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  • NCSP DG Tegbe partners NIPC to Boost Chinese Investment in Nigeria

    NCSP DG Tegbe partners NIPC to Boost Chinese Investment in Nigeria

    In a significant step toward enhancing foreign direct investment (FDI), Director-General Joseph Tegbe of the Nigeria-China Strategic Partnership (NCSP) recently hosted Ms. Aisha Rimi, Executive Secretary and CEO of the Nigerian Investment Promotion Commission (NIPC).

    According to a statement from the NCSP media office, the meeting highlighted the deepening collaboration between the two entities to facilitate Chinese business investments in Nigeria, aligning with the country’s economic diversification goals.

    “The NCSP and NIPC have been working closely in recent months to create a more investor-friendly environment for Chinese enterprises.

    “Their efforts focus on streamlining the entry and establishment processes for Chinese businesses, fostering industrial growth, and promoting technology transfer.

    “This partnership is a cornerstone of the Nigeria-China Strategic Partnership, which seeks to strengthen economic ties between the two nations,” the statement said.

    It noted that the engagement supports President Bola Ahmed Tinubu’s Renewed Hope agenda, which emphasizes economic growth, job creation, and inclusive development.

    “By attracting Chinese investment in key sectors, the NCSP-NIPC collaboration aims to drive industrial development and create opportunities that improve the livelihoods of Nigerians,” the statement added.

    Speaking during the engagement,  Tegbe said the strategic partnership with China is key to Nigeria’s economic transformation.

    “Our work with NIPC ensures that Chinese investors find a welcoming and efficient environment, which will translate into tangible benefits for our economy and people,” he said.

    In her remarks, Rimi said the NIPC is committed to making Nigeria a top destination for global investors.

    “Our collaboration with NCSP is unlocking new opportunities for Chinese businesses, which will contribute to job creation and sustainable development,” the NIPC boss said.

    China-Nigeria trade relations have grown significantly since diplomatic ties were established in 1971, driven by mutual economic interests and Nigeria’s quest for development. In 2023, bilateral trade reached $22.6 billion, making Nigeria one of China’s top trading partners in Africa, with a 33% annual growth rate.

  • Tegbe, Reps Committee Vow to Strengthen Nigeria-China Relations

    Tegbe, Reps Committee Vow to Strengthen Nigeria-China Relations

    Michael Onjewu, Abuja

    Joseph Tegbe, Director-General and Global Liaison of the Nigeria-China Strategic Partnership (NCSP) on Tuesday paid a courtesy visit to Hon. Jaafaru Yakubu, Chairman of the House of Representatives Committee on Nigeria-China Parliamentary Relations, at the National Assembly Complex in Abuja.

    According to a statement from the lawmaker’s office, both parties discussed collaboration, synergy, and cooperation between the executive and legislative branches regarding Nigeria-China developmental relations.

    In his remarks, Hon. Jaafaru stated that his committee will review laws pertaining to mining, manufacturing, and construction to position Nigeria not just as a trade partner of China, but as a developmental partner.

    On his part, Tegbe stated that Nigeria aims to leverage China’s modernization policy for industrialization.

    “We envision being in a net surplus position within the next five years. There is nothing Brazil is doing with China that Nigeria cannot achieve, and we will also leverage China’s modernization policy for Nigeria’s industrial growth,” he noted.

    This visit follows Tegbe’s recent trip to China, aimed at enhancing bilateral relations between the two nations.

    During the China visit, Tegbe engaged with senior Chinese government officials and participated in strategic meetings aimed at finalizing agreements that will bolster the Nigerian economy in critical sectors such as agriculture, alternative energy, healthcare, mining, education, and technology.

    In September 2024, President Bola Tinubu appointed Tegbe as Director-General of the NCSP, tasking him with implementing various Memoranda of Understanding (MoUs) signed between China and Nigeria during the Beijing summit of the Forum on China-Africa Cooperation (FOCAC). Tegbe is also responsible for promoting a deeper understanding of developmental programs between the two countries.

    Some of the MoUs signed at the summit include: Cooperation on jointly promoting the Belt and Road Initiative (BRI), Peaceful application of nuclear energy, Strengthening cooperation on human resource development under the Global Development Initiative and Media exchange and collaboration between China Media Group and the Nigerian Television Authority (NTA).