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This research aims to analyze how the devaluation of the Naira impacts Nigeria's trade balance with China.

May 10, 2026Open Access

Effect of Naira devaluation on Nigeria's trade balance with China

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Exploratory research reveals currency devaluation impacts trade balance with China, leading to economic challenges.

This research aims to analyze how the devaluation of the Naira impacts Nigeria's trade balance with China.
Exploratory research approach
Utilized secondary data from trade statistics and Central Bank of Nigeria publications
Identified patterns and causal relationships
Nigeria's trade imbalance with China reached $18 billion in 2023 due to inelastic demand for Chinese goods
Devaluation raised import costs and inflation to 33% by early 2024
No significant increase in non-oil exports or reduction in import reliance.

Adedeji Gbadebo (2025) studied this question.

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