The sudden 41% plunge in US imports of Nigerian goods has sent shockwaves through the country’s trade community, but experts say the slump may be the wake-up call Nigeria needs.
Fresh data from Washington shows imports crashed from $639m in June to just $379m in July 2025. While crude oil remains somewhat protected, non-oil exports are taking a direct hit from President Trump’s new tariff regime, which raised duties on Nigerian goods to 15%.
For years, Nigeria has leaned heavily on crude shipments to power its US trade surplus. Now, economists warn that overdependence on oil leaves the country vulnerable. “We should see this as a blessing in disguise,” said Dr. Aliyu Ilias of CSA Advisory. “It forces us to deepen diversification and build new partnerships with Asia, Africa, and Latin America.”
Government officials insist Nigeria won’t retaliate but will push ahead with reforms, AfCFTA opportunities, and non-oil expansion—where exports already grew 24% in Q1. The tariff shock may sting in the short term, but it could also accelerate a much-needed reset of Nigeria’s external trade model.
