Nigeria-China Strategic Partnership (NCSP) Director General Joseph Tegbe once more put the focus on Nigeria-China trade balance and the desire to boost Chinese foreign direct investment (FDI) in Nigeria.
Speaking to the pre-summit inaugural of the Nigeria-China Sustainable Bilateral Business, Trade, and Investment Summits by the House of Representatives Committee on Nigeria-China Relations, Tegbe re-affirmed Nigeria’s stance on the ‘One-China principle’ that was renewed by President Bola Ahmed Tinubu in September 2024 at the FOCAC summit.
He indicated that although previously there were difficulties such as regulatory obstacles, inefficiencies in bureaucracy, and restrictions on trade, government institutions such as the Nigerian Investment Promotion Commission (NIPC) and the Presidential Enabling Business Environment Council (PEBEC) have considerably improved facilitating the doing business in Nigeria.
Tegbe went on to explain that the next summit will also be centered around trade and investment matters using a 2025 legislative agenda in line with the executive arm of the government. The Agriculture, Mining and Solid Minerals, Power and Renewable Energy, Oil and Gas, Construction, Manufacturing, ICT, and SMEs will be prioritized on the agenda at the summit in line with President Tinubu’s economic agenda and the NCSP.
