FG Reacts to Trump’s 14% Tariff on Nigerian Exports

• The Federal Government of Nigeria has acknowledged the recent imposition of a 14% tariff on Nigerian exports by the United State.

• The government is committed to mitigating the impact while accelerating economic diversification.

The Federal Government of Nigeria has acknowledged the recent imposition of a 14% tariff on Nigerian exports by the United States, stating its commitment to mitigating the impact while accelerating economic diversification.

This development comes as US President Donald Trump slapped a global tariff on all US trading partners, sparking fears of heightened uncertainty and potential reciprocal tariffs.

The Nigerian government, in a statement signed by the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, noted that while oil has long dominated Nigeria’s exports to the US, non-oil products—many previously exempt under the African Growth and Opportunity Act (AGOA)—now face potential disruption.

The new 10% tariff on key categories may impact the competitiveness of Nigerian goods in the US market.

“For businesses in the non-oil sector, these measures present destabilizing challenges to price competitiveness and market access, especially in emerging and value-added sectors vital to our diversification agenda,” the statement read.

Nigeria’s exports to the US have averaged $5-6 billion annually over the past two years, with crude oil and mineral fuels accounting for over 90%.

Non-oil exports, such as fertilizers, urea, lead, and agricultural products, make up less than 5% of total shipments.

The new tariffs may reduce the competitiveness of Nigerian businesses in value-added and agro-processing sectors in the US market.

However, the government sees this as an opportunity to fast-track export diversification and improve compliance with international standards.

“We are approaching this moment with pragmatism and purpose—turning global trade challenges into opportunities to grow our non-oil export footprint and build a more resilient economy,” Dr. Oduwole said.

The Tinubu administration has rolled out policy, financing, and infrastructure measures to help Nigerian businesses adapt, including:

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The Nigerian government remains in active consultations with US trade representatives and the World Trade Organization (WTO) to address the implications of the new tariffs.

This follows a recent meeting between the US Ambassador and the Minister on March 26, 2025, where both nations reaffirmed their commitment to strengthening bilateral trade ties.