Oduwole explains real impact of Trump-led US tariffs on Nigeria

The Minister of Trade and Investment, Jumoke Oduwole, explained that Nigeria’s business and trade partnership with the US remains strong despite President Trump’s global tariff regime.

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She disclosed this in an interview with CNN at the sidelines of the ongoing World Economic Forum in Davos, Switzerland.

According to her, the US has remained Nigeria’s strong partner in business, which is the reason the two countries launched a commercial investment pact in June 2025.

He stressed that US businesses work closely with their Nigerian counterparts.

“To be honest, we are still on the course. The US remains our strong strategic partner; we launched a commercial investment partnership in June last year. US businesses work closely with Nigerian businesses,” he said.

She further highlighted that in the past years Nigeria has attracted both domestic and foreign investors into various sectors of the economy, citing an improved business environment.

DAILY POST reports that a World Bank report projected that Nigeria’s economy is expected to grow to 4.4 percent in 2026.

In the third quarter of 2025, Nigeria’s gross domestic product grew to 3.98 percent.

DAILY POST reports that in August President Trump slammed a 15 percent tariff on Nigeria and other African countries.