President Bola Tinubu’s led administration has constituted a committee to review the effects of international tariff regimes and shifts in global commodity prices.
The Economic Management Team chaired by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, inaugurated the sub-committee to handle the assignment sparked by US imposition of a 14 percent tariff on certain Nigerian exports.
This was contained in a statement on Friday by director of Information and Public Relations at the ministry, Mohammed Manga.
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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.
He said: “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.
“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).”
Recall that on April 2, 2025, US President, Donald Trump announced sweeping global tariffs on all imports into the country, including Nigeria.
