This work developed an efficient Ni catalyst based on chitosan for selective hydrogenation of acetylene. The Ni catalyst was prepared by the reaction of the chitosan/carbon nanotube composite with NiSO4 solution. The synthesized Ni-chitosan/carbon nanotube catalyst was characterized by inductively coupled plasma, FTIR, SEM and XRD. The results of FTIR and XRD demonstrated that Ni2+ successfully coordinated with chitosan. The addition of chitosan greatly improved the catalytic performances of Ni-chitosan/carbon nanotube catalyst. Over the Ni-chitosan/carbon nanotube catalyst, both the acetylene conversion and the selectivity to ethylene all achieved 100% at 160 °C and 190 °C, respectively. The catalytic performances of 6 mg Ni-chitosan/carbon nanotube catalyst were even better than that of 400 mg Ni single atom catalyst in literature. Extending the crosslinking time of chitosan and increasing the amount of the crosslinking agent were beneficial to enhance the catalytic effect of Ni-chitosan/carbon nanotube catalyst.