China’s Zero-Tariff Policy may deepen Nigeria’s trade imbalance — IBEKE

Vanguard News | 09-09-2026 09:00am |

International trade consultant Okey Ibeke has welcomed the reported increase in Nigeria's exports to China under Beijing's zero-tariff policy but cautioned against judging the initiative solely by raw commodity export growth. The Chinese Ambassador to Nigeria, Yu Dunhai, disclosed that Chinese imports from Nigeria rose by about $2.3 billion in the first half of 2026, an 80% increase. Bilateral trade reached $18 billion during the period, a 35% year-on-year increase. The policy, effective May 1, covers 53 African countries and has reduced export costs for Nigerian products such as sesame and cattle bone granules.

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