• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Donald Trump presidency’s likely impact on Nigeria  

Olumide Adesina by Olumide Adesina
November 7, 2024
in Business News, Politics
Donald Trump’s net worth rises to all-time high as stocks rise

Donald Trump

Share on FacebookShare on TwitterShare on Linkedin

Donald Trump’s return to the White House sparked many reactions across the African continent, including in Nigeria.

Nigeria’s President, Bola Tinubu, went out of his way to send his best wishes to Donald Trump on his re-election as President of the U.S., marking him as the 47th person to hold the position.

President Tinubu expressed high hopes for enhanced synergy between the two countries, particularly as both face a range of global challenges.

RelatedStories

Bitcoin

Bitcoin blasts past $124K for the first time amid U.S. retirement and treasury push 

August 14, 2025
Latest crude oil price drop threatens Nigeria’s revenue and naira stability 

Nigerian crude stable as Trump accuses India of buying Russian crude 

August 5, 2025

“There are global challenges that affect us all. We can respond to these challenges in a way that promotes peace, economic cooperation, and development,” he said.

Nigeria has been affected by Donald Trump’s presidency in several ways, including:

Public Opinion:

  • Trump’s approval ratings in Nigeria are low, despite his bluntness. Many Nigerians are opposed to his anti-immigration policies and were offended by his reference to “shithole nations.”
  • However, Trump did acknowledge Nigeria’s importance in Africa. For instance, he made President Muhammadu Buhari his first African leader to call in 2017.
  • Additionally, Buhari was the first African leader invited to the White House during Trump’s presidency.
  • Trump’s support for conservative principles, such as opposing abortion and emphasizing Christian issues, which resonate with Nigeria’s religious communities, was valued by some Nigerians.

Trade and Investment:

During his first term, Nigeria saw some gains from Trump’s transactional foreign policy. The country may benefit from increased trade or investment, particularly in industries like oil and gas, if those align with U.S. interests.

  • However, given the unpredictability of the global trade environment, Trump’s protectionist “America First” stance may have discouraged some direct investments in Nigeria.
  • On the positive side, his administration backed Nigeria’s purchase of military planes to combat Boko Haram, which was seen as a step forward in security cooperation.
  • Nigerians were also directly impacted by the stricter immigration laws enforced by the Trump administration. These included limitations on the diversity visa lottery, which made it more difficult for Nigerians to immigrate to the U.S.
  • On January 31, 2020, Trump issued an executive order imposing new restrictions on U.S. entry for citizens of several countries, including Nigeria, Africa’s most populous nation.

Oil Prices: Trump’s policies aimed at boosting domestic oil production in the U.S. led to an oversupply of oil globally, contributing to a decline in oil prices.

Nigeria, which is heavily dependent on oil exports, felt the strain of reduced revenues.

However, if domestic refining capacity such as Dangote’s refinery—is used efficiently, this could also result in cheaper fuel imports or local refining, providing some benefit.

Bilateral and Diplomatic Relations: Although Trump’s foreign policy was generally less interventionist than those of previous administrations, which some Nigerians interpreted as less support or interest in African affairs, the relationship between Nigeria and the United States did not undergo significant changes.

Global Influence: Trump’s foreign policy, particularly his focus on countering China’s and Russia’s influence in Africa, may have had an indirect impact on Nigeria. The shifting balance of global power could offer Nigeria more freedom to act independently or cooperate with other nations of interest.

Security and Military Cooperation:

  • The Buhari administration welcomed the military assistance provided by the Trump administration to help fight Boko Haram.
  • However, there were complaints about the effectiveness of this aid due to concerns over human rights issues.
  • Trump’s administration also maintained support for Nigeria’s counterterrorism efforts, which could contribute to enhancing regional security in West Africa.

Conclusion:

Trump’s presidency had a complex impact on Nigeria, with economic challenges due to lower oil prices, restrictive immigration policies, and mixed results in security cooperation.

His diplomatic stance, which may have pushed Nigeria toward more self-reliance, also played a role in shaping the relationship.

While the effects were not uniform, opinions on the impact of his presidency in Nigeria varied widely.


Follow us for Breaking News and Market Intelligence.
Tags: Donald TrumpNigeriaUSA
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Bitcoin
Cryptos

Bitcoin blasts past $124K for the first time amid U.S. retirement and treasury push 

August 14, 2025
Latest crude oil price drop threatens Nigeria’s revenue and naira stability 
Commodities

Nigerian crude stable as Trump accuses India of buying Russian crude 

August 5, 2025
Trump halts tariff hikes on most trade partners, raises China duties to 125% 
Economy

Trump imposes 25% tariff on India over Russian arms and energy purchases 

July 30, 2025
U.S. and EU seal trade deal, agree on 15% tariffs to avert escalating trade war 
Economy

U.S. and EU seal trade deal, agree on 15% tariffs to avert escalating trade war 

July 27, 2025
President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 
Economy

President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 

July 14, 2025
Trump halts tariff hikes on most trade partners, raises China duties to 125% 
Economy

Trump threatens 35% tariff on Canada over fentanyl and trade retaliation 

July 11, 2025
Next Post
We are expecting $50 billion investment boost in Nigeria oil sector – Minister  

Minister says Shell, ExxonMobil, others not exiting Nigeria amid concerns around divestment deals 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
nairametrics
Emple
Palmpay
first bank








DUNS

Recent News

  • Lagos rental households stuck at 1.38 million for 9 years despite population surge – Report
  • FG approves N90 billion for Bwari, Karu water projects in Abuja 
  • Nigerian Breweries tops trading value as All-Share Index sheds 2,109 points 

Follow us on social media:

Recent News

House rents in Lagos skyrocket by over 100% as household incomes stall

Lagos rental households stuck at 1.38 million for 9 years despite population surge – Report

August 19, 2025
Builders Association accuses Wike of approving demolition of N200 billion worth of properties without court order 

FG approves N90 billion for Bwari, Karu water projects in Abuja 

August 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics