Entrepreneurng.com
Thursday, June 12, 2025
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us
No Result
View All Result
Entrepreneurng.com
No Result
View All Result
Home News Business News

Foreign Minister Advocates Tariff Removal to Strengthen Nigeria-China Trade Balance

by Adams Oma
January 10, 2025
in Business News, News
0
Foreign Minister Advocates Tariff Removal to Strengthen Nigeria-China Trade Balance
500
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Foreign Minister Yusuf Tuggar has asked for the lifting of tariffs on Nigerian exports to China to reduce the two countries’ trade imbalance.

He underlined the need for local resource refinement to raise Nigeria’s export value and the necessity of a balanced trade partnership.

Tuggar made special reference to the elimination of taxes on goods like shea butter and cashew nuts, which are important exports from Nigeria to China.

Tuggar said: “We are also concerned about the trade imbalance. It is something that we have addressed and have been pushing.”

“We are saying remove tariffs for all other exports from Nigeria because what China did for the Forum for China Africa Cooperation was to remove tariffs for the least developed countries, and Nigeria is not regarded as a least developed country. Remove all those tariffs for Nigeria so we can address the issue of trade imbalance. These are some of the ongoing discussions.”

This request is made in light of China’s recent decision to impose zero tariffs on 33 African nations in an effort to promote economic cooperation and modernisation throughout the Global South.

Tags: Foreign Minister Yusuf TuggarNigeria-China Trade Balance
Share200Tweet125
Adams Oma

Adams Oma

  • Trending
  • Comments
  • Latest
Prince Faisal bin Salman Al Saud

Saudi Arabia: Top 10 Richest Princes and Princesses of the Royal Family

January 4, 2025
Atlanta Jollof Festival: Nigerian Chef Wins at the West African rice dish

Atlanta Jollof Festival: Nigerian Chef Wins at the West African rice dish

July 22, 2024
Sam Bankman-Fried

FTX founder Sam Bankman-Fried has been arrested in the Bahamas

December 13, 2022
Sam Bankman-Fried

FTX founder Sam Bankman-Fried has been arrested in the Bahamas

19
THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

3
RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

2
MTN Skills Academy Offers Free Digital & Financial Training

Apply Now: MTN Skills Academy Offers Free Digital & Financial Training

June 12, 2025
Oshiomhole Engage in Fiery Face-off With Air Peace

Oshiomhole Engage in Fiery Face-off With Air Peace

June 12, 2025
Blackout Alert as FG Begins Critical Grid Maintenance

Blackout Alert as FG Begins Critical Grid Maintenance

June 12, 2025

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Entrepreneurng.com

Copyright © 2025

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us

Copyright © 2025