Imports from Nigeria Climb to £2.4bn
$2.94bn Capital Inflows Recorded in Q3 2025
Lagos: Bilateral trade between Nigeria and the United Kingdom surged to £8.1 billion, sparking rapid projected growth for Nigeria’s air cargo sector, according to the Federal Airports Authority of Nigeria (FAAN).
FAAN’s Managing Director, Mrs Olubunmi Kuku, represented by the Director of Cargo Development and Services, Mr Lekan Thomas, made the projection at a forum hosted by the Nigerian-British Chamber of Commerce.
Trade between both countries rose by 11.4 per cent year-on-year, with UK imports from Nigeria valued at £2.4 billion. Kuku explained that even a modest 1–5 per cent increase in exports could generate an additional $25-$125 million in revenue.
She highlighted that the UK’s duty-free and reduced-tariff offers on Nigerian products provide a major boost to exporters, particularly in agriculture and manufacturing, by opening wider access to UK markets.
Kuku further noted that the UK remains Nigeria’s largest source of capital inflows, with $2.94 billion recorded in Q3 2025 alone, underscoring the strength of bilateral economic ties.
She emphasised that Nigeria must be ready to sell consistently, competitively, and at scale in the UK market.
Backed by aviation reforms under President Bola Tinubu’s administration, FAAN is advancing infrastructure upgrades, digital cargo systems, and incentives to attract more cargo airlines.
“With robust systems, Nigeria can expand exports, deepen trade with the UK, and lead Africa’s air cargo market,” Kuku affirmed.
She reaffirmed that this strategic transformation will not only enhance Nigeria’s role in global trade but also position the country as a model for regional economic prosperity.