Trump’s protectionist policies threaten Nigeria’s overseas remittances

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Nigeria is more exposed than other Sub Saharan Africa countries to higher U.S protectionism under president Trump, according to Jean-Michel, Chief economist at Standard & Poor’s for the EMEA region.

Michel notes that Nigeria’s vulnerability is via its high remittances from the USA compared to other African countries.

Nigeria received some $21 billion in overseas remittances in 2017, with the bulk of it coming from the US and Western Europe.

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