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The Tourism Sector in Nigeria

by Fred Nwaozor The tourism sector in Nigeria is a largely untapped yet highly promising component of the national economy. With her vast landmass, rich cultural diversity, and varied ecosystems, Nigeria possesses the natural and human resources required to build a thriving tourism industry. Tourism, if properly harnessed, can serve as a major source of revenue, employment, and international goodwill for the country. Nigeria’s cultural diversity is one of its greatest tourism assets. With over 250 ethnic groups, each with distinct languages, traditions, festivals, and cuisines, the country offers a wide range of cultural experiences. Traditional festivals such as the Argungu Fishing Festival, Osun-Osogbo Festival, Durbar Festival, and New Yam festivals attract both local and international visitors. The country is also blessed with numerous natural attractions that have strong tourism potential. These include scenic landscapes such as the Obudu Mountain Resort in Cross River ...

Trump further announces 35% Tariffs on Goods from Canada

By Rufus Okoro

The President of the United States (US), Donald Trump, has stated he would further impose a 35% tariff on Canadian goods starting on August 1, 2025 even as the two countries were days away from a self-imposed deadline to reach a new trade deal.

The announcement, which was released on July 11, 2025, came in form of a letter published on Trump's social media platform, Truth Social, alongside additional threats of tariffs of 15% or 20% on most trade partners.

On his part, the Canadian Prime Minister, Mark Carney, said his government would continue to protect his country's workers and businesses as they head towards the new deadline.

Trump had sent more than 20 such letters to other US partners earlier this week. He also said he would soon announce new tariffs on the European Union (EU).

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It's noteworthy that a 25% tariff had already been imposed on some Canadian goods, with the nation also hit hard by Trump's global steel, aluminium and auto tariffs, although there is a current exemption in place for goods that comply with a North American free trade agreement.

It is unclear if the latest tariffs threat would also apply to goods covered by the Canada-United States-Mexico Agreement (CUSMA).

Trump had equally imposed a global 50% tariff on aluminium and steel imports, and a 25% tariff on all cars and trucks not built in the US.

He also recently announced a 50% tariff on copper imports, scheduled to take effect next month.

Canada sells about three-quarters of its goods to the US, and is an auto manufacturing hub and a major supplier of metals, making the US tariffs apparently a hard blow to the aforementioned sectors.