Nigeria has secured over $20 billion in investment commitments from China to boost key sectors of the economy, including agriculture, automotive manufacturing, steel, energy, and mining.

The announcement was made by Joseph Tegbe, Director General of the Nigeria-China Strategic Partnership (NCSP), in a statement released Friday.

Tegbe noted that the deals were achieved through a series of high-level engagements following the elevation of bilateral ties between both nations to a Comprehensive Strategic Partnership.

“These investments are set to boost food security, create jobs, enhance power generation, and reposition Nigeria as a major manufacturing hub in Africa,” Tegbe stated.

He emphasized that the projects would begin rollout later this year, signaling a new phase of industrial development through deepened collaboration with Chinese firms.

Tegbe highlighted that the NCSP is also working to open Chinese and Asian markets to Nigerian-made products, aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda that prioritizes economic diversification and local production.

“We are not just talking policy; we are delivering action,” he added.

The NCSP plays a central role in coordinating between Nigerian stakeholders and Chinese investors, ensuring that agreements lead to impactful, sustainable growth.