China’s Zero-Tariff Policy Boosts Nigerian Exports as Trade Hits $17.4bn

Nigeria’s exports to China rose sharply in the first half of 2026, reaching $2.25 billion following the implementation of China’s zero-tariff policy on goods from African countries, including Nigeria.

The development reflects growing trade relations between both countries and increased access for Nigerian products to the Chinese market.

Speaking at the 2026 Nigeria International New Energy and Power Industry Expo and Nigeria International Lighting Expo Lunch Conference in Lagos, China’s Consul General, Yan Yuqing, said Nigerian exports to China increased by 81 per cent compared to the same period in 2025.

She noted that total trade between Nigeria and China stood at $17.4 billion between January and June 2026, representing a 35 per cent increase year-on-year.

According to her, Nigerian exports accounted for $2.25 billion of the total trade value, with monthly export growth exceeding 40 per cent in May and June.

The surge followed the full implementation of China’s zero-tariff policy on May 1, 2026. The policy grants tariff-free access to products from 53 African countries that maintain diplomatic relations with China.

Yuqing said the initiative is expected to create more opportunities for Nigerian businesses by improving access to one of the world’s largest consumer markets.

She explained that the policy forms part of China’s broader efforts to strengthen economic cooperation with African nations and support the implementation of the Forum on China-Africa Cooperation Beijing Action Plan for 2025–2027.

The Consul General added that the measure aligns with China’s 15th Five-Year Plan and is aimed at promoting shared economic growth and modernisation between China and African countries.

She also highlighted the continued expansion of economic ties between Nigeria and China. According to her, bilateral trade surpassed $28 billion in 2025, recording more than 28 per cent growth compared to the previous year.

China’s direct investment in Nigeria also increased significantly, reaching $690 million in 2025, a rise of 103 per cent year-on-year.

Yuqing described Nigeria as one of China’s key economic partners in Africa, noting that the country remains a major destination for Chinese investment and engineering projects on the continent.

The latest figures underscore the growing importance of Nigeria-China trade relations and the potential impact of tariff-free market access on boosting Nigerian exports.