The Centre for the Promotion of Private Enterprise (CPPE) has stated that the United States' decision to maintain a 12.5% tariff on Nigerian imports is unlikely to inflict significant damage on the country's economy.
The assessment marks a notable shift in tone from the organization's previous policy brief, which had warned of severe economic and humanitarian fallout stemming from the same trade measure.
The CPPE's latest position suggests that the immediate macroeconomic shock from the tariff may be contained, potentially easing concerns among investors monitoring trade policy risks in West Africa.
While the levy remains in place, the think tank's revised outlook implies that structural factors or limited export exposure to the US market may be buffering the broader economy against the direct impact of the duty.
This development adds nuance to the ongoing debate over the US trade policy's reach into emerging markets.
Earlier reports highlighted the CPPE's alarm over potential inflationary pressures and supply chain disruptions, particularly in the food sector, which the group has previously identified as a primary obstacle to price stability in Nigeria.