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China supplies 39% of Nigeria’s N28tn imports

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Nigeria imported goods worth N11.01 trillion from China in the first half of 2026, accounting for nearly 40 per cent of the country’s total imports, amid growing concerns by the National Agency for Food and Drug Administration and Control over Chinese-linked counterfeit networks.

An analysis by The PUNCH of the latest Foreign Trade in Goods Statistics reports released by the National Bureau of Statistics showed that imports from China rose from N5.10tn in the first quarter to N5.92tn in the second quarter.

The combined N11.01tn represented 39.27 per cent of Nigeria’s N28.04tn total imports between January and June 2026, indicating that almost N4 out of every N10 spent on imported goods during the period went to products originating from China.

China’s share of Nigeria’s imports also increased considerably from the corresponding period of last year. NBS data showed that Nigeria imported N4.66tn from China in Q1 2025 and N4.96tn in Q2, bringing the first-half figure to N9.62tn.

This means imports from China increased by N1.39tn, or 14.49 per cent, to N11.01tn in H1 2026. The increase occurred despite a contraction in Nigeria’s overall import bill. Total imports fell from N33.14tn in the first half of 2025 to N28.04tn in H1 2026, representing a decline of 15.37 per cent.

Consequently, China’s share of Nigeria’s imports jumped from 29.03 per cent in the first half of 2025 to 39.27 per cent in the corresponding period of 2026, an increase of more than 10 percentage points.

The development reinforces China’s position as Nigeria’s largest source of imported goods. In Q1 2026, Nigeria’s total imports stood at N13.62tn, an 18.17 per cent decline from N16.64tn in the corresponding period of 2025.

China supplied N5.10tn worth of the imports, representing 37.42 per cent of the total. The United States ranked second with N2.81tn, while India followed with N992.87bn.

The concentration deepened in the following three months. Imports from China rose by 16.09 per cent quarter-on-quarter to N5.92tn in Q2, equivalent to 41.02 per cent of Nigeria’s N14.42tn total imports during the period.

The United States, Nigeria’s second-largest source of imports in the quarter, accounted for only N1.01tn or 6.97 per cent, while India supplied N924.46bn or 6.41 per cent. The Netherlands and Germany accounted for N409.81bn and N395.87bn, respectively.

The figures showed that China supplied almost six times as many goods to Nigeria as the United States in Q2. Compared with Q2 2025, imports from China increased by N955.58bn or 19.26 per cent from N4.96tn, even as Nigeria’s total imports fell by 12.55 per cent year-on-year.

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The growing value of Chinese imports comes amid renewed concerns about counterfeit and substandard products in the Nigerian market.

Online discourse surrounding the rise of fake items reached a fever pitch recently. Nigerians, including influencers like Scott Iguma and Aproko Doctor, raised the alarm over the rise of these counterfeit materials. Social media posts have gone viral about fake toothpastes, creams, contaminated bottled water and adulterated yoghurt drinks.

NAFDAC’s Director of Investigation and Enforcement, Martins Iluyomade, earlier told The PUNCH that the agency had uncovered what it described as a new trend involving some Chinese counterfeiters operating within Nigeria.

According to him, investigations indicated that some operators identify popular products in the Nigerian market, arrange for their replication and use logistics networks to distribute the counterfeits.

He said the practice had changed from an earlier model under which Nigerian counterfeiters travelled to China to arrange production.

Iluyomade said, “Before, to fake a product, you needed to go to China to bring it. Now, you don’t need to go. They are here (in Nigeria) with us. They are the ones who will identify the product that will be moving, send it to their country (China), and then come here and distribute it to our people (Nigerians) without having to travel.

Describing it as a “new trend making it (fake goods situation) look this serious,” he noted that NAFDAC discovered the “Chinese people (counterfeiters) own the logistics companies which they used to bring these (fake goods) things.”

The official added that NAFDAC had been closing logistics companies allegedly connected to the distribution networks as part of efforts to disrupt the supply of counterfeit products.

