MAN: US Tariff Hike to Wipe Out N2trn from Nigeria’s Agric Exports
Says firms in EPZs targeting United States market to be worst hit Farouk Ahmed: Blame Trump’s inconsistent tariff policies for reduction in crude oil prices Reveals Nigeria recorded 67% drop in petrol imports
Deji Elumoye in Abuja and Dike Onwuamaeze in Lagos
Manufacturers Association of Nigeria
(MAN) said the 14 per cent tariff imposed on Nigerian exports to the United States of America (USA) by the President Donald Trump
administration would result in a loss of between N1 trillion and N2 trillion in Nigeria’s agricultural exports to the North American country.
Likewise, Chief Executive Officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed,
yesterday, blamed the recent slump in global crude oil prices on Trump’s inconsistent tariff policies. Ahmed said the renewed wave
of aggressive tariff policies rolled out by Trump since he assumed office in Continued on page 9
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World Bank Urges Nigeria to Maintain Momentum on Economic Reforms FG, states, LGs Share N1.578tn for March
Ndubuisi Francis in Abuja
The World Bank has stressed the need for Nigeria to maintain the momentum on its economic reforms
in order to achieve inclusive, jobcreating growth. World Bank highlighted the country’s position as its largest portfolio in Africa, with commitments
totalling around $17 billion. The bank’s advice came as the Federation Account Allocation Committee (FAAC) disbursed a total sum of N1.578 trillion, as
March 2025 Federation Account Revenue to the federal, state and local governments across the country. The global development institution applauded Nigeria’s recent Gross
Domestic Product (GDP) growth of 3.4 per cent — the strongest since 2014 — and commended the government’s progress in stabilising the economy and improving portfolio
performance. World Bank’s Vice President for Western and Central Africa, Ousmane Diagana, disclosed Continued on page 8
Shettima: We’re Building a Country for Workers El-Rufai: Tinubu’s Govt Worst in Nation’s History Kwankwaso: Perpetrators of Plateau killings must be brought to book Your days are numbered, IG Egbetokun reads riot act to marauding killers We’ve failed you, please forgive us, Mutfwang begs community Killings far from communal disputes, Jang maintains Northern CAN demands justice, Borno govt hosts Northern emirs for solution Deji Elumoye, Chuks Okocha, Emmanuel Addeh, Michael Olugbode, Linus Aleke in Abuja, John Shiklam in Kaduna, Seriki Adinoyi in Jos, Chinedu Eze in Lagos and Francis Sardauna in Katsina Vice-President Kashim Shettima, yesterday, reiterated the commitment of President Bola Tinubu towards fulfilling his administration’s promise to build a Nigeria, where members of the workforce could attain their full potential. To achieve this, Shettima said the administration was upskilling and reskilling the citizens in order to prepare them for both jobs that were available and those that were up ahead. Unfortunately, a former governor of Kaduna State, Nasir El-Rufai, thought otherwise when he described the government of President Tinubu as the “most corrupt, most intolerant and worst” in Nigeria’s history. El-Rufai, who spoke in an interview with some journalists in Katsina MonContinued on page 9
Sanwo-OLU inaugurates newly constructed Commercial Court at Tapa...
L-R: Honorable Admin Judges of the Lagos State Judiciary, Justice (Mrs) Modupe Nicol-Clay; Justice (Mrs) Olutoyin Ipaye; Attorney General/Commissioner for Justice, Mr Lawal Pedro, SAN; Governor of Lagos State, Mr. Babajide Sanwo-Olu and the State Chief Judge, Hon. Justice Kazeem Alogba, during the official inauguration of the newly constructed Lagos State Commercial Court at Tapa, Lagos Island, yesterday