Skip to content
September 5, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Trade with Africa not a game of Minecraft, says Nigerian minister
  • Business & Economy

Trade with Africa not a game of Minecraft, says Nigerian minister

Admin October 22, 2025

October 22, 2025

Rich countries should not approach trade with Africa as a game of Minecraft in which they secure supplies of natural resources, but rather as a relationship based on mutual respect and the need for Africa to develop, Nigeria’s foreign minister said.

Yusuf Tuggar also said that Nigeria, Africa’s most populous country and a crude oil exporter with chronic problems such as a huge power deficit, was less affected by U.S. trade tariffs than other countries due to its scale and its other trading partners.

“It’s important in approaching Africa for the global North and for the developed countries not to take a Minecraft approach,” Tuggar said during an interview at the Reuters NEXT Gulf summit in Abu Dhabi.

“Sometimes it’s like the game Minecraft: There’s oil, there’s gas, there’s critical minerals, rare earths. We put a bit of this, we invest in this. No, that’s not the way it goes.

“The engagement should be based on mutual respect, based on shared interests and based on the fact that Africa needs to develop. If it doesn’t develop, we continue to deal with irregular migration, with all these other challenges.”

The popular video game Minecraft involves players exploring a 3D world made of textured cubes in which they can mine materials, craft tools and build structures.

African countries rich in natural resources, such as Nigeria with oil and gas or Democratic Republic of Congo with critical minerals, have long struggled to diversify their economies and reduce their reliance on exports of raw materials.

Asked about U.S. President Donald Trump’s tariffs policy, which imposes a 15% levy on goods from Nigeria including its all-important oil and gas, Tuggar said Nigeria had certain advantages that would help it to withstand the blow.

“We are a very large country of 230 million people, so we have a huge internal market,” he said. “That also means we have a larger talent pool than other countries.”

“And we can of course trade with other countries which is what the Tinubu administration is trying to emphasise – strategic autonomy,” he said, referring to President Bola Tinubu.

“Our relationships are not based on ideological considerations, they’re based on interests, beginning with our national interest. So we trade with the U.S., we trade with China, we trade with Brazil, we trade with India.

“And our focus is not necessarily on one axis or another, especially in a multi-polar world.”

REUTERS

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: NEXT Gulf summit Yusuf Tuggar.

Post navigation

Previous When hunters shoot without aiming, by Pius Mordi
Next Court remands 6 farmers for alleged murder

Related Stories

CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion
  • Business & Economy

CBN Mopping Operations Drain Banking System Liquidity to N3.66 Trillion

September 4, 2026
TD Africa, HP deepen partner engagement with Exclusive Proximity Partners event
  • Business & Economy

TD Africa, HP deepen partner engagement with Exclusive Proximity Partners event

September 1, 2026
26 vessels expected at Lagos ports – NPA greater efficiency
  • Business & Economy

26 vessels expected at Lagos ports – NPA

August 31, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

LAWMA disengages sweepers, service provider over alleged illegal waste dumping managing director
  • Metro News

LAWMA disengages sweepers, service provider over alleged illegal waste dumping

September 5, 2026
Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠​‍‍⁠⁠‌​rescue 36 abductees, neutralise terrorists kingpins in 1 week – DHQ onyeuko
  • National News

Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠​‍‍⁠⁠‌​rescue 36 abductees, neutralise terrorists kingpins in 1 week – DHQ

September 5, 2026
Police arrest 3 suspects over N23m vehicle, UK student visa scam Police
  • Perspectives

Police arrest 3 suspects over N23m vehicle, UK student visa scam

September 5, 2026
JAMB releases underaged UTME results, clarifies admission conditions jamb spokesman
  • National News

JAMB releases underaged UTME results, clarifies admission conditions

September 5, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.