Nigeria must export better, not more under China zero-tariff — FG
Nigeria’s FG says the nation must focus on exporting value-added products, not just raw commodities, under China’s new zero-tariff policy. Read More: https://punchng.com/nigeria-must-export-better-not-more-under-china-zero-tariff-fg/
The Federal Government of Nigeria has emphasized the need for the country to focus on exporting value-added products rather than merely increasing the volume of raw commodities, following China's decision to grant zero-tariff access to goods from 53 African countries. This policy, announced by the Minister of State for Agriculture and Food Security, Aliyu Abdullahi, at a seminar in Abuja, presents an unprecedented opportunity for Nigeria to diversify its exports beyond crude oil and accelerate value-added production and agro-industrial development.
Abdullahi cautioned that while zero tariffs create opportunity, they alone do not guarantee success, and Nigeria must address challenges such as improved agricultural productivity, modern processing industries, efficient logistics, quality assurance, traceability, competitive financing, and modern storage infrastructure to fully capitalize on the Chinese market.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.