Some experts have expressed concern that China’s zero-tariff regime on exports from Africa could encourage the export of unprocessed minerals and undermine Nigeria’s value addition policy.
The experts spoke to reporters on Tuesday in Abuja.
Ashenews reports that the zero-tariff policy, which took effect from May 1, aims to create new export and industrialisation opportunities for Africa amid rising global protectionism.
Under the new arrangement, China has extended zero-tariff treatment to all 53 African countries with which it has diplomatic relations. Prior to this, it had already removed tariffs on 100 per cent of tariff lines for 33 Least Developed Countries (LDCs) in Africa effective December 1, 2024. For the 20 non-LDCs, including Nigeria, zero tariffs will apply as a preferential rate for two years.
Prof. Akinade Olatunji, immediate past President of the Nigeria Mining and Geosciences Society (NMGS), warned that the policy, if not properly managed, could defeat the Federal Government’s efforts to stop raw mineral exports and promote value addition.
“China is looking for raw materials to stockpile or feed its local industries and will naturally prefer unprocessed minerals,” he said.
Olatunji noted that the growing presence of Chinese mining companies in Nigeria may explain the complete removal of tariffs.
Similarly, National President of the Miners Association of Nigeria (MAN), Dele Ayankele, said the policy would incentivise the large-scale export of raw minerals, especially energy transition minerals, thereby undermining government policies on value addition, industrialisation, and technology transfer.
Ayankele urged the Federal Government to approach the policy with caution, particularly as it affects the solid minerals sector.
Dr. Emmanuel Eche, a Senior Lecturer in the Department of Economics at Federal University Wukari, Taraba State, said the policy presents both opportunities and challenges for Nigeria.
He noted that zero tariffs could boost export revenues from minerals such as copper, iron ore, and tin, create jobs, and stimulate short-term economic growth. In the long term, he added, it could encourage infrastructure development and economic diversification if Nigeria prioritises value addition and local processing.
Eche advised the government to create a conducive policy environment, develop local skills, and invest in infrastructure to maximise the benefits of the policy.
