Joseph Tegbe, Director-General of the NCSP, visits Golden Diamond Limited and Choice International Group to strengthen Nigeria-China trade, highlighting new investments in manufacturing, automotive, and alternative energy sectors
[dropcap]N[/dropcap]igeria-China Partnership is set to receive a significant boost following strategic visits by Joseph Tegbe, Director-General of the Nigeria-China Strategic Partnership (NCSP), to two key Chinese enterprises operating in Nigeria:
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Golden Diamond Limited and Choice International Group (CIG). These visits underscore a concerted effort to strengthen bilateral trade and industrial cooperation between the two nations.
During his visit to Golden Diamond Limited, a manufacturing powerhouse active in Nigeria since 2002, Tegbe toured the company’s extensive facilities.
He was briefed on an ambitious multisector expansion plan. Currently focused on household and sanitary materials, Golden Diamond is poised to diversify into Industrial Manufacturing (tiles, sanitary wares, electrical appliances, tableware),
Agriculture (sweet potatoes, peanuts, tobacco leaves), Mining (lithium, tin ore, mica sheets, titanium), Alternative Energy (solar panels, inverters, batteries), and Real Estate Development (smart estates, shopping malls, and 5-star hotels).
The company’s current investment totals $500 million, with an additional $100 million earmarked for this expansion.
The Director-General commended Golden Diamond’s longstanding contribution to Nigeria’s economy and reiterated NCSP’s unwavering support for their expansion plan.
At Choice International Group (CIG), manufacturers of the popular GAC automobile brand, Tegbe was briefed on a transformative $1.2 billion automotive project.
This initiative, undertaken in collaboration with the National Automotive Design and Development Council (NADDC), involves establishing a cutting-edge vehicle production facility in Nigeria.
The project is designed to evolve from Semi Knocked Down (SKD) assembly to Completely Knocked Down (CKD) assembly, ultimately leading to full-scale local manufacturing.
This substantial investment is projected to yield a return of $20 billion over a five-year period and, in the long run, could contribute up to 10% to Nigeria’s envisioned trillion-dollar economy.
Tegbe expressed strong support for the initiative, describing it as a landmark in Nigeria-China industrial collaboration.
He emphasised its potential to boost local manufacturing, drive technology transfer, and create thousands of skilled jobs.
“These two initiatives are significant pillars in the new era of industrial growth and economic transformation Nigeria envisions.
They align perfectly with President Tinubu’s Renewed Hope Agenda and underscore the value of our strategic partnership with China,” Tegbe noted.
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The NCSP reaffirmed its steadfast commitment to facilitating mutually beneficial partnerships that deliver shared prosperity, industrial capacity, and sustainable development.
Oreoluwa is an accountant and a brand writer with a flair for journalism.
