The Director General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has announced that Nigeria has secured more than $20 billion in investment commitments from China, targeting key sectors crucial to the country’s economic transformation.
According to Tegbe, the funding is set to boost critical industries including agriculture, automotive manufacturing, mining, steel production, and energy. He noted that the investment inflow follows a series of high-level engagements after the recent elevation of Nigeria-China relations to a Comprehensive Strategic Partnership.
“These 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,” Tegbe stated in an official release on Friday.
He added that the investments, facilitated through the NCSP, are scheduled to begin rolling out later this year and are part of broader efforts to accelerate Nigeria’s industrial revival through deeper collaboration with Chinese business leaders.
“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 statement read. “Recent engagements have secured over $20 billion in investment commitments… set to drive a new wave of industrial development in the country.”
Tegbe explained that the NCSP, established under the framework of the Forum on China-Africa Cooperation (FOCAC), is focused on moving beyond formal agreements to deliver concrete economic outcomes.
“Our 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,” he said.
He further revealed that the NCSP is also working to gain access to Chinese and wider Asian markets for Nigerian-made goods—an initiative aimed at diversifying exports and building value-added supply chains.
Tegbe emphasized that the NCSP’s strategy is in alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which places economic diversification, local production, and industrial competitiveness at its core.
Since its establishment, the NCSP has functioned as a strategic conduit between Nigerian institutions and Chinese investors, coordinating initiatives across public and private sectors as well as diplomatic channels.
“We 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,” Tegbe asserted.
