FAAN projects export growth as Nigeria-UK trade hits £8.1b
Nigeria’s export potential to the United Kingdom (UK) is set for significant growth as the Federal Airports Authority of Nigeria (FAAN) has highlighted rising trade volumes and new market opportunities
Nigeria’s export potential to the United Kingdom (UK) is set for significant growth as the Federal Airports Authority of Nigeria (FAAN) has highlighted rising trade volumes and new market opportunities within the aviation sector.
Speaking at a forum hosted by the Nigerian-British Chamber of Commerce, the Managing Director/Chief Executive, Mrs Olubunmi Kuku, highlighted encouraging trade figures and policy support driving the aviation corridor.
Represented by the Director of Cargo Development and Services, Lekan Thomas, the FAAN made said Nigeria-UK trade reached £8.1 billion, recording an 11.4 per cent year-on-year increase, while UK imports from Nigeria stood at £2.4 billion. She noted that even a modest 1–5 per cent increase in exports could generate an additional $25–125 million in revenue.
Advertisement
300x250
Kuku also pointed to the UK’s decision to grant duty-free or reduced tariffs on over 3,000 Nigerian products as a major opportunity for exporters, particularly in agriculture, manufacturing, and emerging sectors.
She further emphasized strong government backing for aviation reforms, citing recent engagements led by President Bola Tinubu and the Minister of Aviation, Festus Keyamo, which have helped restore investor confidence and strengthen bilateral cooperation.
FAAN, she said, is already advancing infrastructure upgrades, digital cargo systems, and incentives to attract more cargo airlines, positioning Nigeria to capture a larger share of the global air freight market.
“With the right systems in place, Nigeria is well-positioned to scale exports, deepen trade with the UK, and become a leading air cargo hub in Africa,” she said.
