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TRADE WAR! U.S. angry over Nigeria’s import ban on 25 products

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By Kayode Sanni-Arewa

The country’s reaction comes at a time when tensions are rising over its sweeping tariffs imposed on several countries.

Nigeria’s import ban on 25 different product categories impacts U.S. exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods, the United States Trade Representative said in a statement on Monday.

According to the statement posted on its X platform, Nigeria’s restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit U.S. market access and reduce export opportunities.

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“These policies create significant trade barriers that lead to lost revenue for U.S. businesses looking to expand in the Nigerian market.

The country’s reaction comes at a time when tensions are rising over its sweeping tariffs imposed on several countries.

Last week, the Trump administration imposed various tariffs ranging between 10 per cent and 65 per cent on different countries across the world, including Nigeria which got a 14 per cent tariff on its exports to the United States.

Nigerian stocks on Monday recorded their biggest drop in recent times following the impact of U.S President Donald Trump’s tariffs on global trade markets.

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Investors lost about N659 billion at the close of trading after the Nigerian Exchange’s All Share Index (ASI) decreased by 1.23 percent, its biggest single-day decline this month.

Stocks like Oando and Honeywell Flour Mills helped to push the market lower. Oando decreased the most, from N42 to N37.80, down by N4.20 or 10 percent, while Honeywell dropped from N11.32 to N10.19, losing N1.13 or 9.98 percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from the preceding day’s 105,511.89 points and N66.147 trillion, respectively, to 104,216.87 points and N65.488 billion. The Nigerian market’s return this year has decreased to +1.25 percent.

Countries such as China have since said they would retaliate from the imposed tariffs.

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China vowed on Tuesday to “fight to the end” against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets.

The Minister of Finance, Wale Edun, on Monday said that the Federal Government will boost non-revenue as a means of cushioning the adverse effects to trade tariffs imposed on countries by President Trump.

Edun also assured that the Economic Management Team (EMT) will meet to assess the likely impact of the 14 per cent tariff on goods exported from Nigeria to the United States.

He said the EMT will afterwards, make recommendations to cushion its impact on the nation’s economy.

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Edun, who was speaking at an event organised by the Ministry of Finance Incorporated on Monday, said that while the adverse effect on Nigeria will be through an oil price plunge, the government is intensifying efforts to ramp up oil production and boost non-oil revenues.

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Education Minister Urges NASS To Prioritise Takeoff Funding For Already Existing Institutions

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By Gloria Ikibah

The Minister of Education, Dr. Olatunji Alausa, has called on the National Assembly to emphasise on funding for the effective take-off of already established institutions rather than creating new ones.

Dr. Alausa stated this at a public hearing organised by the House of Representatives Committee on Federal Polytechnics and Higher Technical Education, while presenting a memorandum on Thursday in Abuja.

The public hearing featured deliberations on three bills:

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“A Bill for an Act to Establish the Federal College of Entrepreneurship and Skills Acquisition, Hawul Local Government Area, Borno State (HB.1797) – to provide full-time courses and training in technology, applied sciences, arts, social sciences, humanities, and management.

“A Bill to Amend Section 3(2)(b), the Second Schedule, and Section 31 of the Federal Polytechnics Act, Cap F17, Laws of the Federation of Nigeria, 2004 (HB.1413).

“A Bill to Amend the Federal Polytechnics Act, Cap F17, to review the functions of polytechnics (HB.2114)”.

The Minister speaking against the “Bill for an Act to Establish the Federal College of Entrepreneurship and Skills Acquisition, Hawul”, emphasised that the Federal Government maintains a policy of equitable distribution of federal institutions across states.

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According to Alausa, no state should host more than one federal polytechnic, while every state must have at least one. Currently, all states except Sokoto and the Federal Capital Territory are covered under this arrangement.

He asserted that with limited resources, government efforts should be directed at strengthening existing institutions to deliver quality education rather than spreading resources thin by establishing new ones.

