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US tariffs won’t have much effect on Nigeria – FG

Published
2 weeks agoon
By
Ekwutos Blog
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the recent 14 percent tariff imposed by the United States on Nigerian exports will have minimal impact on the Nigerian economy.
Edun made these comments during the inaugural Corporate Governance Forum organized by the Ministry of Finance Incorporated in Abuja on Monday. While acknowledging the seriousness of rising global tariff disputes, Edun emphasized that Nigeria remains largely shielded from significant effects, given that oil and mineral exports—Nigeria’s major exports to the U.S.—are exempt from the new tariffs.
He pointed out that the 14 percent tariff is relatively moderate compared to the 46 percent tariff imposed on Vietnam and the 34 percent on China. “Nigeria’s exports to the U.S. were N1.8 trillion, N2.6 trillion, and N5.5 trillion in 2022-2024, respectively. Fortunately, oil and mineral exports made up 92 percent, amounting to N5.08 trillion, while non-oil exports were only N0.44 trillion. Therefore, the impact of the tariff on exports is minimal if we maintain our oil and mineral export volumes,” Edun explained.
Despite his optimism, Edun acknowledged that the government’s economic management team is closely monitoring the evolving global situation. “We are revisiting the budget to examine the changes in assumptions that were used in its creation, considering the realities of the first quarter and future projections,” he added.
The 14 percent tariff imposed by U.S. President Donald Trump on Nigerian exports poses a significant risk to Nigeria’s $10 billion annual exports to the U.S., particularly threatening key sectors like agriculture, with experts and trade associations expressing concerns over the possibility of a global trade war.
According to the National Bureau of Statistics, Nigeria’s trade with the U.S. reached a total of N31.1 trillion between 2015 and 2024. A breakdown of the foreign trade report reveals that N16.4 trillion was recorded as exports, while imports amounted to N14.71 trillion, resulting in a trade surplus of N1.64 trillion.
The data showed that Nigeria’s exports to the U.S. were valued at N344.27 billion in 2015, N1.03 trillion in 2016, and N1.73 trillion in 2017. Exports continued to rise, reaching N1.82 trillion in 2022, N2.61 trillion in 2023, and N5.52 trillion in 2024. However, there was a notable dip in 2020, with exports falling to N382.19 billion due to the pandemic.
Earlier, the Federal Government acknowledged that several of Nigeria’s oil and non-oil exports would face challenges as a result of the new U.S. tariffs. The tariff could potentially undermine the competitiveness of Nigerian products in the U.S. market, a concern raised by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, in a statement on Sunday.
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Simon Ekpa Faces Justice: Finnish Court Approves Extradition to Nigeria

