FG’s New Sub-Committee to Evaluate U.S. Tariffs Effects

FG Establishes Sub-Committee to Assess U.S. Tariffs Impact

The Federal Government of Nigeria has established a sub-committee to evaluate the economic implications of the recent 14% U.S. tariffs imposed on Nigerian exports. This initiative follows a meeting of the Economic Management Team (EMT), led by Finance Minister Wale Edun, aimed at formulating a coordinated response to the new trade measures and associated global economic shifts .​

The sub-committee comprises representatives from the Federal Ministry of Finance, the Ministry of Budget and Economic Planning (including the Budget Office of the Federation), and the Central Bank of Nigeria (CBN).

Its mandate includes assessing the potential reduction in demand for Nigerian goods in the U.S. market, increased costs for exporters, and broader consequences for value chains connected to these goods. Additionally, the team will examine how these tariffs might affect Nigeria’s position in global trade .​

While Nigeria’s primary export—crude oil—has not been directly targeted by the new U.S. tariffs, the policy shift coincides with a dip in international oil prices, raising concerns over potential revenue and budgetary pressures. The sub-committee is expected to present its findings promptly to inform evidence-based policymaking and support strategies that shield the economy from external shocks .​