- China and Nigeria to deepen economic cooperation to strengthen the global industrial chain.
- The collaboration to promote investment in the digital economy, green energy, and infrastructure.
China has reaffirmed its commitment to deepen economic and industrial cooperation with Nigeria. The Asian nation pledged to inject new vitality into the global industrial chain.
The Consul General of China in Lagos, Yan Yuqing, made this known during the 2025 China Brand Commodity Exhibition held in Lagos. The event gathered Chinese manufacturers and Nigerian business leaders to explore new trade and investment opportunities that support sustainable growth.
According to Yan, the exhibition showcased a range of high-quality Chinese products and technologies. She said it reflected the strength of China–Nigeria economic cooperation and offered both nations a vital platform to share development opportunities.
Yan emphasised that China upholds the principles of consultation, joint contribution, and shared benefits. She expressed optimism that the exhibition would build confidence in cooperation and create new momentum in global trade and industry.
Yan also referred to recent developments in China. The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China had just concluded, reaffirming the country’s focus on high-quality development and open markets. One key outcome was the 15th Five-Year Plan, which aims to expand market access, enhance the business environment, and elevate the Belt and Road Initiative to a new level.
Furthermore, Yan stated that China aims to share the benefits of its progress with Nigeria. She said both countries would strengthen cooperation in the digital economy, renewable energy, and infrastructure development. She also confirmed China’s continued support for the African Continental Free Trade Area (AfCFTA).
Yan reminded attendees that 2025 marks both the 25th anniversary of the Forum on China–Africa Cooperation (FOCAC) and the 54th anniversary of diplomatic relations between China and Nigeria.
Providing trade insights, Yan revealed that China–Africa trade reached about USD 280 billion in 2024, a 6.1 per cent increase from the previous year. Trade between China and Nigeria accounted for nearly USD 21.9 billion, approximately 8 per cent of the total.
China remains Nigeria’s leading project contractor and a key investor. Major projects, such as the Lagos–Ibadan Railway, Lagos Light Rail, and Lekki Deep Sea Port, highlight this strong partnership. Yan noted that cooperation between both nations continues to drive industrial growth, green innovation, and cultural exchange.
In his remarks, Lagos State Governor Babajide Sanwo-Olu praised the Expo, saying it represents more than a trade show. He described it as a platform that builds long-term partnerships, empowers entrepreneurs, and supports sustainable development.
Similarly, Wang Deyang, Deputy Director-General of China’s Trade and Economic Cooperation Bureau, highlighted the deep friendship between the two countries. He said Chinese companies are contributing to Nigeria’s progress through investments in oil refining, agricultural machinery, and manufacturing. He also noted that Nigerian sesame and cocoa products are now reaching Chinese consumers.
Wang concluded that between January and September 2025, the trade volume between China and Nigeria reached USD 20 billion, a 32.6 per cent rise from the previous year. He described the partnership as dynamic, resilient, and essential to strengthening the global industrial and economic chain.