Africa Business News

The Federal Government has raised concerns over the potential negative consequences of newly imposed U.S. tariffs on Nigerian exports. The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, warned that the move could significantly impact both oil and non-oil trade flows to one of Nigeria’s key markets. Oduwole emphasised that the newly introduced tariffs could undermine the competitiveness of Nigerian products in the U.S. market and disrupt business activities, particularly within the non-oil export sector. She noted that Nigeria’s exports to the United States over the past two years have consistently ranged between $5 billion and $6 billion annually. Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.