When Donald Trump introduced tax reforms in 2017, the effects rippled across the globe, with emerging economies like Nigeria taking a direct hit. As Trump pushes for similar changes again, Nigeria’s banking sector may face heightened risks, potentially curbing foreign direct investment (FDI) and disrupting key industries that banks depend on.
The proposed U.S. tax cuts and tariffs, including reducing the corporate tax rate from 21 percent to 15 percent, are intended to strengthen the U.S. economy. However, they may have unintended consequenc