FG eyes partnership with Chinese firms to drive industrialisation

The federal government, through the Nigeria-China Strategic Partnership (NCSP) in a bid to achieve industrialisation in the country has began moves towards strategic partnership with several chinese firms in sectors including power, health, technology among others.

Joseph Tegbe, Director-General of the NCSP, who led a delegation to China Communications Construction Company (CCCC) Headquarters, explored opportunities for replicating industrial scale projects in Nigeria using innovative funding models.

The NCSP also signed an agreement with Chilwee Group, a Chinese manufacturer of cutting-edge batteries and power storage solutions. This agreement according to Tegbe is expected to enhance Nigeria’s energy security, promote renewable energy, and reduce carbon emissions.

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“Chilwee Group has committed to investing in Nigeria through a multifaceted approach, including sales, manufacturing, and potentially mining raw materials for the power storage value chain. In addition to the agreement with Chilwee Group, the NCSP has also made significant progress in other areas.

“Also, the NCSP facilitated a tripartite agreement between CPL Medical group, CSSC Haishen Medical Technology Co Ltd and China Habour Engineering Company over the renovation and upgrading of equipment in selected teaching hospitals across the country. While speaking at at the agreement signing ceremony, Tegbe noted that the agreement represented an example of private-sector collaboration which the partnership hopes to promote.

“These recent agreements and investments in the energy, technology, and manufacturing sectors are poised to drive Nigeria’s socio-economic transformation,” Tegbe said in a statement issued to journalists on Monday.

Tegbe who also led the NCSP delegation on a visit to China Electronic Corporation, expressed optimism about cooperation between Nigeria and China in areas such as electronics equipment, public security surveillance, and identity management. He emphasized the potential for collaboration, stating that he has President Bola Ahmed Tinubu’s mandate to identify top-priority projects that will drive Nigeria’s industrialization.

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These agreements and investments according to Tegbe, demonstrates the NCSP’s commitment to driving Nigeria’s socio-economic transformation through targeted Chinese investments.

“By focusing on creating value-driven partnerships, strengthening Nigeria’s role in Africa’s industrialization, and coordinating initiatives that align with Nigeria’s Renewed Hope Agenda and China’s Belt and Road Initiative (BRI), the NCSP is poised to unlock new opportunities for economic growth and development in Nigeria.

He also disclosed ongoing plans for a partnership opportunities with Huawei to strengthen Nigeria’s ICT sector. He explained that with the imminent deployment of the smart city model presented by Huawei to President Tinubu in Beijing, Nigeria will benefit of the investments of Huawei in areas such as smart, qualitative education, better healthcare delivery, enhanced communications technology, improved security infrastructure, and digitalization of key government facilities.