NCSP engages China Exim Bank and China Development Bank business talk

NCSP engages China Exim Bank and China Development Bank business talk

By Fly Cable News

The Director-General of the Nigeria-China Strategic Partnership, (NCSP), Joseph Tegbe, has engaged China EXIM Bank and China Development Bank to review priority on the Forum on China-Africa Cooperation (FOCAC) projects and explore various funding options for accelerated delivery.

This is part of the 2024 FOCAC project implementation, monitoring, and investment drive.

Tegbe, who is in China with his team, also visited CCCC Headquarters in Beijing and the company’s poultry farm, which produces 2.5 million eggs per day, to assess its replication in Nigeria using innovative funding models, like the partly contractor-financed Lekki Deep Seaport.

He held strategic meetings with Lin Yifu, a world-renowned economist and former World Bank Director, who is committed to supporting the NCSP in implementing policy and reforms for the partnership and attracting major Chinese investments into the country.

Other areas visited include the leading company in the power transmission and transformation industry, TBEA, in Xinjiang, where discussions were held on high-priority opportunities and supergrids. Investment prospects in mini- and microgrid solutions to improve Nigeria’s power sector were also explored.

To further deepen engagements in China, the delegation will proceed to Shanghai, Shenzhen, and Guangzhou to strengthen talks with companies involved in FOCAC projects for speedy implementation.