The US Commerce Consultant (USTR) has criticised Nigeria’s continued import restrictions on 25 classes of products, warning that the coverage is hampering entry for American exporters and inflicting income losses.
In an announcement posted on its X deal with on Monday, April 7, the company mentioned the ban, which incorporates gadgets corresponding to beef, pork, poultry, fruit juices, medicaments, and alcoholic drinks, was a serious impediment for US companies working in Nigeria’s market.
“Nigeria’s import ban on 25 totally different product classes impacts U.S. exporters, notably in agriculture, prescription drugs, drinks, and shopper items,” the USTR said.
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“Restrictions on gadgets like beef, pork, poultry, fruit juices, medicaments, and spirits restrict U.S. market entry and cut back export alternatives. These insurance policies create important commerce limitations that result in misplaced income for U.S. companies trying to broaden within the Nigerian market.”
The remarks got here simply days after President Donald Trump imposed new tariffs on overseas items coming into the US, with Nigerian exports now dealing with a 14 per cent obligation.
Nigeria’s ban was first launched in 2016 to curb import dependency and encourage native manufacturing. Merchandise coated by the restriction embody sugar, cocoa merchandise, spaghetti, beer, refined vegetable oil, and a few drugs.
In an additional transfer to advertise self-reliance, the Federal Authorities on March 26 introduced its determination to halt photo voltaic panel imports to assist home clear vitality manufacturing.
