Tag: Joseph Tegbe

  • Nigeria woos Chinese giants with $671m data market

    Nigeria woos Chinese giants with $671m data market

    Nigeria has stepped up its campaign to position itself as Africa’s next big data hub, drawing significant strength from her data center market valued at $278 million in 2024 and projected to grow to $671 million by 2030.

    Director-General, Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, is leading this campaign by urging Chinese technology giants to seize early opportunities in the continent’s rapidly expanding digital economy.

    Tegbe seized two major platforms in Guiyang, China, to present both the vision and the investment blueprint for Nigeria’s digital future.

    For instance, at the China International Big Data Industry Expo, he framed Nigeria as a natural partner for China in replicating its digital transformation story on African soil.

    He pointed to Nigeria’s more than 160 million internet-connected citizens, a thriving financial technology (fintech) sector, and expanding fiber infrastructure as evidence of readiness.

    The NCSP DG argued that with a population of 220 million, largely young and tech-driven, Nigeria is primed for a digital leap that could rival the shifts China has achieved over the past two decades.

    Big data, he said, was not merely a technical issue but a strategic one, about turning intelligence into economic and social value.

    For him, Africa’s existing shortfall in digital infrastructure should not be viewed as a weakness but as an opportunity, a greenfield that investors can shape.

    He urged Chinese technology leaders to be early movers in building Africa’s “digital highways,” with Nigeria as the continental anchor.

    However, while his first address stressed aspiration and positioning, Tegbe’s second speech at the Digital Silk Road Connection Event offered a more detailed roadmap.

    He revealed that Nigeria’s data center market, valued at $278 million in 2024, is projected to grow to $671 million by 2030.

    With Africa’s internet user base already above 570 million and mobile traffic expanding at 40 per cent annually, he said demand for digital capacity was clear and urgent.

    This demand, he noted, represents a strategic opening for deeper Asia–Africa collaboration under the Digital Silk Road, the Belt and Road Initiative’s digital cooperation framework.

    Tegbe outlined four priority areas for partnership. First is the development of hyperscale data centers and cloud availability zones, which he said would form the backbone of Africa’s digital economy.

    Second is the diversification of global Artificial Intelligence (AI) supply chains through the integration of African datasets and talent, a move that would bring greater inclusivity to emerging technologies.

    Third is the establishment of joint laboratories in sectors such as agriculture, health, and financial services, ensuring that local data informs local solutions.

    Finally, he highlighted the need for stronger talent pipelines through research and exchange programs, aligning African capacity with Chinese expertise.

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    Tegbe tied these proposals to the broader African Continental Free Trade Area (AfCFTA), stressing that its 1.4billion-person market offered an unprecedented opportunity for investors prepared to act decisively.

     “The countries that will thrive in the modern economy are not those with the most minerals, but those who can harness data for their people,” he said, positioning Nigeria as the launchpad for that transformation.

    Throughout both engagements, Tegbe reaffirmed Nigeria’s commitment to the One-China principle and praised the long-standing role of Chinese companies in Nigeria’s development.

    Firms such as CCCC, CRCC, CCECC, CHEC, Huawei, and ZTE, he said, had already woven themselves into Nigeria’s economic story through contributions in infrastructure and technology.

    Their experience, he added, positioned them well to lead the next phase of digital cooperation.

    Concluding his series of engagements, Tegbe underscored the scale of the opportunity at hand. “The world is entering a new era where data is the new oil,” he said.

    According to him, “If we align China’s expertise with Nigeria’s innovation and Africa’s vast markets, we can create new Silk Roads of digital opportunity. Nigeria is ready. Africa is ready. Together with China, we can shape the digital destiny of tomorrow.”

  • NCSP boss hails proposed $550m investment to boost steel sector

    NCSP boss hails proposed $550m investment to boost steel sector

    The Director-General of the Nigeria–China Strategic Partnership (NCSP), Joseph Tegbe has hailed the plan by Inner Galaxy Steel Company, a major player in the domestic steel sector, to invest $550 million for the establishment of a new plant in Ogun State with a projected annual output of 2 million metric tons (MMT).

    It may be recalled that the inner Galaxy at its flagship facility in Abia State, recently hinted of plans to carry out expansion.

    Currently producing about 600,000 metric tons annually, the company believes operational enhancements could lift capacity at the Abia site to 1 MMT per year.

    The Ogun State facility will be developed in phases, utilising locally available iron ore, positioning it as a strategic contributor to President Bola Ahmed Tinubu’s goal of achieving 10 MMT in national steel production annually.

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    The funding structure for the new project allocates $450 million from Chinese partners and financial institutions and $100 million from Nigerian partners and institutions.

