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As part of the Forum on China-Africa Cooperation (FOCAC) projects coordination, and investment drive, the Director-General of the Nigeria-China Strategic Partnership (NCSP) Joseph Tegbe continued his strategic engagement with key Chinese stakeholders to deepen the bilateral cooperation.
The visit aimed to review priority FOCAC projects, explore innovative funding options, and attract major Chinese investments into Nigeria.
In Beijing, the Director-General met with representatives from China EXIM Bank and China Development Bank to discuss accelerated delivery of priority projects.
The delegation also visited the China Communications Construction Company (CCCC) Headquarters, where they toured a 2.5 million eggs-per-day production poultry farm.
This visit aimed to assess the feasibility of replicating similar projects in Nigeria using innovative funding models, such as the part contractor-financed, BOT, etc as recently adopted in other China financed projects.
Furthermore, the Director-General held strategic sessions with renowned Economist and former World Bank Director Prof Justin Lin Yifu, who pledged support for the NCSP office in areas of policy implementation, reforms, and attraction of Chinese investments.
His delegation was also hosted by China National Chemical Engineering International Corporation Ltd (CNCEC), whose President Li Zhenyi, expressed his company’s commitment to contributing to Nigeria’s economic growth through construction and industrialization specifically their strong desire to support the development of the $20 billion Ogidigben Gas Project in partnership with other Nigerian stakeholders in a restructured funding partnership.
The Director-General acknowledged CNCEC’s technical capabilities and their previous accomplishments; and also reiterated the bold and audacious support of President Bola Ahmed Tinubu on the major developmental projects across Nigeria as national priority to fast track the Nation’s industrialization.
In addition, the delegation moved to Xinjiang where they visited TBEA, the number 1 electricity corporation in China and leading power transmission enterprise. They discussed status of their project and explored investment options and opportunities in mini and microgrid solutions to enhance Nigeria’s power sector.
The delegation’s next stop was at Shanghai where they made a courtesy call to the Nigeria Consulate in Shanghai, engaging in productive discussions about trade and investment opportunities in the region.
These conversations focused on facilitating growth in key areas and exploring ways to enhance cooperation between the Consulate’s trade mission and the Director-General’s office.
The delegation thereafter visited the impressive Yangshan Deep-Water Port, also known as Shanghai Port.
This massive port is currently the largest in the world, was constructed by China Harbor Engineering company, who also constructed the Lekki Deep Sea Port in Nigeria. The port
boasts an incredible capacity of 51 million twenty-foot equivalent units (TEUs).
During their visit, the delegation had the opportunity to cross the remarkable 35-kilometer bridge, specifically designed for the evacuation of men and materials from the port. This bridge is a testament to China’s impressive engineering capabilities.
Before leaving China, the delegation is expected to engage key players in Chinese economy in Shenzhen, and Guangzhou to facilitate and fast-track FOCAC project implementation through familiarization and feedback sessions with the relevant participating companies.
The visit is part of the Nigeria-China Strategic Partnership’s efforts to strengthen bilateral relations and promote economic cooperation between the two nations.
This initiative aligns with President Bola Ahmed Tinubu’s vision for Nigeria’s economic growth and development, particularly in areas such as infrastructure development, technology transfer, and job creation.