However, the agency’s allegations do not suggest that the N11.01tn worth of imports from China were counterfeit. The scale of Chinese trade, nevertheless, highlights the size of the supply chain requiring regulatory oversight at Nigeria’s borders and within the domestic market.

Further analysis showed that China’s dominance was even greater within Nigeria’s trade with Asia. Imports from Asia amounted to N7.55tn in Q1 and N8.56tn in Q2, taking the first-half figure to N16.12tn. China’s N11.01tn accounted for 68.34 per cent of the total.

This means more than two-thirds of every naira Nigeria spent on goods imported from Asia during the first six months of 2026 went to China. Asia itself strengthened its position as Nigeria’s dominant import region. It supplied 55.45 per cent of imports in Q1, before its share increased to 59.37 per cent in Q2.

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The products coming from China also showed the country’s importance to several sectors of the Nigerian economy beyond consumer goods. In Q1, one of the leading imports from China was machines for the reception, conversion and transmission of voice, images or data, valued at N254.41bn.

Other major products included seeders, planters and transplanters worth N137.94bn; parts of apparatus for transmitting or receiving voice, images or data valued at N104.53bn; herbicides and related agricultural products worth N103.83bn; and line pipes used for oil and gas pipelines valued at N81.15bn.

The pattern shifted somewhat in Q2, with photovoltaic cells assembled into modules or panels worth N184.02bn ranking among the leading imports from China.

Nigeria also imported N158.73bn worth of machines for receiving, converting and transmitting voice, images or data; N152.56bn of machinery with a 360-degree revolving superstructure; N128.88bn of herbicides and related products; and N126.45bn of machinery for cleaning, sorting or grading seeds and grains.

The figures indicate that Chinese supplies remain significant to Nigeria’s telecommunications, agriculture, construction, renewable energy and industrial sectors. The growing dependence on China also coincided with a rise in Nigeria’s overall manufactured goods imports.

Manufactured goods imports stood at N8.48tn in Q1 2026, up 12.94 per cent from N7.51tn in the corresponding quarter of 2025. The figure increased further to N9.51tn in Q2, representing a 20.65 per cent rise from N7.88tn recorded a year earlier and a 12.10 per cent increase from Q1.

Consequently, Nigeria imported N18tn worth of manufactured goods in the first six months of 2026, equivalent to 64.16 per cent of the country’s total import bill. Beyond the volume of imports, the NBS figures revealed a wide imbalance in Nigeria’s merchandise trade with China.

Nigeria exported N582.20bn worth of goods to China in Q1 and N506.57bn in Q2, bringing exports to the country to N1.09tn in the first half of 2026. With imports standing at N11.01tn, Nigeria consequently recorded an estimated N9.92tn merchandise trade deficit with China during the six-month period.

The figures mean that for every N1 worth of goods Nigeria exported to China, it imported about N10.11 worth of goods from the Asian country. Nigeria’s exports to China represented only about 2.26 per cent of its N48.19tn total exports during the period, further illustrating the imbalance in bilateral merchandise trade.

Meanwhile, NAFDAC has intensified enforcement against counterfeit and substandard products following growing public concerns about the circulation of fake medicines, food products, cosmetics and other regulated goods.

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The agency said it had secured 64 convictions for counterfeiting offences between June 2025 and June 2026, while investigations and enforcement operations had resulted in seizures and destruction of large quantities of unregistered and counterfeit products.

NAFDAC Director-General, Prof Mojisola Adeyeye, also disclosed that the agency had destroyed or seized more than N1.54tn worth of fake and substandard regulated products nationwide since 2023.

In a related development, Organised Private Sector operators said counterfeiting was eroding profits, discouraging investment and pushing legitimate producers out of business.

Speaking earlier with The PUNCH, the Vice Chairman, Lagos Chapter of the National Association of Small-Scale Industrialists, Peter Popoola, said counterfeiting was hurting members of his association in multiple ways.

“Counterfeiting reduces our sales and profits. It also damages the reputation of legitimate brands because the consumer may not know the difference until he uses the product and it turns out bad,” Popoola said.

