China, Nigeria trade hits $15.48 billion

China, Nigeria trade hits $15.48 billion

China’s Consul General in Lagos, Yan Yuqing, has revealed that trade between China and Nigeria reached $15.48 billion between January and July 2025, representing a 34.7% increase compared to the same period in 2024. She made the announcement during a reception that marked China’s 76th founding anniversary, Nigeria’s 64th independence anniversary, and the Mid-Autumn Festival.

Ms. Yuqing highlighted that Nigeria is now China’s second-largest trading partner in Africa,and attributed the growth in trade to the upgrade of bilateral relations to a comprehensive strategic partnership during the 2024 Forum on China-Africa Cooperation summit. She emphasized that cooperation in areas such as infrastructure, energy resources, trade, culture, and education has been expanding, delivering tangible benefits to both nations.

The envoy noted that despite global economic challenges, China’s economy remained resilient with a 5.3% GDP growth in the first half of 2025 and continued global leadership in innovation. She praised the Chinese community in Nigeria for their contributions to cultural exchange, development, and charity, urging them to act as “bridge-builders” to further strengthen ties.

Ms. Yuqing also reassured that the Consulate in Lagos will keep protecting the welfare of Chinese nationals and businesses in Nigeria, while ensuring efficient services. She called on the Chinese community to uphold unity, lawful business practices, and play an active role in fostering China-Nigeria cooperation, which she described as being at its best stage in history with promising prospects ahead.