The new national sport

Let's start with our first journey, where we're looking at Nigeria's reliance, would I say reliance on imports from China.

And China is accounting for 40%.

That's a large percentage, right? Because if we're getting 40% from China, that's kind of like a whole lot for Nigeria.

But what does this mean for the Nigerian economy? What does it mean for local productions or producers in the country? Because one of the key, let's say, mandates of every government that we've had now since...

the return to democracy in 1999 has been to improve local production.

We saw the president, former president, good luck, Jonathan's administration, former president, Buhari's administration, and the present administration has been striving to make efforts to ensure that they boost local production.

But now here, there's a scenario, a situation where Nigeria is relying more on Chinese goods.

So what does this mean and how can we adjust the balance?

Okay.

So it's such a situation that when you look at it, please let me verify that you're hearing me.

Yes, I can.

I can.

So it's a situation that's quite dicey because now here's the thing.

Around 39% of Nigeria's the actual figure is 39.07% for the first half of 2026.

When you look at it, imports, Nigeria's imports dropped marginally from the same period last year.

We saw a decline of 15%.

However, we saw an increase of 15%, around 14.5% thereabouts, in imports from China.

But overall imports And here's where it gets funny.

Nigeria imported around $952 billion worth of petrol, making petrol the number one import in that same period.

So around 6% of Nigeria's imports during the period was on TMS, that's refined petrol.

But Nigeria did not import any petrol from China.

So we import petrol from Belgium, from Netherlands and from Germany and India.

These are the four countries Nigeria basically imports petrol

from.

So when you remove petrol from the equation, you see that Nigeria's imports from China is around 41% of total non-petrol imports.