He explained that small businesses lacked the financial muscle to protect their products from imitators. “The cost of protecting our products and taking possible legal action is high. SMEs’ finances are generally limited; we cannot afford it. It slows down our growth and leads to job losses,” he stated.

Popoola described counterfeiting as “evil” and destructive to lives, property and investment. He blamed the recurring cycle of counterfeiting on weak political will, corruption and widespread poverty, noting that many consumers deliberately sought cheaper, fake alternatives despite knowing the risks. “When the original wire sells for N2,000 and the fake sells for N1,000, people go for the fake one. In a month, the wire cuts,” the NASSI executive said.

He called for government-backed grants and low-interest credit facilities to help genuine small manufacturers scale up production, alongside consumer credit schemes that would make quality products more affordable.

Meanwhile, the Chief Executive Officer of Spectra Industries Limited, Duro Kuteyi, said dwindling household incomes were driving Nigerians toward counterfeit products. “There is not much money in the pocket, so everybody is looking for cheap items, and that is where counterfeiters gain access to the market,” Kuteyi said.

The renowned manufacturer urged consumers to watch for tell-tale signs of fake goods, from poorly positioned labels to soft drinks without gas.

Source: punchng.com

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Jide Kosoko laments debt following N300m movie cinema loss

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Veteran Nollywood actor and filmmaker Jide Kosoko has said he is in debt after his film, Eleko: Oba Esugbayi, failed to recoup its production cost of over N300m in cinemas.

Kosoko disclosed this in a now trending clip from his interview on African A-List published on October 17, where he explained that the money used to produce the film came from investors who expected returns on their investment.

According to him, the film which premiered in the cinemas in March, failed to generate enough revenue to recover its production cost, while the little money earned was shared among those involved.

“My film ‘Eleko: Oba Esugbayi’ that recently came out and we took to the cinemas, cost us over N300 million. Do I have 300 million? You should know that some people gave it to me and it was not that they dashed me, they invested in it and we took the film to the cinemas,” he said.

He added, “Different things happened and we did not earn our money back. The little that was earned was split. As I am, if you hear someone with debt dancing around their neck, it is me.”

PUNCH Online had earlier reported that Kosoko revealed he had been living with diabetes since 1996, saying his decades-long experience with the condition had given him a better understanding of his health.

The actor made this known in an interview on African A-List, uploaded to YouTube on Saturday.

“I became diabetic in 1996; I understand my health better than some doctors do. Do not misquote me. I am not saying I know how to do everything, I just do not want to die,” Kosoko said.

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He also spoke about his personal life, disclosing that he had lost three wives, including the mother of his daughter, Bidemi Kosoko, who died during childbirth.

“I lost my wife during childbirth; that’s Bidemi’s mother. I have lost three wives,” he said.

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Airline extends Saudi flights suspension after Houthi strikes

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UAE national airline Etihad has extended until November 5 its suspension of flights to Riyadh and Dammam in Saudi Arabia, targeted by strikes from Yemen’s Houthis.

Etihad had suspended its service to Riyadh on October 12, two days after a deadly attack on a passenger terminal killed 13 people.

In a statement on Thursday, Etihad specified that flights to and from Riyadh and Dammam would remain suspended due to “operational disruptions”.

On Wednesday evening, two people were killed and eight others wounded in an attack on Dammam airport.

The airport, however, reopened the following day, while the capital’s airport remains closed.

Etihad added that it would operate only daytime flights to the western city of Jeddah, with night flights cancelled until November 5.

In recent weeks, Houthi attacks on Saudi civilian infrastructure including oil facilities and airports have reached a scale unprecedented since the start of the conflict in Yemen in 2014.

AFP

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States push for suspension of Paris Club deductions

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State governors have rejected deductions from allocations due to the states from the Federation Account in the September 2026 revenue-sharing cycle, arguing that the deductions would further squeeze their finances, The PUNCH reports.

The states also called for the suspension of deductions linked to the Paris Club refund to local government councils, alleging that the payments were resumed without prior communication and reconciliation with affected states.

