Tuesday, August 25, 2026

Zero Tariff Policy Boosts Nigeria’s Exports to China by 81%

Zero Tariff Policy Boosts Nigeria’s Exports to China by 81%

Chinese imports from Nigeria increased by 81% year-on-year to $2.25 billion in the first half of 2026, following China’s decision to remove tariffs on products from 53 African countries, including Nigeria.

China’s Consul General in Lagos, Yan Yuqing, said the policy was already producing significant results just three and a half months after it was introduced.

She disclosed that China-Nigeria bilateral trade reached $17.4 billion between January and June 2026, representing a 35% increase compared with the same period in 2025.

According to her, Nigeria’s exports to China accounted for $2.25 billion, with monthly growth exceeding 40% in May and June.

China implemented the zero-tariff policy on May 1, 2026, covering all tariff lines for products from 53 African countries with which it maintains diplomatic relations.

The policy is aimed at increasing market access for African products, strengthening economic cooperation and supporting the China-Africa modernisation agenda.

Yan also revealed that bilateral trade between China and Nigeria exceeded $28 billion in 2025, while Chinese direct investment in Nigeria reached $690 million, an increase of 103% from the previous year.

She described Nigeria as China’s largest engineering contracting market in Africa, its second-largest export market and a major investment destination.

0 Comment about the Post: