Nigeria-China Trade: Fuels for China, Textiles for Nigeria - Study
The article looks at which products Nigeria and China are good at making and trading with each other. By using data from the United Nations, the researchers found that Nigeria can sell fuels to China, while China can sell textiles, clothes, machinery, and electronics to Nigeria. Nigeria is good at exporting raw materials, especially petroleum, while China is good at exporting consumer and capital goods. Nigeria can only meet about a third of China's import needs, while China can meet over half of Nigeria's export needs. The researchers suggest that Nigeria should focus on keeping its current advantages and improving its competitiveness in areas where it is not doing well.