The Federal Government of Nigeria has initiated talks with China, seeking exemptions on trade tariffs to enhance economic cooperation and boost bilateral trade.
The move is part of Nigeria’s broader strategy to strengthen economic ties with China, its largest trading partner, and reduce the cost of imports for key sectors, including manufacturing and infrastructure development. Officials believe the tariff exemptions will help stimulate local industries and improve access to critical goods.
China has been a major investor in Nigeria, particularly in infrastructure and energy projects, under the Belt and Road Initiative. Analysts say a successful negotiation could further deepen economic relations between both nations.
More updates to follow as discussions progress.Â
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