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In 2025, Nigeria's crude oil exports amounted to N47.4 trillion, with the National Bureau of Statistics reporting a significant reduction in petrol imports to N8.9 trillion. The analysis reveals fluctuating export amounts across the four quarters of the year.
In the first two months of 2026, China's exports grew by more than 20% amid ongoing trade tensions with the United States, driven largely by a rising demand for electronics and increased trade with Europe.
Joseph Tegbe, Director-General of the Nigeria–China Strategic Partnership (NCSP), emphasizes the potential of China's zero-tariff policy in enhancing Nigeria's export growth and balancing trade. He advocates for proactive measures to leverage this opportunity during the celebration of the Spring Festival and the 55th anniversary of diplomatic ties between the two nations.
Dr. Zacch Adedeji, Chairman of the Nigeria Revenue Service, has called for a significant shift in Nigeria's economic strategies. He advocates for moving from a reliance on raw material exports to fostering ideas, innovation, and the production of complex products to achieve sustainable growth.
