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Thursday, November 7, 2024

What Trump’s presidency may mean for Nigeria, African countries: Moghalu

Mr Moghalu said Mr Trump’s victory should not affect the African countries much as long as they are genuinely committed to their agendas.

• November 7, 2024
Kingsley Moghalu
Kingsley Moghalu

President of the African School of Governance (ASG), Kingsley Moghalu, has spoken on the possible implications of Donald Trump’s presidency for African countries.

Mr Moghalu, on his X handle on Thursday morning, said Mr Trump’s victory should not affect the African countries much as long as they are genuinely committed to their agendas.

“I have just been interviewed on @BBCWorld on the possible implications of @realDonaldTrump’s presidency for Africa. I have reiterated my view that it won’t affect much, nor should it. African countries should drive their own narratives and agendas and stop looking to external props,” he wrote.

Mr Trump secured a historic return to the White House on Wednesday, having defeated Kamala Harris, his closest rival, in the keenly contested presidential elections.

He had, in the past, demonstrated his “hatred” for African countries. In 2018, the former president described Haiti and African nations as “shithole” countries.

However, Mr Moghalu, in his analysis, argued that Mr Trump’s presidency will likely affect the trade relationships between America and African countries, saying countries like “China and Russia will benefit from his lack of interest in Africa”.

The former CBN governor also reiterated the role of the African School of Governance in training African leaders and charged them to prioritise the interests of their countries and citizens.

“The only significant impact of his presidency on African economies will be the fate of the Africa Growth and Opportunity Act (AGOA), the 24-year old American trade legislation that gives tariff-free access to American markets for African products, and which is due for reauthorisation.

“There is a strong lobby, funded by @afreximbank and spearheaded by former U.S. trade diplomat Rosa Whitaker, to get @congressdotgov to reauthorise the legislation for at least another 10 years within the first half of 2025, despite Trump’s announced pro-tariff policy,” he stated.

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