Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Nigeria’s Economy ‘Stabilized’ Under Tinubu
    Commodities

    Nigeria’s Economy ‘Stabilized’ Under Tinubu

    August 8, 20253 Mins Read


    The Minister of Industry, Trade and Investment, Jumoke Oduwole, has said Nigeria’s economy remains on a steady growth trajectory, driven by ongoing reforms and growing investor confidence, despite the United States’ decision to impose a 15 per cent tariff on Nigerian exports.

    Speaking in an interview with CNN on Thursday, Oduwole said the country would stay focused on diversifying its markets and strengthening domestic investment in line with President Bola Tinubu’s economic agenda.

    Naija News reports that the new tariff, announced by US President Donald Trump, will take effect at midnight (Eastern Time).

    Trade between both countries remains largely balanced, with the US exporting $4.3bn worth of goods to Nigeria last year while importing mainly crude oil, fertiliser and other commodities from Africa’s largest economy.

    “Even the toughest critics would agree that President Bola Tinubu has stabilised the economy. Monetary, fiscal and trade policies are now aligned to deliver value for investors,” Oduwole noted on Thursday.

    In response to President Trump’s declaration, she stated that Nigeria would not respond hastily to the tariff but would instead press ahead with reforms and market expansion.

    “Nigeria remains responsive; we’re not reacting. We’re focused on our eight-point agenda of President Bola Tinubu. We will continue to support domestic investors and expand market access for Nigerian businesses,” she said.

    While describing the US as a strategic trading partner, the minister said the government was deepening its African Continental Free Trade Area integration strategy and boosting non-oil exports, which rose by 24 per cent year-on-year in the first quarter of 2025.

    “It’s mostly an energy trading relationship, but we are waiting to see what happens with AGOA in September.

    “We are also growing exports to other African countries and expanding partnerships with Brazil, China, Japan and the UAE,” she added.

    Oduwole noted that Nigerian fertiliser, lead, cocoa and other commodities are in high demand in emerging markets. She said the government’s commercial investment programme, launched in June, is targeting infrastructure, agriculture and digital trade.

    She listed recent reforms, including foreign exchange market stabilisation, removal of fuel subsidy, and a major tax infrastructure overhaul slated for early 2026, as measures aimed at strengthening investor confidence.

    While acknowledging that the tariff could reshape global trade flows, Oduwole said Nigeria would seize the opportunity to boost South–South trade and diversify its export destinations.


    © 2025 Naija News, a division of Polance Media Inc. Contact us via [email protected]



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Platonic, South Park, Twisted Metal, Sistas and More

    Commodities

    Stock Market: Where to Invest for Biggest Buying Opportunity: Morgan Stanley

    Commodities

    Audu Ogbeh: The former minister who tried to replant Nigeria’s agricultural future

    Commodities

    Farming in the Future: Securing Britain’s Agri-Future

    Commodities

    India mulls setting up mineral and metal trading exchange, opens door for full mine sales

    Commodities

    Moment pro-Palestine protester loudly bangs metal pot at Met Police officer – forcing him to shield his ears

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Property

    Does a pool still add value to French property despite water restrictions?

    Cryptocurrency

    Government Set to Release Cryptocurrency Policy Paper Amid Industry Uncertainty

    Commodities

    Cedric Stephens | Designing a resilient agricultural sector a welcome move | Business

    Editors Picks

    CPW gives up on finding fifth wolf pup after 19 nights

    October 11, 2024

    Stock market today: Dow logs longest losing streak since 1978 as stocks slide ahead of Fed decision – Yahoo Finance

    December 17, 2024

    Indian Real Estate Investments Plummet 42% Yearly but Surge 122% Quarterly in Q2 2025, ET RealEstate

    July 7, 2025

    MTV Is Going Metal Again With Their New Metal Thrashing Madness Series

    July 14, 2024
    What's Hot

    Silver Dominates Investor Interest in New Lear Capital Survey

    August 8, 2025

    CBSL warns public against misleading overseas property investment ads – The Island

    June 20, 2025

    The Quiet Rise Of The World’s New Money Standard

    April 22, 2025
    Our Picks

    Russia set to start using cryptocurrencies for international trade

    August 28, 2024

    À quand le retour du logo des Finals sur le parquet ? • Basket USA

    June 7, 2025

    Siddaramaiah asks Andhra CM to revoke ban on Karnataka’s Totapuri mangoes | Latest News India

    June 11, 2025
    Weekly Top

    Farming in the Future: Securing Britain’s Agri-Future

    August 10, 2025

    India mulls setting up mineral and metal trading exchange, opens door for full mine sales

    August 10, 2025

    Moment pro-Palestine protester loudly bangs metal pot at Met Police officer – forcing him to shield his ears

    August 10, 2025
    Editor's Pick

    A guide to how investors buy gold and what drives the market

    April 11, 2025

    L’avenir de la Fintech et de l’IA entre la France et l’Italie

    June 18, 2025

    3 High-Yield Dividend Stocks I Can’t Wait to Buy to Boost My Passive Income

    February 13, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.