Joseph Tegbe, Director General of the Nigeria-China Strategic Partnership (NCSP), has announced that Nigeria has secured over $20 billion in investment pledges from China, targeted at revitalising critical sectors of the Nigerian economy.
According to Tegbe, the funding will be directed toward key industries, including agriculture, automotive manufacturing, steel, energy, and mining. He noted that these investments are part of broader efforts to accelerate Nigeria’s industrial growth through strengthened collaboration with Chinese business leaders.
In a statement issued by the NCSP on Friday, Tegbe revealed that the $20 billion in commitments were the result of a series of strategic engagements following the recent upgrade of Nigeria-China relations to a Comprehensive Strategic Partnership.
He also noted that implementation of the investments is expected to begin later this year.
The statement read in part: “Following the elevation of Nigeria-China relations to a Comprehensive Strategic Partnership and the establishment of the NCSP, Nigeria has achieved significant progress across vital sectors.”
