Fake human hairs, woven fabric, women's suits and other goods made the list of N1.4trillion ($1.95 billion) imported items to Nigerian from China in April 2023. This was made due to the failures of several interventions by the Nigerian government to revive the ailing local textile in the African most populous country.
June 29, 2023The Central Bank has previously claimed that textile smuggling cost Nigeria about N1.65 trillion per year, resulting in the failure of over 130 businesses.
The top Chinese imports to Nigeria include synthetic filament yarn woven cloth worth $160 million, insecticides for $84.1 million, non-knit women's outfits worth $81.5 million, cellphones at $67.2 million, and false hair worth $59 million. It was discovered that none of the textile companies had begun production since the involvement of the Central Bank of Nigeria .
Hunan Province received $180 million and Jiangsu Province received $138 million, respectively, while Nigeria's exports to China were mostly to Fujian Province , Beijing , Zhejiang Province , Guangdong Province , and Shanghai Province . During the time, GACC reported that China's main imports from Nigeria were petroleum gas and crude petroleum .
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