FG Sets Up Committee Over New US Tariffs

The Nigerian government has set up a sub-committee to evaluate the possible economic impact of the recently increased trade tariff imposed by the United States government.

The decision came after a meeting of the Economic Management Team (EMT) chaired by Wale Edun, the minister of finance and coordinating minister of the economy.

This was disclosed via a statement issued on Friday statement by the director of information and public relations at the ministry, Mohammed Manga.

Recall that on April 2, US President Donald Trump announced sweeping global tariffs on all imports into the country, including Nigeria.

In response, Edun said Nigeria is well-positioned to withstand global trade disruptions, including the United States’ import tariffs.

Manga explained that the EMT held a meeting earlier this week with important ministries and agencies to examine how these new trade policies might affect Nigeria’s economy and finances.

“To support evidence-based policymaking, the EMT has established a sub-committee tasked with conducting a detailed review of the direct and indirect economic impacts of both the emerging tariff measures and the global commodity price shifts,” Manga said.

“The sub-committee includes representatives from the Ministry of Finance, Ministry of Budget and Economic Planning (including the budget office of the Federation), and the Central Bank of Nigeria (CBN).”

Manga added that the sub-committee has already held its first meeting and will present its findings to the full EMT soon.