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Home»Business/Economy/Banking & Finance»Nigeria to gain big from China zero-tariff policy
Business/Economy/Banking & Finance

Nigeria to gain big from China zero-tariff policy

NewsdeskBy NewsdeskMay 17, 2026Updated:May 17, 2026No Comments2 Mins Read
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Experts say China’s zero-tariff policy on goods and services from 53 African countries will boost Africa-China trade relations and improve market access for Nigerian products.

The experts made the remark on Sunday in Abuja while reacting to China’s removal of tariffs on goods from 53 African countries.

Chinese President Xi Jinping announced the zero-tariff policy on February 14, 2026, during the 39th African Union Summit in Addis Ababa. The policy took effect on May 1.

Chief Emeka Obegolu, President of the Abuja Chamber of Commerce and Industry (ACCI), said the policy offers Nigeria significant new export opportunities.

He noted that it marks a major shift in trade relations and will strengthen Africa-China ties while enhancing market access for Nigerian products.

Obegolu added that to fully benefit, Nigeria must address structural and production challenges. He stressed the need for increased value addition, local processing, and a shift from crude oil dependence to agriculture, manufacturing, and value-added exports.

“Nigeria should use this opportunity to expand exports, boost industrialisation, and diversify the economy. The policy will develop export-oriented industries and encourage greater participation by youth and women entrepreneurs,” he said.

He identified cocoa, sesame, cashew, ginger, leather products, textiles, and processed agricultural goods as key areas with strong export potential. Obegolu said the ACCI would mobilise businesses, SMEs, and stakeholders to build export value chains that meet international standards.

Prof. Emmanuel Oladipo, an economist, said the initiative would attract more Chinese and local investments in agro-processing, manufacturing, and logistics. He, however, warned that Nigeria must improve infrastructure and meet China’s strict import standards on quality, packaging, and hygiene.

Dr. Chinedu Amadi, President of the Organisation of Youths in International Trade and Commerce (OY-ITC), noted that Nigeria’s trade with China exceeded $15 billion in 2024, with exports below $3 billion against imports of over $12 billion.

He highlighted strong potential in agriculture (sesame, cassava, cocoa) and solid minerals, but stressed the importance of value addition and improved infrastructure.

Mr. Agabaidu Jideani, Director-General of ACCI, described the policy as a strategic opening for Nigerian exporters and urged the organised private sector to take full advantage of it while meeting quality and supply standards.

39th African Union Summit ACCI China zero-tariff policy
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