President Bola Tinubu on Tuesday said his administration will remain resilient and has no fear of the trade policy direction of U.S. President Donald Trump, particularly tariffs targeting Nigerian exports.
Tinubu made the remarks when he received in audience members of The Buhari Organisation led by former Governor of Nasarawa State, Sen.
Tanko Almakura, who paid him a solidarity visit at the Presidential Villa in Abuja.
The President cited Nigeria’s current economic trajectory and growing non-oil revenues as buffers against external shocks.
Tinubu said, “If non-oil revenue is growing, then we have no fear of whatever Trump is doing on the other side.”
He highlighted Nigeria’s strengthened fiscal position, having met its 2025 revenue target as of August, and noted a stabilisation in the naira, which has appreciated to around N1,450 per dollar from a previous rate of N1,900 after he unified the exchange rates upon assuming office in May 2023.
President Trump’s second term has ushered in sweeping changes to U.S. trade policy, including the imposition of a 10 per cent baseline tariff on nearly all imports, alongside country-specific levies.
