Close Menu
    What's Hot

    Flashback Photos: Blogger Endy Edeson sworn in as Science Prefect of Rumuji College, Port Harcourt, photographed by Rev. Dr. SD Ojims

    March 15, 2026

    Rev. Dr. Simeon Dimkpa Ojims, founder of Rumuji/Port Harcourt Ojims College, dies at 94

    March 15, 2026

    How to check WAEC results via SMS

    March 14, 2026
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    News Board NG
    • Home
    • Politics
    • Naija news
    • World News
    • Health News
    • Tech News
    • Entertainment
      • Events
      • Music
    • Religion
    • Lifestyle
    • Education
    • Foods
    News Board NG
    Home»Events»U.S. government reveals key obstacles to trading and investment in Nigeria
    Events

    U.S. government reveals key obstacles to trading and investment in Nigeria

    tundeoyeyemi2002By tundeoyeyemi2002April 28, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    U.S. government reveals key obstacles to trading and investment in Nigeria

    The U.S. government pointed to the major stumbling blocks in Nigeria’s trade and investment.

    According to U.S. authorities, corruption is the main obstacle to preventing transactions and investments in Nigeria.

    The U.S. Trade Representative’s Office said in its latest 2025 National Trade Estimate Report that corruption and lack of transparency in the bidding process are major issues for U.S. companies.

    It said: “U.S. companies have difficulties in their daily operations due to officials’ requirements to “promote” payments.

    “Efforts to strengthen anti-corruption measures have been hampered by inter-religious infighting and partisan politics.

    “There are also questions about the ability of the Nigerian judicial system to achieve convictions and appropriately measure offenses.”

    Nigeria also blames the ongoing delay in import licenses for U.S. agricultural products, which U.S. authorities say is a long-standing trade barrier that hinders people’s access to Nigerian markets.

    According to the report, despite repeated efforts to secure market access, Nigeria has not taken action on several pending requests for importing food and agriculture from the United States.

    “Since 2019, the United States has been trying to import licenses for exporting U.S. food and agricultural products. Nigeria has been slow to approve these requests,” the U.S. National Trade Estimate report said.

    “Nigeria is not consistent in the implementation of technical regulations and sanitary and phytosanitary measures, which can cause confusion and disrupt compliance.

    “Nigeria retains the merger duties and other related import costs of 50% or more on 79 tariff lines.

    It added: “That includes 17 tariff lines, joint duties and other related import fees that meet or exceed the 70% limit set by Ecowas.”

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    tundeoyeyemi2002

    Related Posts

    Police arrest three suspected kidnappers, Ekiti’s armed robbers

    May 14, 2025

    Cristiano Ronaldo’s son makes his debut in 4-1 defeat to Japan’s Portugal

    May 13, 2025

    Amid arguments passing through the Lagos lounge, man slams @th in arguments

    May 13, 2025

    Comments are closed.

    Our Picks
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss

    Flashback Photos: Blogger Endy Edeson sworn in as Science Prefect of Rumuji College, Port Harcourt, photographed by Rev. Dr. SD Ojims

    Politics March 15, 2026

    Edson received his secondary education at Ojimes College, Rumji, Port Harcourt. He was appointed science…

    Rev. Dr. Simeon Dimkpa Ojims, founder of Rumuji/Port Harcourt Ojims College, dies at 94

    March 15, 2026

    How to check WAEC results via SMS

    March 14, 2026

    NYSC ETC Quick Cash Loan: How Corps Members Can Apply ₦50,000 – ₦100,000

    March 14, 2026
    Our Picks

    Flashback Photos: Blogger Endy Edeson sworn in as Science Prefect of Rumuji College, Port Harcourt, photographed by Rev. Dr. SD Ojims

    March 15, 2026

    Rev. Dr. Simeon Dimkpa Ojims, founder of Rumuji/Port Harcourt Ojims College, dies at 94

    March 15, 2026

    How to check WAEC results via SMS

    March 14, 2026
    Legal Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.