Business A.M
No Result
View All Result
Wednesday, February 18, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

U.S. identifies corruption as Key obstacle to investment in Nigeria

by Admin
January 21, 2026
in Frontpage, WORLD BUSINESS & ECONOMY

Onome Amuge

The United States has voiced concerns regarding corruption and a lack of transparency in Nigeria’s tender processes, casting doubt on the efficiency of the country’s judicial system in tackling illicit practices. 

These concerns were highlighted in the latest 2025 National Trade Estimate Report on Foreign Trade Barriers, released by the Office of the United States Trade Representative.

The report noted that corruption remains a substantial impediment to trade and investment for US companies operating in Nigeria. It details how American firms frequently encounter inappropriate demands from officials for facilitative payments, which disrupt their day-to-day operations.

Furthermore, the USTR report points to internal governmental friction and partisan political dynamics as factors that have hindered efforts to strengthen anti-corruption measures within Nigeria. 

A particularly critical assessment is made of the Nigerian justice system, with the US questioning its capacity to achieve convictions and appropriate sentencing for corruption-related crimes.

Import restrictions and fees draw criticism

Beyond governance issues, the US report also raises concerns over Nigeria’s trade policies. It pointed out the protracted delays in approving import permits for various US food and agricultural products, some pending since 2019.

Nigeria’s import fee structure also came under scrutiny, with the report highlighting that Nigeria maintains a combined duty plus other associated import fees of 50 per cent or more on 79 tariff lines. 

Notably, it added that 17 tariff lines on which the combined duty plus other associated import fees reach or surpass the 70 per cent limit set by ECOWAS.

The Nigeria Customs Service’s continued prohibition on the import of 25 different product categories was also flagged as a barrier to trade. These banned items include poultry, beef, spaghetti, fruit juice in retail packs, used vehicles over 12 years old, soaps, and certain alcoholic beverages.

Systemic issues in customs administration

The US report dwelled on the systemic challenges within Nigeria’s customs administration, citing corruption, manual processes, and inconsistent interpretation of trade rules as impediments to smooth trade flows.

Admin
Admin
Previous Post

Rethinking Retirement: Saving Insights | Katy Milkman

Next Post

GBfoods deepens African footprint with $10m GBHub investment

Next Post

GBfoods deepens African footprint with $10m GBHub investment

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026
FairMoney expands SME credit access to boost financial capacity

FairMoney expands SME credit access to boost financial capacity

February 18, 2026
Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

Logistics coordination is a structural efficiency reform, not luxury —Scott Dubin, Logistics Marketplace

February 18, 2026
Ladi, rising on global tech space

Ladi, rising on global tech space

February 18, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

BUA Group leads Gulf–West Africa drive for integrated food and logistics corridor

February 18, 2026
FairMoney expands SME credit access to boost financial capacity

FairMoney expands SME credit access to boost financial capacity

February 18, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M