Nigeria has secured over $20 billion in investment commitments from China aimed at revitalizing key sectors including manufacturing, energy, infrastructure, and technology. The landmark deal was finalized during high-level bilateral discussions held in Beijing, signaling renewed cooperation between the two economic giants.
According to senior officials present at the meeting, the agreements include direct investments, concessional loans, and development partnerships targeting Nigeria’s industrial expansion, renewable energy projects, and rail transportation upgrades. The deal also features provisions for knowledge transfer and technical training to enhance local capacity in the manufacturing and energy sectors.
President Bola Ahmed Tinubu, represented by top government delegates, lauded the strategic partnership, describing it as a “bold step toward reshaping Nigeria’s economic future.” He emphasized that the deal aligns with Nigeria’s Renewed Hope Agenda, which prioritizes industrialization, job creation, and sustainable development.
Chinese government representatives reaffirmed their commitment to deepening economic ties with Nigeria, stressing the country’s strategic importance as a trade and investment hub in Africa.
The $20 billion deal is expected to fast-track key national projects, improve power generation, and open up new manufacturing clusters, particularly in Lagos, Ogun, and the northern economic corridors. Analysts say the agreement could significantly reduce Nigeria’s overdependence on imports and enhance foreign direct investment inflow.
The Ministry of Industry, Trade, and Investment has confirmed that implementation of the agreements will begin in phases from the fourth quarter of 2025, with a focus on transparency and impact monitoring.
This development marks one of the largest China-Nigeria economic collaborations in recent years and signals a positive outlook for Nigeria’s industrial and infrastructural transformation.
