CHIKUN/KAJURU REP, HON. FIDELIX BAGUDU, ANNOUNCES NEW APPOINTMENTS TO STRENGTHEN INCLUSIVE GOVERNANCE. (PHOTO).
...May Slash N2tn in Annual Agric Exports
The Manufacturers’ Association of Nigeria (MAN) has raised concerns over the U.S. tariff hike on Nigerian exports, warning it could derail the 2025 budget and undermine Nigeria’s gains under the AfCFTA.
MAN DG, Segun Ajayi-Kadir, said the 14% levy on Nigerian goods could slash up to N2 trillion in agricultural export earnings annually, particularly affecting products like cocoa derivatives, sesame, and ginger.
He warned that the tariffs jeopardize years of progress in value-added manufacturing, reduce competitiveness in U.S. markets, and may force exporters back to raw material trade — a blow to Nigeria’s industrialisation drive.
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