China National Chemical Engineering International Corporation Ltd (CNCEC) has pledged its support for Nigeria’s ambitious $20 billion Ogidigben Gas Project in Delta State, signifying a pivotal development in the economic partnership between the two nations.During a high-level meeting in Beijing with the Nigeria-China Strategic Partnership (NCSP) delegation, led by Director-General Joseph Tegbe, CNCEC President Li Zhenyi expressed the company’s eagerness to participate in the project through restructured funding and strategic collaborations with Nigerian partners.
“Our company is dedicated to fostering Nigeria’s industrialization and economic advancement,” Zhenyi stated, reaffirming CNCEC’s commitment to aligning with President Bola Tinubu’s vision for national progress.The NCSP delegation’s visit is part of the Forum on China-Africa Cooperation (FOCAC) initiative, which aims to bolster investment, infrastructure development, and strategic partnerships throughout Africa.
The delegation has focused on discovering innovative funding solutions and accelerating vital development initiatives.
Meetings with prominent Chinese financial institutions, such as China Exim Bank and China Development Bank, have explored pathways to support Nigeria’s priority infrastructure projects.
Significant highlights of the tour included a visit to the China Communications Construction Company (CCCC), where the delegation observed a facility producing 2.5 million eggs daily, and discussions with TBEA, a leader in power transmission.
Conversations with TBEA emphasized potential opportunities for mini and micro-grid energy systems to alleviate Nigeria’s ongoing power challenges
Additionally, the delegation consulted with Prof. Justin Yifu, a former World Bank director and prominent economist, regarding policy reforms and strategies to attract Chinese investment into Nigeria.
Prof. Yifu expressed his commitment to supporting the NCSP’s efforts in establishing a robust framework for economic cooperation.To further its bilateral agenda, the delegation also met with officials at the Nigerian consulate in Shanghai and toured the Yangshan Deep-Water Port, the world’s largest port facility developed by China Harbor Engineering Company, which was instrumental in the construction of Nigeria’s Lekki Deep Sea Port.
By facilitating high-level discussions with key Chinese stakeholders, the delegation is laying the foundation for sustainable growth in sectors vital to Nigeria’s development.
Before concluding their tour, the NCSP team will engage with economic leaders in Shenzhen and Guangzhou to expedite the implementation of FOCAC projects.
The Ogidigben Gas Project, one of Nigeria’s largest energy investments, is poised to enhance the country’s status in global energy markets while driving job creation and economic diversification.