China’s capital inflows into Nigeria declined significantly in the first quarter of the year, despite the Nigerian government disclosing that China had committed to a $20 billion pledge from some of its enterprises across critical sectors, including manufacturing, energy, mining and others.
Nigeria’s National Bureau of Statistics (NBS), via its Capital Importation Report for Q1 2026, recently revealed that capital imports from China declined to $5.55 million in Q1 of 2026, compared to $9.39 million the previous year, representing a 40.89% year-on-year dip.
The current figure is also significantly lower than the one recorded the previous quarter.
According to the NBS, Chinese capital inflows declined from the $6.43 million reported in Q4 of 2025.
The decline is noteworthy considering that months earlier, the Nigerian government disclosed that conversations with Chinese businessmen had resulted in investment commitments totaling more than $20 billion.
