Nigeria-China Trade Hits $18 Billion in H1 2026, Aquatic Products Protocol Signed

Nigeria-China trade surged to $18 billion in the first half of 2026, a figure that already represents 64% of the $28 billion recorded for the entire previous year, according to Nigeria's Minister of Power, Joseph Tegbe. This significant trade volume underscores the growing economic ties between the two nations.

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Trade volume has reached $18 billion in the first half of 2026, compared to $28 billion for the entire year 2025.

The Nigerian government is actively working to implement a new agreement that grants eligible Nigerian aquatic products zero-tariff access to China's vast consumer market. This protocol, finalized after nearly five years of negotiations, is designed to reduce trade barriers, stimulate Nigerian exports, increase foreign exchange earnings, and create new opportunities for local businesses in the aquatic sector.

Minister Tegbe emphasized the need for Nigerian exporters to capitalize on this new market access. "Trade volume has reached $18 billion in the first half of 2026, compared to $28 billion for the entire year 2025," he stated, urging swift action to translate the protocol into tangible export growth. He also suggested that successful implementation could accelerate other initiatives, such as a proposed Zero Tariff Agreement for African countries, further deepening the Nigeria-China Strategic Partnership.

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Your appointment by Mr. President demonstrates the importance of placing capable Nigerians with integrity and professional competence in strategic positions of national responsibility.

The Chinese Ambassador to Nigeria, Yu Dunhai, confirmed the positive trend, reporting an 80% rise in Nigerian exports to China and a 35% growth in overall bilateral trade during the first half of 2026. He highlighted the substantial untapped potential in the economic relationship and reaffirmed China's commitment to supporting qualified Nigerian exporters. The Ambassador also pledged China's assistance in Nigeria's efforts to modernize and expand its power sector.

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The role of the DSS in protecting Nigeria’s national interests, gathering critical intelligence and supporting national security cannot be overemphasised.

Dr. Vincent Isegbe, Comptroller-General of the Nigeria Agricultural Quarantine Service (NAQS), stated that the agency would assist exporters in meeting compliance and sanitary requirements. He sees potential for similar market-access arrangements for other Nigerian agricultural and fishery products, believing that enhanced access to the Chinese market could significantly boost Nigeria's export earnings. Private sector entities, like Atlantic Shrimpers, have already expressed readiness to leverage the agreement, having identified potential buyers.

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Particularly now that this country is confronted with complex security and emerging technological challenges, appointments like yours are the best ever done by Mr. President.