Nigeria Strengthens Ties with China: DG of Nigeria-China Strategic Partnership, Joseph Tegbe, Meets with China Exim Bank and China Development Bank

Joseph Tegbe, Director-General of the Nigeria-China Strategic Partnership, is driving efforts to enhance collaboration between Nigeria and China. Recently, he met with representatives from China EXIM Bank and China Development Bank to reassess priorities for projects under the Forum on China-Africa Cooperation (FOCAC) and explore alternative funding options to expedite project delivery. This move aims to strengthen economic ties and foster growth between the two nations.

Mr Joseph Tegbe, Director-General of the Nigeria-China Strategic Partnership

As part of the 2024 Forum on China-Africa Cooperation (FOCAC) project implementation and investment drive, Joseph Tegbe, Director-General of the Nigeria-China Strategic Partnership, is currently in China with his team. During his visit, Tegbe toured the CCCC Headquarters in Beijing and inspected the company’s state-of-the-art poultry farm, which boasts an impressive daily production of 2.5 million eggs.

The goal of this visit is to explore the feasibility of replicating this innovative agricultural project in Nigeria, leveraging creative funding models such as the contractor-financed approach successfully employed in the Lekki Deep Seaport project. He held strategic meetings with Lin Yifu, a world-renowned economist and former World Bank Director, who is committed to supporting the NCSP in implementing policy and reforms for the partnership and attracting major Chinese investments into the country.

Other areas visited include the leading company in the power transmission and transformation industry, TBEA, in Xinjiang, where discussions were held on high-priority opportunities and supergrids. Investment prospects in mini- and microgrid solutions to improve Nigeria’s power sector were also explored.

To further deepen engagements in China, the delegation will proceed to Shanghai, Shenzhen, and Guangzhou to strengthen talks with companies involved in FOCAC projects for speedy implementation.

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