The Nigeria-China Strategic Partnership (NCSP), has disclosed that through recent engagements between the agency and the Chinese business community, Nigeria 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 set to boost food security, create jobs, and drive a new wave of industrial development in the country.
Director General of the NCSP, Joseph Tegbe, who dropped the hints in Abuja during an interactive session with the media reaffirmed his commitment towards strengthening bilateral collaboration between Nigeria and China as part of efforts to drive Nigeria’s industrialisation and economic growth.
Tegbe underscored NCSP’s role as a critical enabler, fostering productive partnerships between Nigerian stakeholders and Chinese business leaders.
He highlighted the agency’s ongoing efforts to attract investments, facilitate stakeholder engagements, and ensure due diligence in business relations between both countries, to guarantee tangible, long-term benefits.
Tegbe reiterated NCSP’s mandate 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,” Tegbe stated.
“We are paving the way for Nigerian products to gain access to Chinese and broader Asian markets while accelerating the execution of strategic, game-changing national development projects later this year, ” he said.
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.
The NCSP’s activities, Tegbe said, align with President Bola Ahmed Tinubu’s Renewed Hope Agenda, aimed at fast-tracking national development and positioning Nigeria as Africa’s industrial powerhouse.
Tegbe saud that NCSP will continues to bridge the gap between policy and execution by coordinating efforts across government agencies, the private sector, and diplomatic entities to ensure Nigeria maximises its trade and investment relations with China for sustainable economic advancement.
