Nigeria-China Strategic Partnership Hosts Top Chinese Investors in Drive for Economic Growth

Nigeria-China Strategic Partnership Hosts Top Chinese Investors in Drive for Economic Growth

In a significant move to deepen economic collaboration between Nigeria and China, the Nigeria-China Strategic Partnership (NCSP) recently hosted a 35-man delegation of top Chinese business leaders and investors in Abuja. The visit aligns with the comprehensive strategic partnership agreement between the Federal Republic of Nigeria and the People’s Republic of China.

The high-powered delegation, led by Mr. Jason Zhu, was facilitated by Pan-African Expansion Industrial Nigeria Ltd and included representatives from various sectors such as science and technology, mining, construction, real estate, healthcare, tourism, and e-commerce.

Receiving the delegation, the Director-General of the Nigeria-China Strategic Partnership, Mr. Joseph Olasunkanmi Tegbe, described Nigeria as a prime investment destination with enormous potential. He noted that the country, as Africa’s largest economy, offers a dynamic and resilient market powered by a youthful population, a strategic geographic location, and pro-investment government reforms.

“Nigeria is a gateway to business across the African continent,” Tegbe said. “We are no longer content with exporting raw materials. Our focus is on transforming these commodities into value-added products through local production, which is why we are calling on investors to come with advanced technology and manufacturing capabilities.”

He emphasized the opportunities in Nigeria’s Free Trade Zones and highlighted government policies designed to enhance economic stability and encourage foreign direct investment.

Tegbe also pointed to Nigeria’s fast-growing technology ecosystem as a major area of interest for international investors. He cited the rise of successful Nigerian tech companies like Andela and Flutterwave as proof of the country’s capacity for innovation and digital transformation. He expressed optimism that greater collaboration between Nigeria and China, a global leader in technology, would yield significant mutual benefits, including job creation, improved infrastructure, and knowledge transfer.

In her remarks, Mrs. Victoria Aigbedion of the Nigerian Investment Promotion Commission (NIPC) outlined the protocols for business registration and entry into the Nigerian market. She assured the Chinese investors of the NIPC’s support in ensuring a seamless and efficient investment process, while also highlighting the incentives available to foreign investors.

The Nigeria-China Strategic Partnership, established to drive socio-economic transformation through targeted investments from China, aligns with President Bola Tinubu’s Renewed Hope Agenda and China’s Belt and Road Initiative. The hosting of the Chinese delegation marks another major step toward strengthening economic ties and fostering mutually beneficial cooperation between both nations.