Daily Post· 1h ago· 1 min read
Economist and financial analyst, Dr. Muda Yusuf has reacted to the 12.5 percent tariff imposed by the United States, under President Donald Trump, on imports from Nigeria.
In a statement issued at the weekend, Yusuf detailed the likely economic impact of the tariffs on Nigeria.
Recall that three days ago, the Office of the United States Trade Representative, USTR imposed a 12.5 percent import tariff on Nigeria and several other countries over their alleged failure to implement its forced labour rules.
Reacting, Yusuf, a former Director-General of the Lagos Chamber of Commerce and Industry, LCCI, outlined two reasons why the impact of the US tariffs is unlikely to be significant for the Nigerian economy.
He explained that Nigeria's exports to the United States are heavily concentrated in crude oil, liquefied natural gas, and other petroleum products, which account for more than 80…
Continue reading at Daily PostDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
Cooking Gas Price Drops Amid Rising Imports
21m ago
Read More
Lagos 2027: No agreement I’ll spend one term as gov — Hamzat
21m ago
Read MoreOkowa: Tinubu assumes office when his service was really needed, deserves second term
23m ago
Read More
Hashim Camp rejects Osun Govt House endorsement of Tinubu, insists on Accord presidential mandate
23m ago
Read More
2027: Tinubu meets NDC’s Hanga, Gaya
24m ago
Read MoreSouth-East students, parents praise, puncture Tinubu’s NELFUND scheme
24m ago
Read MoreLatest in Top Stories
2027: No rigging will succeed in Abia, says LP Reps candidate
Punch · just now
Jubilation in university as FG raises workers’ allowance to N486,000
Legit.ng · 39m ago
Nigeria, AFDB Back African Mineral Local Value Addition
Channels TV · 27m ago
‘We can’t run country on vibes’ – Rufai Oseni attacks Peter Obi
Daily Post · 29m ago
Brazil recalls ambassador to Argentina after Milei calls Lula a 'thief' at Bolsonaro rally
Legit.ng · 30m ago
Bad parenting fuelling rising social vices, untoward acts — Prof Oluponna
Nigerian Tribune · 32m ago
Troops Rescue Two Kidnapped Victims In Taraba
Channels TV · 33m ago
Breaking: Obi declares what he will do to northerners if he becomes Nigeria's president in 2027
Legit.ng · 34m ago
Most Read Today
Super Falcons unveil new 10-star jersey before WAFCON 2026 opener
Legit.ng · 2d ago
Nigerian students lament delay in NELFUND upkeep allowance
Premium Times · 5d ago
Gehgeh officially weds lover despite bad advice against marriage [VIDEO]
Daily Post · 1d ago
Pay raises keep shrinking. Here’s how much smaller they’ll be next year.
MarketWatch · 2d ago
See details for Kansas Athletics’ new-look Late Night in the Phog
Yahoo Sports · 3d ago
White House Rushes to Trump’s Defense After Alan Ritchson Torches President Over Epstein Files
Rolling Stone · 2d ago
Kano govt declares ‘Daba’ illegal, orders crackdown on practice
Daily Post · 3d ago
Osun guber: Ekiti Accord candidate mobilises support for Adeleke
Nigerian Tribune · 4d ago