Jumoke Oduwole, the Minister of Trade and Investment, clarified that Nigeria’s business and trade partnership with the US continues to be robust, even in light of President Trump’s global tariff regime.
During the ongoing World Economic Forum in Davos, Switzerland, she revealed this in a CNN interview.
She stated that the US continues to be a robust business ally for Nigeria, which led to the establishment of a commercial investment agreement between the two nations in June 2025.
He emphasized the importance of close collaboration between US businesses and their Nigerian counterparts.
“To be honest, we are still on the course. The US remains our strong strategic partner; we launched a commercial investment partnership in June last year. US businesses work closely with Nigerian businesses,” he said.
She emphasized that Nigeria has drawn both domestic and foreign investors to various sectors of the economy in recent years, thanks to an improved business environment.
The World Bank report projected that Nigeria’s economy will grow to 4.4 percent by 2026.
Nigeria’s gross domestic product increased to 3.98 percent in Q3 of 2025.
President Trump imposed a 15 percent tariff on Nigeria and other African countries in August.
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