{"id":74822,"date":"2025-09-03T06:32:00","date_gmt":"2025-09-03T06:32:00","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=74822"},"modified":"2025-09-03T06:32:00","modified_gmt":"2025-09-03T06:32:00","slug":"tinubu-cites-economic-gains-says-nigeria-unshaken-by-trumps-tariffs","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/09\/03\/tinubu-cites-economic-gains-says-nigeria-unshaken-by-trumps-tariffs\/","title":{"rendered":"Tinubu Cites Economic Gains, Says Nigeria Unshaken by Trump\u2019s Tariffs"},"content":{"rendered":"<p><strong>By Onyeanya Ebere Immaculata<\/strong><\/p>\n<p>President Bola Tinubu on Tuesday said Nigeria is not threatened by the new U.S. trade tariffs introduced under President Donald Trump\u2019s administration, pointing to improved fiscal health, rising non-oil revenues, and ongoing reforms as buffers against external shocks.<\/p>\n<p>Speaking at the Presidential Villa in Abuja during a meeting with members of The Buhari Organisation led by former Nasarawa State Governor, Senator Tanko Almakura, Tinubu stressed: \u201cIf non-oil revenue is growing, then we have no fear of whatever Trump is doing on the other side.\u201d<\/p>\n<p>Trump\u2019s sweeping trade measures, which took effect on August 7, impose a 10% baseline tariff on most imports and an additional 15% country-specific levy on Nigerian exports.<\/p>\n<p>While oil and gas remain exempt, the new tariffs have already unsettled global energy markets in early 2025.<\/p>\n<p>Tinubu highlighted Nigeria\u2019s resilience, noting that the nation had already surpassed its 2025 revenue targets by August.<\/p>\n<p>He pointed to the naira\u2019s recovery from N1,900 to about N1,450 per dollar following his administration\u2019s unification of exchange rates in May 2023.<\/p>\n<p>He also emphasized the importance of agricultural reforms, particularly nationwide mechanisation, in tackling food insecurity and poverty.<\/p>\n<p>\u201cIf we remove hunger, we have defeated poverty,\u201d he said.<\/p>\n<p>The meeting, attended by northern APC leaders including Katsina State Governor Dikko Radda and former Governor Aminu Masari, was viewed as part of broader efforts to strengthen party unity ahead of the 2027 elections.<\/p>\n<p>Reflecting on the formation of the All Progressives Congress (APC), in 2013, Tinubu recalled a disagreement with the late President Muhammadu Buhari over the party\u2019s logo. \u201cWe disagreed to agree\u2026 He insisted on parliament, and I insisted on broom,\u201d Tinubu said with humor, referring to the broom symbol that eventually became the party\u2019s emblem of unity and collective action.<\/p>\n<p>The APC was formed through the merger of four opposition parties: the Action Congress of Nigeria (ACN), Congress for Progressive Change (CPC), All Nigeria Peoples Party (ANPP), and a faction of the All Progressives Grand Alliance (APGA).<\/p>\n<p>Tinubu, a central figure in the process, said the clash of political cultures, though challenging, ultimately laid the groundwork for the party\u2019s 2015 electoral victory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onyeanya Ebere Immaculata President Bola Tinubu on Tuesday said Nigeria is not threatened by the new U.S. trade tariffs introduced under President Donald Trump\u2019s administration, pointing to improved fiscal health, rising non-oil revenues, and ongoing reforms as buffers against external shocks. Speaking at the Presidential Villa in Abuja during a meeting with members of [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":74823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,172],"tags":[59],"class_list":["post-74822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=74822"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74822\/revisions"}],"predecessor-version":[{"id":74824,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/74822\/revisions\/74824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/74823"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=74822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=74822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=74822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}