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Nigeria secures $20bn China deal for manufacturing, energy, others - PUNCH
The Director General of the Nigeria-China Strategic Partnership, Joseph Tegbe, has disclosed that Nigeria has secured over $20bn in investment commitments from China, aimed at transforming key sectors of the Nigerian economy.
Tegbe said the investments are channelled into critical sectors such as agriculture, automotive manufacturing, steel, energy, and mining, adding that they are part of ongoing efforts to fast-track Nigeria’s industrial revival through deepened collaboration with Chinese business leaders.
In a statement on Friday from the NCSP, Tegbe said the $20bn commitment was secured through a series of engagements following the recent elevation of Nigeria-China relations to a Comprehensive Strategic Partnership.
He added that the investments will begin rolling out later this year.
The statement partly read, “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.
“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.
“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 explained that the NCSP, which was established to steer Nigeria’s engagement with China under the Forum on China-Africa Cooperation, is also leveraging partnerships beyond formal agreements to bring about transformative economic results.
“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 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’s exports and create value-added supply chains.
The NCSP’s strategy, Tegbe said, aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises economic diversification, local production, and industrial competitiveness.
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.
“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,” he said.
