FG Sets Up Committee to Assess Economic Impact of U.S. Tariff Measures
The Federal Government has initiated a coordinated response to recent U.S. tariff actions by establishing a sub-committee to assess their potential economic impact on Nigeria.
The development was confirmed in a statement signed by Mohammed Manga, Director of Information and Public Relations, Federal Ministry of Finance, dated April 11, 2025.
This decision followed a meeting of the Economic Management Team (EMT), chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The EMT convened earlier this week with key ministries and agencies to examine the fiscal and economic implications of the unfolding global trade developments.
The team focused on the recent tariff announcements by the United States Government and their possible ripple effects on Nigeria’s economy. Although crude oil—Nigeria’s main export—was not directly targeted, the EMT noted a concerning drop in global oil prices, which could affect national revenue.
To ensure evidence-based policymaking, the EMT formed a sub-committee comprising representatives from the Federal Ministry of Finance, the Ministry of Budget and Economic Planning (including the Budget Office of the Federation), and the Central Bank of Nigeria (CBN).
The sub-committee, which held its inaugural meeting this week, is expected to conduct a thorough analysis of both direct and indirect impacts of the new tariff measures as well as global commodity price shifts. It is tasked with delivering its findings to the EMT promptly to guide strategic economic decisions.
