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Nigeria -China relations get boost as Tegbe holds talks with Chinese banks

 

 

Stanley Ihedigbo

 

Director-General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has embarked on a crucial mission to strengthen Nigeria’s economic ties with China.

Recently, he engaged with the 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 is part of the 2024 FOCAC project implementation, monitoring, and investment drive.

Tegbe, who is in China with his team, also visited CCCC Headquarters in Beijing and the company’s poultry farm, which produces 2.5 million eggs per day, to assess its replication in Nigeria using innovative funding models, like the partly contractor-financed Lekki Deep Seaport.

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 super grids. 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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