September 3, 2025
General

Nigeria Says Trump’s Tariffs and Trade Policies Pose No Threat to Economy

President Donald Trump speaks during a prison reform roundtable in the Roosevelt Room of the Washington, Thursday, Jan. 11, 2018. (AP Photo/Carolyn Kaster)

Abuja, September 3, 2025 – The Federal Government has declared that Nigeria remains unshaken by the trade policies and tariffs introduced under U.S. President Donald Trump, stressing that the nation’s economy has built resilience and diversified far beyond overreliance on foreign markets.

Officials explained that Nigeria’s strategic focus on non-oil revenue, agricultural expansion, and industrial growth has positioned it to withstand external shocks, including shifts in global trade dynamics. They noted that while U.S. trade policies during the Trump era unsettled some developing economies, Nigeria has prioritized stronger partnerships with African, Asian, and European allies while also promoting intra-African trade under the African Continental Free Trade Area (AfCFTA).

According to the Ministry of Industry, Trade and Investment, Nigeria’s exports and imports structure has evolved in recent years, with an emphasis on value-added goods, technology, and services, which ensures that tariffs imposed on crude oil or single-sector commodities no longer pose a significant threat.

Economic analysts also highlighted that the country’s push for self-sufficiency in food production, investments in local manufacturing, and increased capital inflows into ICT and fintech have created buffers that protect the economy from external trade hostilities.

The government reaffirmed its commitment to maintaining a balanced trade policy, assuring Nigerians that efforts are underway to strengthen competitiveness, boost industrial output, and open new trade routes across global markets.