The Director General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has revealed that Nigeria has received over $30 billion in investment commitments and 300 expressions of interest from different Chinese companies within the last five months.
He said the country will soon sign a pact on ‘Digital RMB’ with China to enable a direct conversion of Naira to Chinese Yuan, thereby reducing the country’s dependency on the Dollar.
Tegbe said that this is in furtherance of the transition of Nigeria’s relationship with China from a trade relationship to a mutually-beneficial development partnership.
He emphasised that the objectives of the NCSP is to, “drive infrastructure development, scale up investments from China, strengthen Nigerian-China trade and economic relations, promote knowledge and economic transparency, and also advance cultural exchanges between the two nations.”
He said this at the recent, “Digital Asset Markets Strategy Masterclass Series,” that was held in Lagos to deliberate on the Investment and Securities Act (ISA) 2025, which was signed into law in March 2025.
