Nigeria faces a multimillion-dollar hike in export tariffs to the U.S. In 2023, Nigeria’s total trade exports to the U.S. were valued at $5.82 billion.
With the 14 percent tariff introduced in 2025, the country could have faced an additional $814.8 million in costs, according to BusinessDay.
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Oluwatobi Ojabello
Oluwatobi Ojabello, PhD, is a dynamic and multi-dimensional Assistant Editor for Economy and Markets with over two years of professional journalism experience. He delivers authoritative, data-driven coverage of fiscal policy, financial institutions and capital markets, using clear analysis to explain Nigeria’s most complex economic developments. His work focuses on macroeconomic policy, financial stability and corporate performance, turning technical issues into accessible narratives that inform both experts and everyday readers.
