OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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UK CUTS TARRIFS ON PRODUCTS FROM NIGERIA,OTHERS.(PHOTO).

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UK Cuts Tariffs On Products From Nigeria, Others 

June 20, 2023

The United Kingdom (UK) Monday simplified trading rules and cut tariffs on products from developing countries, including Nigeria, saving businesses and consumers millions of pounds a year.

The UK’s new post-Brexit Developing Countries Trading Scheme (DCTS) scheme, which implementation began yesterday, according to a statement by the British Deputy High Commission in Nigeria, covers 65 countries, including Nigeria.

It said with the new scheme, over 99% of goods exported from Nigeria would automatically be eligible for duty-free access to the UK.

It added that Nigeria would receive enhanced preferential access for almost 3,000 products.

The scheme was designed to benefit developing countries looking to diversify and increase exports, driving their prosperity and reducing their need for aid.

“4.5% removed on cocoa paste, 26.5% removed on fruit juices, and 14% removed on prepared tomatoes”, the statement said.

The scheme, according to the statement, 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.

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

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, fertilisers, 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.”

 

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