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Nigeria’s trade volume improves, maintains top partner with China


The Consul General of China in Lagos, Chao Xiaoliang, has assured that bilateral relations between Nigeria and his country would continue to improve as Chinese business community better understands Nigeria Customs trade policies.

He said this yesterday at the Chinese Embassy in Lagos during a seminar organised by his office for Chinese business community in Lagos and Nigerian Customs Service (NCS) headed by the Zone A Coordinator, Aminu Mohammed Dahiru.

At the seminar, which examined the role of NCS in import and export processes, among others, Xiaoliang said it would go a long way to smoothen economic relations between both countries.


“Two years ago, we organised a joint seminar with Nigerian Customs, which brought about a lot of bilateral economic exchanges. With the rapid development of China-Nigeria relations, I believe that this kind of seminar has practical meanings in the new era,” he said.

He also noted that China-Nigeria strategic partnership had enjoyed steady progress in recent years with bilateral economic and trade exchanges becoming more and more frequent.

He disclosed that in 2017, the China-Nigeria bilateral trade volume reached nearly $14 billion and grew by 29.7 per cent compared to the previous year, adding that Nigeria was China’s third biggest trade partner in Africa.

Xiaoliang pointed out that from January to May, 2018, China-Nigeria bilateral trade volume reached $5.8 billion, increasing by 7.3 per cent over the previous year, which signified that their economic and trade co-operation has great prospects.

He promised that China with trade partners in 137 countries would continue to work together with the rest of the world including Nigeria to promote a community with a shared future for mankind.

“China and Nigeria as developing countries share a lot of similarities with economy of both countries highly complementary, bilateral co-operation sounding louder and louder, evolving great potentials” he said.

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