports to stimulate growth.

The envoy described the trade surge as a "very positive trajectory," noting the ETIP's focus on mutually agreed areas where the UK holds comparative advantages. These include financial services, fintech, artificial intelligence, digital platforms, creative industries, advanced manufacturing, and energy solutions.

Montgomery emphasized UK's investments in Nigeria's higher education and agriculture to enhance export potential, aiming to unlock opportunities for businesses and governments on both sides. He stressed the partnership's reciprocal benefits, such as job creation and economic expansion, underscoring that it was negotiated to serve both nations' interests without dominance in any sector.