Nigeria-China Trade Hits $18bn After Zero-Tariff Policy

Nigeria-China trade rose by 35% to $18 billion in the first half of 2026, following the implementation of China's zero-tariff policy for African countries, as stated by Chinese Ambassador to Nigeria, Yu Dunhai. This policy took effect on May 1, 2026, and led to an 80% increase in Chinese imports from Nigeria, totaling $2.3 billion.

Monthly growth in Nigerian exports to China exceeded 40% in May and June. The zero-tariff policy, announced by Chinese President Xi Jinping on February 14, 2026, applies to all tariff lines for African countries with diplomatic relations with China.

Dunhai highlighted that the policy has resulted in significant cost savings for Nigerian exporters, including $11,000 saved per 100 tons of sesame exports and nearly $450,000 for 7,000 tons of cattle bone granules. He also mentioned a protocol signed for inspection and quarantine of wild aquatic products from Nigeria to China.

Dunhai emphasized the need for Nigeria to enhance product quality and processing capacity to sustain these gains.