In a bid to address the significant trade deficit between Nigeria and China, standing at $18 billion as of the end of 2023, both nations have embarked on a collaborative effort aimed at boosting agricultural exports from Nigeria to China.Nonye Ayeni, Executive Director of the Nigerian Export Promotion Council (NEPC) has disclosed this on Monday in Abuja during a collaborative meeting between the Council and the Department of Commerce of Hunan province, ChinaAccording to her, the meeting was an important avenue to improve bilateral trade relations between Nigeria and China as Nigeria is the third largest trade partner to China and second largest importer of Chinese products.

Ayeni added that in recent reports, total trade between the two countries amounted to $22.81 billion, with Nigeria importing approximately $20.4 billion worth of goods from China, while its exports to China only reached around $2 billion.