China has implemented a zero-tariff policy for Nigeria and 52 other African countries from May 1, offering Nigerian agricultural exports duty-free access to the Chinese market in a bid to strengthen economic ties across Africa.
China has rolled out a landmark zero-tariff policy for Nigeria and 52 other African countries with diplomatic ties to Beijing, effective May 1, in a major move to deepen trade ties and expand African market access.
Under the new arrangement, Nigerian agricultural exports — including sesame, ginger, cashews, and cocoa — will enjoy easier entry into the Chinese market, provided they meet quality and rules of origin standards. The policy extends preferential tariff treatment to an additional 20 countries beyond the 33 least developed African nations already covered, making China the first major global economy to implement such a comprehensive unilateral tariff policy.
Analysts say the development could lower export costs, boost trade volumes, stimulate investment in agriculture, food processing, and manufacturing, while also encouraging Nigeria to shift from raw commodity exports toward higher value-added products.
NEWS NOW:
- 2027: Shehu Sani picks APC senatorial forms for Kaduna Central
- Cubana Chief Priest makes political Move, picks up APC nomination forms for Imo Reps seat
- Time to go: South Africa’s anti-immigration protesters hunt down foreigners
- Mistaken for thief, vigilantes beat 300-level nursing student to death in Kogi