…Trade deficit, debt balloon Bi-lateral trade deficit against Nigeria is widening in favour of China, with available data showing a steady increase in Nigeria’s importation from the Asian country, rising by 183.91% from N530.98bn in the first quarter of 2018 to N1.51tr in Q1, 2022. According to the National Bureau of Statistics (NBS) data on foreign trade, China is responsible for the bulk of imports into Nigeria, ranking number one on the list of top 10 countries in the five quarters under review. However, export to China is negligible, as…
Read MoreConcern mounts, as Nigeria’s dependency on China deepens
