Chai! Na serious matter wey dey happen o! US don turn table for trade matter with Naija. As e be, for di first ten months of 2025, dem record $1.45bn trade surplus for America side. Na wah!
According to di US Census Bureau, between January and October, US export goods wey dem send go Naija na $5.94bn while dem import wey dem collect from Naija na only $4.49bn. This one don bring positive balance wey be $1.447bn for Amerika side. E no be like before o, wey for 2024, US dey face $1.367bn deficit. Di change sweet well-well!
For October alone, di trade surplus for US don rise to $162m, after dem export $532m to Naija, while import wey dem carry come from Naija na $369m. Dis one don show say Naija dey chop belleful from di trade side!
Now, make I yarn you wetin happen from September go October. US imports from Naija drop down by $171m, about 31.7% wey show say things dey change. Exports from US to Naija still fall by $124m, which be 18.9%, but e be like say di sharper drop for imports don help am expand di US surplus. Na real work dis!
Comparing October 2024 wey US still dey gast $103m deficit with Naija, things don change come October 2025. Na $162m surplus wey dem get. Dis one no be small act o, because US exports to Naija don jump by $237m, wey be 80.3% different!
Speak about di overall picture, US exports to Africa don reach $34.08bn, but Nigeria don carry $5.94bn of dat one, meaning Naija dey collect about 17.4% of all di goods wey US dey send come Africa.
Naija dey shine like star for dis trade matter but dem get some wahala as well, abi you don forget di new tariff wahala? Wetin Trump dey plan no be joke o! He don increase Naija tariff from 14% to 15% since August 2025. E no dey easy!
But e be like say di government for Naija dey carry am head well. President Bola Tinubu don talk say dem no go fear Trump plan. E sabi sey di non-oil revenue dey grow for Naija, so dem go just dey push forward!
Industry Minister, Jumoke Oduwole, don yarn say Naija no go react anyhow. Dem dey focus on reform and dem dey build partnership with Africa and other countries like Brazil, China, and Japan. E go make sense if dem fit diversify di economy more.
Economists don talk say, make we no see di US tariffs as wahala, but rather as chance to expand. Some even dey suggest make Nigeria strike partnerships with BRICS and other countries wey dey face di same tariff wahala. Na so we go fit build resilience!
But di bigger wahala wey dey ground na visa matter. Di US visa policy dey limit how pipo fit travel and do business. Dis one fit affect investment for Naija long term, we gats shine our eye well!
All di hustle wey dey happen no be for nothing. Naija dey waka! Make dem continue to push make di non-oil exports dey grow.
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