Nigeria-China Trade Volume Hit $20 Billion in 2024
Nigeria and China have traded more than $ 20 billion in 2024. Although the number represents a firm trade relationship between the two countries, it has decreased 11.5 % from 2023 in 2023. About China-African Cooperation Agreement. He also emphasized the importance of Nigeria in the BRICS country and its role as China’s largest engineering contract in Africa. At the same time, China ’s Consul General in Lagos, Yan Yuqing, emphasized China’s 5 % GDP growth, which exacerbated global recovery and bilateral initiatives, such as Belt and Road Initiative (BRI). Despite the decline in trade, bilateral cooperation between Beijing and Abuja continues to flourish between infrastructure, technology and trade, emphasizing the lasting partnership between the two countries.
source: Gairametrics
