US tariffs may spur local production, AfCFTA push – Analysts

Market watchers have said that the Federal Government may need to drive the pace of local production and participation in the African Continental Free Trade Agreement following the imposition of a 14 per cent tariff on exports from Nigeria to the United States of America.

Last Wednesday, US President Donald Trump announced the tariff as part of broader trade measures affecting 185 countries. Nigeria, whose key exports to the U.S. include crude…