Why Nigeria is not scared of what Donald Trump is doing says President Tinubu
Why Nigeria is not scared of what Donald Trump is doing says President Tinubu
President Bola Ahmed Tinubu says Nigeria has already surpassed its 2025 revenue target, crediting the achievement to strong performance in the non-oil sector.
Speaking on Monday at the State House in Abuja while receiving members of The Buhari Organisation (TBO) led by former Nasarawa State governor, Tanko Al-Makura, Tinubu said his administration had stabilised the economy despite global economic disruptions.
“We have met our revenue target for the year, and we met it in August. If non-oil revenue is going well, then we have no fear of whatever Trump is doing on the other side,” the president said.
The remark came against the backdrop of policies introduced by U.S. President Donald Trump, including pressure on the Organisation of Petroleum Exporting Countries (OPEC) to raise global crude production to lower prices.
In July, OPEC+ agreed to increase output by 548,000 barrels per day.
Trump also imposed sweeping global tariffs on April 2, including a 14 percent tariff on Nigerian imports, and later suspended duty-free treatment for all countries under the International Emergency Economic Powers Act (IEEPA).
Despite these measures, Nigeria’s trade with the U.S. has remained significant. According to the Observatory of Economic Complexity (OEC), Nigeria exported $6.29 billion worth of goods to the U.S. in 2023, with crude petroleum ($4.73 billion), petroleum gas ($920 million), and nitrogenous fertilisers ($167 million) among the top exports.
Tinubu assured that his administration would continue strengthening fiscal policies and driving non-oil revenue growth to shield the economy from external shocks.
