The volume of trade between Nigeria and China increased by 34.7 to 15.48 billion between January and July 2025 H1'25 compared to the same period in 2024 H1'24.
China's Consul General in Lagos, Yan Yuqing, disclosed this during a reception to mark China's 76th founding anniversary, Nigeria's 64th independence anniversary, and the Mid-Autumn Festival.
Yuqing revealed 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.