NIGERIAN BUSINESSES URGE FG TO RESPOND TO NEW US TARIFF MEASURES

Nigerian businesses have expressed concern over the latest tariff imposed by the United States, urging the Federal Government to take swift action to protect exporters and safeguard the country's trade interests.

Industry stakeholders warned that the tariff could increase the cost of Nigerian goods in the US market, making them less competitive and potentially reducing export volumes. They noted that the development could particularly affect manufacturers and exporters that rely heavily on access to the American market.

Business groups called on the government to engage with US authorities through diplomatic and trade channels to seek a resolution while supporting affected companies with policies that enhance competitiveness and market access.

Experts also stressed the need to diversify Nigeria's export destinations and strengthen local industries to reduce the impact of external trade shocks. They said improving product quality, expanding value-added manufacturing, and deepening regional trade under the African Continental Free Trade Area (AfCFTA) would help build resilience.

Stakeholders maintained that prompt government intervention is essential to protect businesses, preserve jobs, and sustain Nigeria's export growth amid changing global trade conditions.