Nigeria’s Exports to China Plummet by N602bn Amidst Zero Tariffs

In a surprising development, Nigeria’s exports to China have taken a nose dive, falling by an astounding N602bn in the second quarter of 2026, according to reports by Punch Newspapers. Despite Beijing granting Nigerian products zero-tariff access from May 1, the decline persists. This drop in trade could have significant implications for Nigeria’s economy, given China’s status as one of Nigeria’s major trading partners. The exact reasons behind this unexpected decrease are yet to be fully understood, but it’s speculated that factors such as logistical challenges, lack of competitiveness, and market dynamics could be contributing factors. It’s worth noting that China’s decision to remove tariffs was aimed at boosting trade and improving economic relations between the two nations. However, this latest development raises questions about the effectiveness of this policy. As more details emerge, EventsNigeria.com will continue to bring you updates on this evolving story.

Source: [Punch Newspapers](https://punchng.com/nigerias-exports-to-china-fall-by-n602bn-despite-zero-tariffs/)