Nigeria and the United States have affirmed their strong trade ties despite the evolving tariff landscape. The Federal Ministry of Industry, Trade, and Investment, led by the Minister Dr. Jumoke Oduwole, held a pivotal meeting with the outgoing U.S. Ambassador Richard M. Mills Jr. and the incoming U.S. Consul General to Nigeria, Rick Swart.

In a statement signed by the Director Press Public Relation. Dr.  Adebayo Thomas, both countries emphasized their commitment to strengthening trade ties, with the U.S. expressing support for Nigeria’s economic reforms.

Dr. Oduwole acknowledged that Nigeria’s tariff on trade with the United States has moved from 14% to 15%, clarifying that despite this adjustment, Nigeria remains a favorable environment for U.S. investors. She emphasized the scale of duty-free machinery, equipment, and services entering Nigeria from the U.S., underlining the mutually beneficial nature of this commercial exchange.

She highlighted the ongoing business-to-business engagements stemming from the commercial investment partnership launched on June 24th, which continue with momentum and are set to culminate in a ministerial meeting on November 20th. This underscores the enduring relationship between both nations and their shared commitment to economic collaboration.

Dr. Oduwole reiterated Nigeria’s dedication to advancing food sovereignty, digital trade, and competitiveness under President Bola Ahmed Tinubu’s “Nigeria First Policy and Intervention” initiative. She noted that recent monetary, fiscal, and trade reforms have yielded measurable results in stabilizing the economy and setting it on a growth trajectory.

In his remarks, Ambassador Richard M. Mills Jr. reaffirmed the United States’ goal to deepen its trade relationship with Nigeria—Africa’s largest commercial market—highlighting the substantial U.S. investments already present. He noted that the incoming Consul General, Rick Swart, would play a vital role in furthering this agenda.

The incoming Consul General, Rick Swart echoed this sentiment, pledging to advance the principles of free and fair trade that benefit businesses on both sides. He reaffirmed the U.S. government’s commitment to expanding investment and trade opportunities with Nigeria, in alignment with broader strategic goals from Washington.

The meeting concluded on a note of mutual respect and forward-looking optimism, as both countries look to build on their long-standing commercial relationship with renewed energy and aligned priorities.