Nigeria has secured over $20 billion in investment commitments from China to revitalise critical sectors of its economy, including agriculture, automotive manufacturing, steel, energy, and mining.
This was disclosed by the Director General of the Nigeria-China Strategic Partnership (NCSP), who stated that the agreements were reached following the recent elevation of Nigeria-China relations to a Comprehensive Strategic Partnership. The funding, he said, is the result of a series of engagements aimed at fast-tracking Nigeria’s industrial revival through deeper collaboration with Chinese business leaders.
According to the NCSP, the first phase of these investments will begin rolling out later this year, targeting sectors capable of enhancing food security, creating jobs, and repositioning Nigeria as a manufacturing hub in Africa.
“These are not just promises,” he said. “We are looking at tangible projects that will enhance power generation, revive industries, and drive a new wave of economic growth.”
The NCSP, established to drive Nigeria’s engagement with China under the Forum on China-Africa Cooperation (FOCAC), is not limiting its efforts to formal agreements alone. The organisation is also focused on leveraging Chinese technology, financing, and expertise to reactivate Nigeria’s industrial base and open Chinese and broader Asian markets to Nigerian-made products.
This approach, he noted, is in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises economic diversification, industrial competitiveness, and increased local production.
Since its creation, the NCSP has acted as a vital link between Nigerian stakeholders and Chinese investors, coordinating across government, private sector, and diplomatic circles to ensure signed agreements lead to tangible and sustainable development.
“We are not just talking policy; we are delivering action,” he said. “Our mission is to ensure every agreement translates into real, measurable benefits for the Nigerian people.”
