Nigeria-China Trade Relations: Implication on the Nigerian Domestic Economy

Abstract

The study assesses the increased trade relations between Nigeria and China with a view to providing information on its implication on the Nigerian domestic economy through the assessment of the perceptions of local manufacturers and entrepreneurs and current trade statistics between the two countries. Data were collected from both primary and secondary sources. Primary data were sourced through the administration of questionnaire on 400 randomly selected respondents. The results showed a trade imbalance in favour of China, however, Nigeria stands to gain from the China’s model of growth and manufacturing expertise. The study concluded that the Nigerian government should encourage massive direct investment and the location of production facilities in Nigeria by the Chinese firms rather than trade relations to correct the imbalance and provide more jobs for Nigerians.

Keywords: Nigeria, China, Trade, Manufacturing