The Nigerian government has taken a proactive stance in the face of the recently announced 14% tariff on Nigerian exports to the United States. This significant policy shift, introduced by President Donald Trump’s administration on April 3, 2025, highlights a growing trade imbalance. The U.S. justified the move by citing Nigeria’s 27% tariff on American exports, which they claim has disadvantaged U.S. businesses for years.
Dr. Jumoke Oduwole, Nigeria’s Minister of Industry, Trade and Investment, emphasized the country’s resolve to turn this challenge into an opportunity to diversify its economy and boost non-oil exports. She highlighted that although oil products account for over 90% of Nigeria’s $5–6 billion annual exports to the U.S., non-oil goods—like fertilizers, lead, and agricultural products—now face potential disruption. This poses significant challenges for SMEs relying on AGOA exemptions to maintain competitiveness in global markets.
To navigate this new trade landscape, Nigeria is looking inward, focusing on quality assurance, traceability, and leveraging the African Continental Free Trade Area (AfCFTA). By strengthening regional trade and reducing reliance on a single market, Nigeria aims to mitigate the long-term impact of the U.S. tariffs.
This development underscores the importance of fostering equitable international trade policies while emphasizing the need for nations to adapt to evolving global trade dynamics.
