The Federal Government has reaffirmed its commitment to strengthening bilateral collaboration between Nigeria and China as part of concerted efforts to drive Nigeria's industrialisation and economic growth.
To achieve this goal, the government plans to leverage the Nigeria-China Strategic Partnership (NCSP) as a platform to foster productive partnerships between Nigerian stakeholders and Chinese business leaders.
During a media interactive session in Abuja, the Director General of the Nigeria-China Strategic Partnership (NCSP), Mr. Joseph Olasunkanmi Tegbe, revealed that President Bola Tinubu has already approved the facilitation of Chinese business leaders' entry into the country to stimulate economic and industrial growth.
Strategic Implementation of FOCAC Projects
Tegbe 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 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."
Significant Investment Commitments
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.
According to Tegbe, 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 set to boost food security, create jobs, and drive a new wave of industrial development in the country," he explained.
The NCSP's activities align with President Bola Ahmed Tinubu's Renewed Hope Agenda, aimed at fast-tracking national development and positioning Nigeria as Africa's industrial powerhouse.
As Director General of NCSP, Tegbe said he would continue to bridge 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.
Stay updated with the latest developments on Nigeria-China relations by following BenriNews on our social media platforms: Facebook, Twitter, LinkedIn, WhatsApp, and Telegram.
