“The vulnerability of the Nigerian economy to shocks of the current trade war unleashed by President Trump may be very limited.”
The Centre for the Promotion of Private Enterprise (CPPE) has stated that Nigeria’s economy is likely to experience minimal disruptions from the recent tariff hikes imposed by former U.S. President Donald Trump. CPPE CEO Dr. Muda Yusuf noted that Nigeria’s trade exposure to the U.S. averages just 10%, with exports to America accounting for $5.7 billion (11.3%) of the country’s total $50.4 billion merchandise exports in 2024.