GROUP WARNS US TARIFF COULD HURT NIGERIAN EXPORTS, INVESTMENT

A business group has warned that new United States tariff measures could negatively affect Nigerian exports and discourage foreign investment if not properly addressed.

The group said increased trade barriers could make Nigerian products less competitive in the US market, affecting businesses that rely on international trade and limiting opportunities for exporters.

It noted that sectors such as agriculture, manufacturing, and other export-driven industries could face challenges if tariffs raise the cost of Nigerian goods entering the US market.

The group also expressed concerns that prolonged trade uncertainties could influence investor confidence, as foreign companies often consider market access and trade policies when making investment decisions.

Trade experts urged the Nigerian government to strengthen diplomatic engagement, diversify export markets, and support local businesses to improve competitiveness in global markets.

They added that improving production capacity, reducing business costs, and expanding trade partnerships would help Nigeria better withstand external economic pressures.

The group called for proactive measures to protect Nigerian exporters and maintain the country’s attractiveness as a destination for foreign investment.