The Director General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, says that Nigeria has secured over $20bn in investment commitments from China to transform key sectors of the Nigerian economy.<\/p>\n
Tegbe stated that the investments are channelled into critical sectors such as agriculture, automotive manufacturing, steel, energy, and mining, and that they are part of ongoing efforts to fast-track Nigeria\u2019s industrial revival through deepened collaboration with Chinese business leaders.<\/p>\n
The statement from the NCSP, said that the $20bn commitment was secured through a series of engagements following the recent elevation of Nigeria-China relations to a Comprehensive Strategic Partnership.<\/p>\n
He added that the investments will begin rolling out later this year.<\/p>\n
\u201cFollowing 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.<\/p>\n
\u201cRecent 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.<\/p>\n
\u201cThese are not just promises. We are looking at tangible projects that will create jobs, boost food security, enhance power generation, and reposition Nigeria as a major manufacturing hub in Africa,\u201d he said.<\/p>\n
Tegbe explained that the NCSP, which was established to steer Nigeria\u2019s engagement with China under the Forum on China-Africa Cooperation, is also leveraging partnerships beyond formal agreements to bring about transformative economic results.<\/p>\n
\u201cOur focus is to ensure Nigeria not only implements FOCAC projects efficiently but also leverages Chinese expertise, technology, and financing to reactivate our industrial and manufacturing base,\u201d he said.<\/p>\n
He added that the NCSP is working to open up Chinese and broader Asian markets to Nigerian-made products, a move he believes will diversify the country\u2019s exports and create value-added supply chains.<\/p>\n
The NCSP\u2019s strategy, according to Tegbe, aligns with President Bola Tinubu\u2019s Renewed Hope Agenda, which prioritises economic diversification, local production, and industrial competitiveness.<\/p>\n
Since its inception, the NCSP has positioned itself as a critical bridge between Nigerian stakeholders and Chinese investors, coordinating efforts across government agencies, private sector actors, and diplomatic institutions.<\/p>\n
\u201cWe are not just talking policy; we are delivering action. Our role is to ensure that every agreement signed translates into impactful, sustainable development for the Nigerian people,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Director General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, says that Nigeria has secured over $20bn in investment commitments from China to transform key sectors of the Nigerian economy. Tegbe stated that the investments are channelled into critical sectors such as agriculture, automotive manufacturing, steel, energy, and mining, and that they are part […]<\/p>\n","protected":false},"author":6,"featured_media":17044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"APA News","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[32,2362,27],"tags":[396,175,4221],"class_list":["post-17043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured","category-west-africa","tag-china","tag-nigeria","tag-nigeria-china-strategic-partnership-ncsp"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/17043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=17043"}],"version-history":[{"count":0,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/17043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/17044"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=17043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=17043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=17043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}