China takes home about $16 billion from Nigeria every year — that’s roughly $44 million every single day. Based on official data (Chinese Customs, Nigeria’s NBS & UN COMTRADE — Oct. 2025 updates): ⸻ ✅ Where the money comes from 1️⃣ Imports into Nigeria (≈ 86%) • Nigeria bought $18.9bn of Chinese goods in 2024 — machinery, phones, vehicles, textiles, solar • 2025 Jan–Sept already $14.2bn → full-year trend ~$19bn (Local customs recorded N14.15trn ≈ $8.8bn @ N1,600/$ — but COMTRADE confirms higher USD valuation.) 2️⃣ Nigeria’s exports to China (≈ 14%) • China purchased just $3bn of Nigerian crude, LNG, sesame, copper in 2024 • 2025 spike: +236% growth → $1.8bn Jan–Sept 3️⃣ Construction & loans • Chinese contractors executed $2.1bn of roads/rail (e.g., Lagos–Ibadan line, Lekki Port) • Interest on Belt-and-Road loans: ~$250m/year (Nigeria still owes $5.3bn) ⸻ ✅ The totals • 2024: $21.3bn China–Nigeria flows • 2025: ~$22bn projected ⸻ ❌ The imbalance — Nigeria bleeds cash • Nigeria → China: $3bn (oil, agricultural goods) • China → Nigeria: $19bn (phones, cement, electronics) ➡ China walks away with a $16bn net surplus every year ➡ 80% of the value stays in China ⸻ 🤯 Hard numbers to digest • $16bn = 4× the entire Nigeria 2025 education budget • Just one Chinese phone factory in Ogun ships $1.2bn profit back yearly • Huawei alone secured $1.8bn in Nigerian government contracts in 2024 • Nigeria owes China more than World Bank debt on key infrastructure ⸻ 🔍 The bottom line China extracts $16 billion NET from Nigeria annually — the biggest one-way financial pipeline in Africa. That’s the real definition of “win-win” — and China wins twice.