Mathew Amaechi
In a significant boost to Nigeria’s economic growth, the Federal Government has received a commitment from Chinese firm, China National Chemical Engineering International Corporation Ltd (CNCEC), to support the development of the $20 billion Ogidigben Gas Project. This project is a crucial part of Nigeria’s efforts to industrialize and diversify its economy.
The commitment was made to Joseph Tegbe, Director-General of the Nigeria-China Strategic Partnership (NCSP), who led a delegation to China to attract investments. CNCEC President Li Zhenyi expressed his company’s desire to contribute to Nigeria’s economic growth through construction and industrialization.
The Ogidigben Gas Project is expected to play a vital role in Nigeria’s industrialization, and the partnership with CNCEC is a significant step forward. The project will not only boost Nigeria’s economy but also create jobs and stimulate growth in key sectors.
Tegbe’s visit to China was part of the Forum on China-Africa Cooperation (FOCAC) projects coordination and investment drive. The delegation also met with representatives from China EXIM Bank and China Development Bank to discuss priority projects and innovative funding options.
This development is a testament to the growing bilateral cooperation between Nigeria and China, and it aligns with President Bola Tinubu’s vision for Nigeria’s economic growth and development. As Nigeria continues to explore opportunities for economic growth, this partnership with CNCEC is a significant step in the right direction.
