In October 2025 alone, the US posted a $162m trade surplus with Nigeria, exporting $532m worth of goods while importing $369m. Between September and October, US imports from Nigeria declined by $171m, or 31.7 per cent, while US exports to Nigeria fell by $124m, or 18.9 per cent. In October 2024, the US recorded a $103m trade deficit with Nigeria, exporting $295m and importing $398m. In October 2025, Nigeria alone accounted for roughly 15.6 per cent of US exports to Africa and 12.8 per cent of US imports from the region. “The bigger challenge for Nigeria’s trade relationship with the US is Washington’s visa policy.

Source: Punch January 26, 2026 00:20 UTC