President Bola Tinubu has dismissed concerns over Donald Trump’s tariff policy, insisting Nigeria’s non-oil revenue has surpassed targets despite U.S. trade measures
President Bola Tinubu has declared that Nigeria is shielded from the effects of Donald Trump’s tariff hikes, asserting that the country’s revenue performance has surpassed expectations. Speaking at the Presidential Villa in Abuja on Tuesday, Mr Tinubu said, “Today, I’m standing before you. I can brag that Nigeria is not borrowing a dime from a local bank. We have met our revenue target for the whole year; we met it in August, non-oil. If the non-oil revenue is doing well, then we have no fear of whatever Trump is doing.”
The president noted that the U.S. had imposed a 15 per cent tariff on Nigerian exports earlier this year but argued the economy had proven resilient. However, a recent National Bureau of Statistics report indicated the economy shrank in dollar terms due to the steep depreciation of the naira. Meanwhile, Foreign Affairs Minister Yusuf Tuggar disclosed that Nigeria rejected a U.S. request to accept Venezuelan prisoners, amid strained bilateral relations.
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