Nigeria has urged African countries to be resilient over the retaliatory tariff regimes some countries have imposed following the new trade policies introduced by United States (U.S.) President Donald Trump.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who spoke for the country, described the tariffs as call for the deepening of intra-African trades.
Speaking at the 4th World Customs Organisation Donors Conference for West and Central Africa Region in Abuja, the minister said the consequences of the new tariff regime were still being studied all over the world.
The conference theme is “The Mobilisation of Partners Around Priority Projects in the WCO- WCA Region.”
Edun said: “Now, we have the reciprocal tariff regime consequences which are unfolding and being studied by one and all over the world. But, this is a lesson for us that we need to trade among ourselves. We need to be resilient.”
He reminded the region of the need to be mindful of the emerging challenges threatening its collective progress for greater integration and prosperity.
