adplus-dvertising
Business News

Donald Trump presidency’s likely impact on Nigeria  

WATCH THE VIDEO HERE

Donald Trump’s return to the White House sparked many reactions across the African continent, including in Nigeria.

Nigeria’s President, Bola Tinubu, went out of his way to send his best wishes to Donald Trump on his re-election as President of the U.S., marking him as the 47th person to hold the position.

President Tinubu expressed high hopes for enhanced synergy between the two countries, particularly as both face a range of global challenges.

“There are global challenges that affect us all. We can respond to these challenges in a way that promotes peace, economic cooperation, and development,” he said.

Nigeria has been affected by Donald Trump’s presidency in several ways, including:

During his first term, Nigeria saw some gains from Trump’s transactional foreign policy. The country may benefit from increased trade or investment, particularly in industries like oil and gas, if those align with U.S. interests.

Oil Prices: Trump’s policies aimed at boosting domestic oil production in the U.S. led to an oversupply of oil globally, contributing to a decline in oil prices.

Nigeria, which is heavily dependent on oil exports, felt the strain of reduced revenues.

However, if domestic refining capacity such as Dangote’s refinery—is used efficiently, this could also result in cheaper fuel imports or local refining, providing some benefit.

Bilateral and Diplomatic Relations: Although Trump’s foreign policy was generally less interventionist than those of previous administrations, which some Nigerians interpreted as less support or interest in African affairs, the relationship between Nigeria and the United States did not undergo significant changes.

Global Influence: Trump’s foreign policy, particularly his focus on countering China’s and Russia’s influence in Africa, may have had an indirect impact on Nigeria. The shifting balance of global power could offer Nigeria more freedom to act independently or cooperate with other nations of interest.

Trump’s presidency had a complex impact on Nigeria, with economic challenges due to lower oil prices, restrictive immigration policies, and mixed results in security cooperation.

His diplomatic stance, which may have pushed Nigeria toward more self-reliance, also played a role in shaping the relationship.

While the effects were not uniform, opinions on the impact of his presidency in Nigeria varied widely.

WATCH FULL VIDEO

WATCH THE VIDEO HERE