Nigeria-Guangxi Trade Surges to $320 Million in 2024, Strengthening China-Nigeria Ties
Nigeria’s trade with China’s Guangxi region climbed to $320 million in 2024, marking a significant 21% growth year-on-year. The development was revealed by Zhang Xiaoqin, Vice Chairman of the Standing Committee of the Guangxi People’s Congress, during a courtesy visit to the Nigeria-China Strategic Partnership (NCSP) in Abuja. This milestone underscores the growing economic synergy between Nigeria and southern China’s Guangxi region.
During the visit, Xiaoqin reaffirmed Guangxi’s commitment to deepening bilateral trade and investment. He highlighted the province’s strategic role as a regional hub in southern China, its successful hosting of the China-ASEAN Expo, and the potential for Nigeria to benefit from Guangxi’s strengths in fruit production, tourism, digital economy, and mining. Xiaoqin also extended an invitation to Nigerian businesses and tourists to explore trade opportunities in Guangxi.
Accompanying Xiaoqin was Mr. Zhou Hongyou, Head of Mission at the Chinese Embassy in Nigeria, who emphasized the cultural and economic similarities between Guangxi and Nigeria. He expressed confidence that ongoing engagements would lead to stronger cooperation in key sectors. This aligns with China’s broader vision of fostering trade ties with African nations under the Forum on China-Africa Cooperation (FOCAC) framework.
Welcoming the delegation, NCSP Director-General Joseph Olasunkanmi Tegbe reiterated Nigeria’s long-standing relations with China, recently upgraded to a Comprehensive Strategic Partnership at FOCAC 2024. He assured that the NCSP would continue monitoring agreed projects, driving strategic initiatives across priority sectors, and coordinating Presidential directives. Tegbe also pledged to visit Guangxi soon to learn from China’s large-scale modernization model, particularly in manufacturing and agriculture.
This development follows Tegbe’s July 2025 announcement that Nigeria-China engagements had secured over $20 billion in investment commitments across key sectors. With the latest progress, Nigeria stands to leverage Guangxi’s industrial capacity and expertise to boost industrialization, food processing, and digital economy growth, further cementing its trade ties with China.
Source: Nairametrics