US-China tariff tensions risk flooding Nigeria with cheap Chinese goods, undercutting local entrepreneurs. Sectors like textiles, furniture, footwear, and cosmetics—key to Nigeria’s job creation and GDP—could suffer as Chinese firms redirect exports. Nigerian businesses face structural challenges: weak infrastructure, high inflation, volatile exchange rates, and limited access to affordable finance. These issues reduce competitiveness and resilience. Broad tariffs may not help; targeted policies and strategic investment are needed. Entrepreneurs must pivot—identifying niche markets, improving service, innovating, diversifying supply chains, and exploring intra-African trade—to withstand rising import pressure and global volatility.
Saturday, June 21, 2025 - 22:45:23
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