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.