Published
1 hour agoon
April 23, 2025By
Ekwutos Blog
In a pivotal development with far-reaching implications for regional security and international justice, Finnish authorities have approved the extradition of Simon Ekpa, the controversial Finnish-Nigerian separatist agitator, to Nigeria. The transfer is scheduled for July 15, 2025, following the ruling of the Päijät-Häme District Court in Lahti on April 18, 2025.
Ekpa, who has long styled himself as the “Prime Minister” of the self-declared Biafra Republic Government-in-Exile, has been a central figure in the resurgence of violent separatist rhetoric. Contrary to persistent reports in Nigerian media and some government statements, Simon Ekpa is not affiliated with the Indigenous People of Biafra (IPOB), which has repeatedly disassociated itself from him. IPOB maintains that it has no factions and does not recognize Ekpa’s authority or activities.
Instead, Ekpa leads a self-formed group known as “Autopilot,” and has been linked to a criminal armed wing referred to as the Biafra Liberation Army (BLA)—a network accused of k@dnappings, ass@ssinations, and enforcing violent “sit-at-home” orders in Nigeria’s southeast. Critics argue that labeling him as part of IPOB is both misleading and dangerous, as it conflates a non-violent group with violent extremists.
“We don’t understand why the Nigerian government and media continue to tag him as a leader of a faction of IPOB. That is pure misinformation and deceptive,” an IPOB spokesperson stated. “Simon Ekpa runs his own network of cr@minals and k@dnappers, and his actions have nothing to do with the actual Biafran struggle or IPOB’s ideology of non-violence.”
Ekpa was arrested in Lahti, Finland, in November 2024 after months of surveillance and investigation. He is accused by Finnish police of inciting violence from abroad using social media broadcasts, which allegedly led to attacks on civilians and Nigerian security forces. Four other suspects were also detained in connection with financing and facilitating his activities.
The Nigerian government, which has sought his extradition since early 2023, hailed the court’s decision as a breakthrough. A senior official from the Ministry of Defence called it “a triumph for justice and a stern warning to those who think they can destabilize Nigeria from foreign soil.”
Ekpa’s extradition was not without legal challenges. Finland traditionally does not extradite its citizens outside the EU or Nordic region. However, after Nigeria presented compelling evidence under the Rome Statute—ratified by both nations—a rare agreement was reached. Finnish authorities emphasized that the ruling complied with international law and due process.
Upon his arrival in Nigeria, Ekpa is expected to face multiple charges including terr@rism, conspiracy, incitement of v@olence, and crimes against the state. His case will likely be one of the most closely watched in recent Nigerian legal history, with domestic and international human rights groups expected to monitor the proceedings.
Source: Wise Igbo Man
News
Uzodimma commissions Zion Ministry’s Orphanage and Old Peoples Home in Imo ….Guarantees security, logistics.

Published
11 hours agoon
April 22, 2025By
Ekwutos Blog
Imo State Governor, Senator Hope Uzodimma, has commissioned the Zion Ministry’s Orphanage and Old People’s Home in Mgbirichi, Ohaji Egbema Local Government Area.
The Governor encouraged investors to take advantage of Imo’s safe and secure environment, promising support for businesses.
Ekwutosblog reported that Gov. Uzodimma commended Evangelist Chukwuebuka Obi, Spiritual Director of Zion Ministries, for his initiative to care for vulnerable members of society. He urged Obi to consider building factories and schools to generate employment for youths.
The Orphanage and Old People’s Home aims to provide a safe space for the vulnerable and foster community engagement. Evangelist Obi expressed gratitude to the Governor for his support and infrastructure development in the State.
The event drew notable attendees, including Senator Osita Izunaso, members of the State House of Assembly, and traditional rulers. Rev. Fr. Paul Obayi praised Obi’s vision for attracting projects to Imo State.
Oguwike Nwachuku
Chief Press Secretary/ Special Adviser Media
April 22, 2025.
News
US moves to slap new duties on solar imports from Asia

Published
17 hours agoon
April 22, 2025By
Ekwutos Blog
The United States has announced a move to slap tariffs of up to 3,521 percent on solar panels from Southeast Asia, a move aimed at countering alleged Chinese subsidies and dumping in the sector.
The tariffs on companies from Cambodia, Thailand, Malaysia and Vietnam will still need to be ratified at a meeting of the International Trade Commission in June.
The decision, which was unveiled on Monday, comes after anti-dumping and countervailing duty investigations filed around a year ago by several US and other solar manufacturers.
Those companies took aim at unfair practices that were said to have weighed on the US domestic solar market, particularly raising concern over Chinese-headquartered companies operating out of the Southeast Asian countries.
While the move came after a year-long investigation, it is said to have followed on the heels of US President Donald Trump launching blistering trade wars through tariffs around the globe.
Trump’s tariffs, which have seen the White House impose eye wateringly high levies before suspending some of them to allow for negotiations, are aimed at reducing US trade imbalances.
According to the statement by the Commerce Department, the new recommended tariffs on solar cells, however, were taking specific aim at “transnational subsidies.”
“In the CVD investigations involving Cambodia, Malaysia, Thailand, and Vietnam, Commerce found that companies in each country were receiving subsidies from the Government of China,” the statement said, referring to countervailing duty probes.
“These are among the first CVD investigations wherein Commerce has made an affirmative finding that companies received transnational subsidies,” the statement said.

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