Alausa stated, “the Federal Ministry of Education has expanded avenues for establishing private tertiary institutions. States and individuals are encouraged to utilise these channels to support national educational development”.

In view of prevailing funding constraints, he recommended that deliberations on the proposed Federal College of Entrepreneurship and Skills Acquisition in Hawul, Borno State, be suspended.

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He also urged the House to ensure that resources are dedicated to improving the quality of education for Nigerian students by consolidating support for already existing institutions.

With regards to the proposed amendments to the Federal Polytechnics Act, the minister raised no objections except for the provision seeking to include representatives of the National Board for Technical Education (NBTE) and the Manufacturers Association of Nigeria (MAN) on the Governing Council of Polytechnics.

“While both organisations play significant roles, their core functions do not directly align with the responsibilities of a polytechnic’s governing council. NBTE serves as a regulatory body, while MAN advocates for the interests of manufacturers”, he stated.

Earlier, the sponsor of the bill, Rep. Usman Balami (PDP–Borno), defended the proposal, citing insecurity and rising unemployment in Borno as pressing reasons for establishing the institution.

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He described the proposed college as a strategic response to the growing number of unemployed youth and a means to equip them with skills necessary for self-reliance and economic empowerment.

“This institution will provide diverse training programmes tailored for today’s dynamic job market. It will bridge the gap between theory and practice, producing graduates ready to meet workforce demands”, Balami said.

According to the Borno lawmaker, the college will foster innovation, encourage entrepreneurship, and stimulate economic growth in the region by nurturing local talent and promoting a culture of self-employment.

Earlier in his remarks, the Committee Chairman, Rep. Fuad Laguda (APC–Lagos), noted a general consensus on the importance of skills acquisition in tackling unemployment.

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He encouraged stakeholders to make robust contributions, assuring that the committee would carefully consider all submissions in its report.

“With the passage of these bills, Nigerians will have greater access to knowledge and skills in the arts, sciences, technology, humanities, and vocational and technical education,” Laguda said.

He also commended the leadership of the House for their support and the trust reposed in the committee to drive meaningful legislative outcomes.

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Reps Resolve To Investigate Technical Glitch In 2025 UTME

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By Gloria Ikibah

The House of Representatives has resolved to probe the technical fault that resulted in the widespread failure recorded in the 2025 Unified Tertiary Matriculation Examination (UTME).

This resolution was sequel to the adoption of a motion of urgent public importance by Rep. Adewale Adebayo, from Osun state on Thursday at plenary.

Naijablitznews.com recalled that the Joint Admissions and Matriculation Board (JAMB) had released the results of the 2025 UTME on May 9, with a significant number of candidates posting poor scores.

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Reports further revealed that over 78 percent of candidates scored below 200 marks out of the total 400 obtainable.

Following a prompt internal review, JAMB identified a major technical fault behind the results.

The Registrar of JAMB, Prof. Ishaq Oloyede, at a press conference held on Wednesday in Abuja, stated that 379,997 candidates were affected due to discrepancies linked to server issues.

According to Prof. Oloyede, these was due to faulty software updates by one of the technical service providers handling JAMB’s operations in the Lagos and South-East zones.

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He explained that the glitch, which occurred during the first three days of the examination, prevented the proper uploading of candidates’ answers and the error remained undetected before the results were made public.

He announced that the affected candidates will be allowed to retake the examination between May 16 and May 19, 2025.

Presenting the motion on the floor of the House, Rep. Adebayo lamented the hardships faced by many Nigerians, including long travels to exam centres, only to be met with such setbacks.

Contributing to the debate, Rep. Sada Soli from Katsina praised the JAMB Registrar for owning up to the error and offering an apology to the public, and described Oloyede as a man of integrity who has also improved the board’s finances since assuming office.

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However, Speaker Tajudeen Abbas stated that whether the registrar deserves commendation is a matter for the investigative committee to determine.

The House also urged the federal government to establish Computer-Based Test (CBT) centres in all local government areas across the country.

Lawmakers also urged JAMB to release the results of candidates who are below the age of 16.

