Nigeria is relying on the expertise, financing, and technologies of the Middle Kingdom to accelerate its industrialization and stimulate its economic growth.
Chinese companies have pledged to invest $20 billion in Nigeria in agriculture, the automotive industry, and mining, announced Joseph Olasunkanmi Tegbe (photo), Director General of the Nigeria-China Strategic Partnership (NCSP), on Friday, July 18, 2025.
“Recent missions to China have secured more than $20 billion in investment commitments in key sectors such as agriculture, the automotive industry, mining, steel production, and energy,” he revealed at a press conference.
“These initiatives should promote food security, job creation, and Nigeria’s industrial renaissance,” added Mr. Tegbe, indicating that these projects will be carried out starting this year.
Created to strengthen bilateral cooperation within the framework of the Forum on China-Africa Cooperation (FOCAC), the NCSP aims to leverage China’s expertise, financing, and technologies to stimulate economic growth and industrialization in Nigeria.
The strategic partnership also provides for greater openness of the Chinese market to Nigerian products, with a view to diversifying exports and building high value-added supply chains.
Nigeria is already one of China’s main trading partners in Africa. The West African country mainly exports crude oil and agricultural products to the Asian giant, while its imports are dominated by manufactured goods. The value of bilateral trade reached $12.6 billion in 2023, according to data from the International Trade Centre.
