The trade volume between China and Nigeria has exceeded $22 billion, marking a significant milestone in the two countries’ growing economic relationship, China’s Ambassador to Nigeria, Yu Dunhai, announced on Thursday.
Speaking at the 1st Annual China-Nigeria Government Exchange Program Alumni Reunion Gala in Abuja, Yu confirmed that 2025 trade figures have already surpassed those of the previous year. “This year’s trade volume has already exceeded $22 billion, which is more than last year’s total,” he stated.
Yu further emphasized China’s growing investment in Nigeria, revealing a 130% increase in direct investment. Nigeria’s exports to China have also surged, increasing by more than 200%. “These figures show the strong, dynamic relationship between our countries,” Yu added.
In his speech, Yu also highlighted China’s commitment to supporting Nigeria’s economic growth. The Chinese government recently announced a zero-tariff policy for African exports to China, effective from June 2025. This move is set to provide a major boost to Nigerian exports and enhance the country’s position in global trade. Yu noted, “China will offer zero tariffs on 100% of products from all 53 African countries, including Nigeria, helping to expand Nigeria’s exports and strengthen its standing in international trade.”
Yu stressed the importance of people-to-people ties in the bilateral relationship, pointing out that China’s role in Nigeria’s development extends beyond trade. Over 10,000 Nigerians have benefited from various training programs offered through the China-Nigeria Government Exchange Program. These programs focus on areas such as governance, poverty reduction, agriculture, technology, and the digital economy.
“China’s future is Nigeria’s future,” Yu said, emphasizing the shared goals between the two countries. “Together, we can enhance global governance and better represent African voices on the world stage.”
The ambassador expressed confidence that the continued collaboration between China and Nigeria would not only strengthen bilateral ties but also foster mutual growth and development. “The alumni of our exchange programs are spread across Nigeria, from Abuja to Lagos, and their work continues to contribute to the growth of both nations,” Yu added.