Nigeria-China partnership secure over $20bn in investment commitments, says DG Tegbe
The Director General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, on Friday disclosed that the engagements between the two countries have secured over $20 billion in investment commitments across key sectors of Nigeria.
Tegbe in a statement issued by the NCSP stressed on the need to strengthen bilateral collaboration between Nigeria and China as part of ongoing efforts to drive Nigeria’s industrialisation and economic growth.
He highlighted the NCSP’s ongoing commitment to coordinating investments, facilitating stakeholder engagements, and ensuring due diligence to guarantee that Nigeria-China collaborations yield tangible, long-term benefits.
He added that following the elevation of Nigeria-China relations to a Comprehensive Strategic Partnership and the establishment of the NCSP, Nigeria has recorded significant milestones in key sectors.
He stated, “Recent engagements have secured over $20 billion in investment commitments, focusing on critical sectors such as agriculture, automotive manufacturing, mining, steel production, and energy.”
These investments are expected to boost food security, create jobs, and trigger a new wave of industrial development in the country.
Tegbe further mentioned that the NCSP’s mandate is to steer the implementation of projects under the Forum on China-Africa Cooperation (FOCAC), while also pursuing additional partnerships beyond the formal agreements.
“Our focus is to ensure that Nigeria not only implements FOCAC projects efficiently but also leverages Chinese expertise, technology, and financing to reactivate Nigeria’s manufacturing and industrial sectors,” he stated.
He said the NCSP will continue to align with President Bola Ahmed Tinubu’s Renewed Hope Agenda, aimed at fast-tracking national development and positioning Nigeria as Africa’s industrial powerhouse.
