• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, October 18, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Raises Concerns Over Trump’s Order On Taxes, Tariffs For Foreign Countries

by Ruth Nwokwu
9 months ago
in Foreign News, News
Nigeria Raises Concerns Over Trump's Order On Taxes
Share on WhatsAppShare on FacebookShare on XTelegram

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has expressed concerns over the declaration by the newly inaugurated United States President Donald Trump to establish an external revenue service to impose taxes and tariffs on foreign countries.

Advertisement

LEADERSHIP recalls that Trump stated this during his inauguration speech on Monday, announcing the creation of an external revenue service to collect tariffs from foreign countries exporting goods to the United States.

“I will immediately begin the overhaul of our trade system to protect American workers and families. Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens.

Advertisement

RELATED: Trump Administration Sued Over Day 1 Order To End Birthright Citizenship

“For this purpose, we are establishing the external revenue service to collect all tariffs, duties, and revenues. It will be massive amounts of money pouring into our treasury, coming from foreign sources. The American dream will soon be back and thriving like never before, to restore competence and effectiveness to our federal government,” Trump stated.

Reacting to Trump’s statement on his X (formerly Twitter) handle, Oyedele noted that this move could disrupt international trade and further complicate the already complex global tax system.

“Today (June 20), the 47th President of the United States, Donald J. Trump, announced plans to establish an External Revenue Service to impose tariffs and taxes on other countries.

RELATED NEWS

Africa’s Women Miners Told To Compete Less, Collaborate More

Kebbi Govt, China Partner Against Lakurawa Bandits

Katsina Commissioner Seeks Review of Students’ Feeding Cost

Nigeria Positioned To Anchor Africa’s New Trade Order — Shettima

“This move could disrupt international trade and further complicate the already complex global tax system, highlighting the importance of our ongoing tax reforms,” Oyedele said.

Regarding how Nigeria can mitigate the impact of this development on its economy, Oyedele emphasised the need for a revamped tax system.

“By revamping our tax system, we can better navigate potential challenges and seize any opportunities this development may present,” he added.

Join Our WhatsApp Channel

SendShare10184Tweet6365Share

OTHER NEWS UPDATES

Africa’s Women Miners Told To Compete Less, Collaborate More
News

Africa’s Women Miners Told To Compete Less, Collaborate More

9 seconds ago
Kebbi Govt Releases N585m For Indigent Students Abroad
News

Kebbi Govt, China Partner Against Lakurawa Bandits

4 minutes ago
Killings In Katsina
News

Katsina Commissioner Seeks Review of Students’ Feeding Cost

5 minutes ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Africa’s Women Miners Told To Compete Less, Collaborate More

9 seconds ago

Kebbi Govt, China Partner Against Lakurawa Bandits

4 minutes ago

Katsina Commissioner Seeks Review of Students’ Feeding Cost

5 minutes ago

Nigeria Positioned To Anchor Africa’s New Trade Order — Shettima

6 minutes ago

We Must Combine Political Will With Military Action To End Insecurity — Speaker Abbas

6 minutes ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.