By: Abba Onyekachukwu, Abuja.
The Federal Government of Nigeria has acknowledged the recent tariff measures announced by the US Government, including a 14% tariff on Nigerian exports. Despite potential negative impacts on global trade, Nigeria remains committed to building economic resilience and accelerating export diversification under President Bola Ahmed Tinubu’s Renewed Hope Agenda.
In a press statement from the Director of Press and Public Relations FMITI, Dr Thomas Adebayo on Sunday, the US has imposed a 14% tariff on Nigerian exports, prompting Nigeria’s response.
Nigeria is committed to building economic resilience and diversifying exports and the two two countries have reaffirmed their joint commitment to strengthening economic ties, with the US Ambassador visiting Nigeria’s Minister of Industry, Trade and Investment on March 26, 2025.
Implications and next steps are that the tariff measures may affect Nigeria’s trade relationships and economic growth. However, Nigeria’s commitment to economic resilience and export diversification is expected to drive growth and development.
Nigeria and the US have a valued trade and investment partnership, bound by shared values and mutual economic interests. The recent tariff measures have sparked a response from Nigeria, highlighting the need for strong economic ties between the two countries.
To provide further context, other developments in Nigeria include the
IBB Golf Club has elected a new captain, Ibrahim Babayo, who aims to elevate the club’s status globally and FCT Minister, Ezenwo Nyesom Wike has inaugurated a new Board of Trustees for the IBB Golf Club, charging them with key reforms.