Their opposition comes after the three tiers of government shared N668.4bn less of August 2026 revenue distributed in September, heightening concerns over the impact of lower revenue receipts on states’ ability to meet their financial obligations.

The governors also demanded the redistribution of the proposed N240bn savings, insisting that the funds should be shared among the federal, state and local governments rather than deducted or retained under the proposed arrangement.

The complaints were raised by several state Accountants-General during the technical session of the Federation Account Allocation Committee meeting, according to a report by the committee’s technical sub-committee, dated 14 October, 2026, obtained by The PUNCH on Thursday.

The meeting, held at the Federal Ministry of Finance headquarters in Abuja, considered revenue accounts for August and the amounts available for distribution in September.

The report showed that the total amount recommended for distribution to the federal, state and local governments stood at N2.339tn, compared with N3.007tn shared in the previous month, representing a decline of N668.4bn.

The statutory revenue available for distribution dropped more sharply, falling from N2.283tn in the previous month to N1.566tn in August, a decrease of N717.08bn.

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However, revenue from Value Added Tax increased to N773.23bn from N724.46bn, providing some relief amid the decline in statutory revenue.

The Director of the Federation Account Department, Okolie Rita, who presented the accounts, told the committee that the statutory revenue available for distribution was calculated after deducting N85.71bn and N36.83bn as four per cent costs of collection for the Nigeria Revenue Service and the Nigerian Upstream Petroleum Regulatory Commission, respectively.

The revenue decline triggered calls from state representatives for the Federal Government to release additional funds and reconsider deductions that they said were putting pressure on state finances.

The Accountant-General of Akwa Ibom State, Andrew Essien, observed that August revenue had dropped considerably compared with July and appealed for the proposed N240bn savings to be returned to the distributable pool.

The Accountant-General of Jigawa State, Abdullahi Shehu, recalled an earlier proposal to augment the previous month’s revenue with N250bn, which he said had not been implemented. He urged the committee to combine the promised N250bn with the proposed N240bn savings and redistribute the funds to the three tiers of government.

The Accountant-General of Bayelsa State, Tokoni Ifidi, supported the demands and raised concerns about deductions for the Paris Club refund to local government councils.

She said the deductions were introduced without prior communication to the states, despite what she described as an earlier commitment in 2025 concerning the deductions, which began in February that year and were stopped by a court order in April 2026.

The document read, “AG Akwa Ibom observed a considerable drop in the revenue of August, 2026 compared to July, 2026 and appealed for the proposed savings of N240bn to, instead, be redistributed. AG Jigawa recalled that there was a proposal to augment the previous month’s revenue with the sum of N250bn but it had not been done. He suggested that the N250bn promised in the previous month should be added to the proposed savings of N240bn and be redistributed.”

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The Director of the Federation Account Department explained that the Paris Club deductions were not new, noting that they had previously been suspended following a court order.

The Bayelsa representative, however, maintained that the deductions should continue to be suspended pending reconciliation. She said the Economic and Financial Crimes Commission had held reconciliation sessions with local government councils and was awaiting feedback from the Office of the Accountant-General of the Federation on the commencement and continuation of the deductions.

The Accountant-General of Niger State, Saidu Abdullahi, criticised the handling of the deductions, arguing that the ministry had made a mistake from the beginning by distributing funds without adequate planning and proper communication.

He insisted that previous agreements should be honoured, particularly the proposed N250bn augmentation, while supporting calls for the redistribution of the N240bn savings.

The Accountant-General of Cross River State, Glory Effiong, also backed the demand for the savings to be redistributed, observing that deductions had consumed a substantial portion of the earnings of many states.

She said she had not been invited to any reconciliation meeting on the Paris Club debt since joining the committee and urged the Office of the Accountant-General of the Federation to improve its communication with state representatives.

The Accountant-General of Jigawa State further questioned the amount deducted under security-related expenditure, describing the quantum of deductions as alarming and calling for a review.

The Accountant-General of Nasarawa State, Musa Mohammed, stressed that states should be properly informed and invited to reconciliation meetings before decisions affecting their allocations were implemented.

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Source: punchng.com

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