China-Nigeria trade rises to $15.48bn in seven months

Bilateral trade between China and Nigeria surged to $15.48 billion between January and July 2025, representing a 34.7 percent increase compared with the same period in 2024, according to the Consul-General of the People’s Republic of China in Lagos, Ms. Yan Yuqing.

Yuqing disclosed this on Sunday at a reception marking three occasions — the 76th anniversary of the founding of the People’s Republic of China, Nigeria’s 64th independence anniversary, and the Mid-Autumn Festival.

She described Nigeria as China’s second-largest trading partner in Africa, noting that the elevation of relations between both nations to a comprehensive strategic partnership at the 2024 Forum on China-Africa Cooperation (FOCAC) summit had opened broader prospects for collaboration.

“From January to July 2025, bilateral trade reached US$15.483 billion, marking a 34.7 per cent year-on-year increase,” Yuqing said.

“Cooperation in infrastructure, investment and trade, energy resources, culture and education continues to deepen, bringing tangible benefits to both peoples.”

The envoy highlighted China’s resilience despite global economic challenges, citing a 5.3 percent GDP growth in the first half of 2025 and continued global leadership in innovation.

Yuqing also commended the Chinese community in Nigeria for fostering cultural exchanges, contributing to local development, and engaging in charity initiatives.

She urged them to remain “bridge-builders” in strengthening China-Nigeria friendship, while promoting lawful and safe business practices.

She assured that the Consulate in Lagos would continue to safeguard the welfare of Chinese nationals in Nigeria and support bilateral cooperation.

“China-Nigeria relations are at their best in history, with profound prospects for cooperation,” she added.