The House unanimously adopted the motion through a voice vote.

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32.9kg cocaine trafficking: 10 Thai sailors, ship convicted, fined $4.3m(Photos)

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. Conviction will send strong warning to int’l drug cartel, local collaborators, says Marwa, commends NDLEA officers for diligent investigation and prosecution

After over three years of diligent prosecution by the National Drug Law Enforcement Agency (NDLEA), a Federal High Court in Lagos presided over by Justice Daniel Osiagor has convicted 10 Thai sailors and their vessel named MV Chayanee Naree for trafficking 32.9 kilograms of cocaine from Brazil into Nigeria through the Apapa seaport, Lagos.

The convicted sailors who are all nationals of Thailand include: Krilerk Tanakhan; Boonlert Hansoongnern; Jakkarin Booncharoen; Thammarong Put-tlek; Worrapat Paopinta; Marut Kantaprom; Werapat Somboonying; Urkit Amsri; Panudet Jaisuk and Amrat Thawom.

They were first arraigned before the court along with nine Nigerian suspects by NDLEA in February 2022 on offences bordering on conspiracy and unlawful transportation of the illicit drug consignment from Brazil to Nigeria. The vessel, the convicted sailors and the nine Nigerians were arrested on 13th October 2021, at the Apapa port in Lagos. The Nigerian suspects are: Samuel Messiah; Ishaya Maisamari; Ilesanmi Ayo Abbey; Osabeye Stephen; Gbenga Ogunfadeke; Kayode Buletiri; Rilwan Omotosho Liasu; Saidi Sule Alani and Jamiu Adewale Yusuf.

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They were all subsequently charged to court over the illegal acts which NDLEA prosecutors argued contravened sections 11(a), 11 (b), and 14 (b) of the National Drug Law Enforcement Agency Act Cap N30 Laws of the Federation of Nigeria, 2004, and punishable under the same Act.

The convicted sailors had initially made a no-case submission which was dismissed following submissions by the prosecution that a prima facie case had been established against the vessel and its crew members. As a result, the trial judge ordered the convicted Thai sailors and others to open their defence on the charges against them.

Following the court ruling, the convicted sailors opted for a plea bargain agreement with the NDLEA and as a result, Justice Osiagor delivered his ruling at the resumed hearing of the matter on Thursday 15th May 2025.

Among other penalties, the judge convicted the Vessel MV Chayanee Naree for unlawful transportation of 32.9kg of cocaine into Nigeria and
ordered to pay a fine of $4 million or its Naira equivalent.

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The 2nd – 11th defendants were convicted under section 25 of the NDLEA Act for permitting the use of the vessel for the unlawful transportation of 32.9kg of cocaine, while the 2nd, 3rd and 4th defendants were ordered to pay N100,000.00 each as punishment for the offence and in addition restitution in the sum of $50,000 USD each or its equivalent in Naira to the Federal Government of Nigeria. The 5th – 11th defendants are to pay N100,000.00 each and restitution in the sum of $30,000.00, bringing the total amount payable to Four Million Three Hundred and Sixty Thousand US Dollars ($4,360,000.00).
Justice Osiagor thereafter adjourned the trial of the nine Nigerian suspects to June 25.
While the prosecution was led by the Agency’s Director of Prosecution and Legal Services, DCGN Theresa Asuquo, supported by A. Adebayo and Paul Awogbuyi, the defence team was led by the trio of Messrs Babajide Koku, Femi Atoyebi and Tunde Adejuyigbe, all Senior Advocates of Nigeria (SAN).
In his reaction, Chairman/Chief Executive of NDLEA, Brig Gen Mohamed Buba Marwa (Rtd) said the court ruling was a strong message to the international drug cartel and their local collaborators that Nigeria will never be a safe hub for illicit drug trafficking. He commended the NDLEA prosecution team and officers of the Apapa Strategic Command involved in the arrest, seizure and investigation of the shipment for their diligence and resilience in following the case to a logical conclusion. He charged them not to relent in pursuing the other part of the case still pending.

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