FG Raises Concerns Over New U.S. Tariffs On Nigerian Goods

The Federal Government has expressed serious concern over the newly introduced U.S. tariffs on Nigerian goods, warning that the move could weaken Nigeria’s export competitiveness, especially in non-oil sectors.

Among the revised trade measures is a 14% tariff specifically targeting Nigerian exports, a decision officials believe may hinder local products from gaining a foothold in the U. S. market.

Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, described the U.S. tariffs on Nigerian goods as a potential setback to Nigeria’s ongoing efforts to diversify its economy. She emphasized the importance of the United States as a strategic trade partner and revealed that Nigeria is in active discussions with both the U.S. government and the World Trade Organization (WTO) to explore fair and mutually beneficial solutions.

Her remarks followed a March 26, 2025, visit by the U.S. Ambassador to Nigeria, during which bilateral economic relations and market access were discussed.

Dr. Oduwole noted that since President Bola Ahmed Tinubu assumed office in May 2023, his administration has remained committed to boosting exports, attracting investment, and stabilizing the economy. However, the recent U.S. tariffs on Nigerian goods pose a challenge to these goals, particularly for small businesses and non-oil exporters.

“We are responding proactively with policies, incentives, and infrastructure upgrades to support our local industries and ensure they remain globally competitive,” she stated.

Currently, Nigeria exports between $5 billion and $6 billion worth of goods to the United States annually, primarily crude oil and gas. However, the new 10% tariff on other Nigerian goods—such as fertilizers, lead, and agricultural produce—could hurt the country’s non-oil export drive and raise production costs for local businesses.

According to Dr. Oduwole, the situation underscores the need for Nigeria to improve product quality and meet international standards. She also urged a shift toward greater regional trade, particularly through the African Continental Free Trade Area (AfCFTA), which she said offers Nigerian businesses a path to reduced trade risks and expanded market access within Africa.

Despite the impact of the U.S. tariffs on Nigerian goods, the Ministry of Industry, Trade, and Investment is determined to turn the challenge into an opportunity for deeper economic reform, with a renewed focus on non-oil exports and long-term sustainability.
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