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.
Thank you for reading this post, don't forget to subscribe!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.