Trade War Heats Up: FG Forms Committee As Trump Slams Nigeria With Tariffs

The Federal Government has constituted a sub-committee to evaluate the potential economic consequences of President Donald Trump’s newly imposed tariffs on Nigerian exports.....KINDLY READ THE FULL STORY HERE▶

According to reports, President Trump recently announced a 14 percent tariff on goods imported from Nigeria into the United States. In response, the Economic Management Team (EMT), led by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, convened a strategic meeting with key government ministries and agencies to assess the broader fiscal and economic effects of these new trade developments.

A statement released on Friday by the Ministry’s spokesperson, Mohammed Manga, revealed that the meeting focused particularly on the implications of the U.S. tariff move and its potential repercussions for the Nigerian economy.

“Although Nigeria’s primary export—crude oil—was not directly targeted, the EMT took note of the recent decline in international oil prices,” the statement noted.

To enable informed policymaking, the EMT has set up a sub-committee mandated to conduct an in-depth analysis of both the direct and ripple effects of the tariffs and shifting global commodity prices.

The sub-committee comprises representatives from the Federal Ministry of Finance, the Ministry of Budget and Economic Planning (including the Budget Office of the Federation), and the Central Bank of Nigeria (CBN).

It has already held its inaugural session this week and is expected to submit its findings to the EMT promptly.