    The DG’s visit also highlighted the rise of a broader industrial cluster around Inner Galaxy’s Abia operations. The cluster includes Neway Power Technology Company Ltd, which manufactures roughly 4 million car batteries annually; Jiu Xing Integrity Industries Limited, which fabricates and assembles trailers from CKD and SKD kits; and Starich Recycle Technologies Company Limited, a plastics recycler and manufacturer.

    Industry analysts see the Inner Galaxy expansion as a potential catalyst for foreign direct investment inflows, advanced technology transfer, and large-scale job creation within Nigeria’s steel value chain. If delivered on schedule, the Ogun State plant would represent one of the single largest boosts to Nigeria’s steel capacity in decades, helping to close the domestic supply gap, reduce reliance on imports, and strengthen competitiveness in regional infrastructure and manufacturing markets.

    According to the NCSP boss, the significance of this investment “extends beyond steel.” It is about fortifying Nigeria’s industrial base, deepening partnerships with global investors, and building a manufacturing ecosystem capable of driving long-term economic transformation in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu.

  • Nigeria, China move to strengthen bilateral relations

    Nigeria, China move to strengthen bilateral relations

    Director-General, Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has stated that Nigeria is paying close attention to the ongoing global tariff dispute as it presents a new dynamic in global trade.

    He stated this at a recent meeting with the Chinese Ambassador to Nigeria, Ambassador Yu Dunhai, at the Chinese Embassy in Abuja. The meeting was in furtherance of the NCSP’s mandate to bolster economic cooperation and trade between the two nations.

    During the meeting, the NCSP DG shared insights from his recent trip to China, highlighting discussions with key companies, including SINOMACH-HE and China National Electrical Engineering Company (CNEEC).

    He emphasised the need for Chinese companies to establish manufacturing plants in Nigeria and share technical expertise, leveraging Nigeria’s strategic trade agreements for mutual benefit.

    Tegbe added that Nigeria is well-positioned to serve as a manufacturing and export platform to the African Continent and the rest of the world taking advantage of the current trade dispute.

    The meeting also addressed some regulatory and legal issues as they concern Nigeria-China economic relations.

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    The Chinese Ambassador reiterated China’s willingness to deepen its strategic partnership with Nigeria, including increased investment in agriculture and manufacturing sectors, as China has reduced or removed tariffs on several Nigerian products and seeks to import more, referencing the recent MOU on shelled peanuts signed during FOCAC.

    The Ambassador and NCSP DG discussed the MOUs/protocols on aquatic seafood and soybeans and their potential to increase exports from Nigeria to China.

    The DG expressed commitment to advance discussions and facilitate engagement with key Ministries and agencies to advance Nigeria’s readiness for the export opportunities.

    This meeting demonstrates the commitment of both nations to strengthen their strategic partnership and explore new opportunities for economic advancement.

  • Nigeria will leverage on strategic plan with China, says Tegbe

    Nigeria will leverage on strategic plan with China, says Tegbe

    The Director-General of the Nigeria-China Strategic Partnership Joseph Tegbe has assured the Chinese Ambassador to Nigeria of the country’s willingness to leverage on the comprehensive strategic plan with China to as a catalyst for industrialization in Nigeria.

    Tegbe gave this assurance in a statement, during an official courtesy visit to the Embassy of the People’s Republic of China located in Abuja, Nigeria.

    While expressing his pleasure at receiving the delegation from the Nigeria-China Strategic Partnership, Ambassador Yu Dunhai commended President Bola Tinubu for the visionary foresight of setting up a coordinating office for the partnership in Nigeria, and appointing a seasoned business strategist to lead the partnership. 

    He assured Tegbe of the cooperation of the Chinese Embassy in whatever aspects are required.

    Read Also: Tegbe hits ground running, promises robust partnerships between Nigeria, China

    The Ambassador noted that the growth of China can be attributed to sheer willpower and passion, explaining the trajectory of the growth of China’s Gross Domestic Product (GDP) which has quadrupled in the last 15 years. 

    He noted that in recent times, Nigeria has been the largest beneficiary of recent human capital development initiatives by the Chinese government, including the training of 1,700 youth in Digital and Vocational Skills in 2024 which represents about half of the entire beneficiaries in Africa.

    Tegbe extended President Bola Tinubu’s appreciation to President Xi Jinping, through the Chinese Ambassador, for his commitment towards development of African countries, especially Nigeria. He reiterated the willingness of Nigeria to collaborate with China in the areas of Infrastructure, Energy, Mining, Mechanized Agriculture, Manufacturing, Education and Technology, noting the need for knowledge transfer for mutual benefits.

    He noted Nigeria-China Strategic Partnership provides a platform for the actualization of President Tinubu’s Renewed Hope agenda which involves exploring more development paths, with China as a major development partner in terms of industrial collaboration and knowledge exchange with a view to increase Nigeria’s export capacity.

    Joining Ambassador Yu Dunhai to host the Director-General was Mr. Wang Yingqi, Minister counsellor in charge of commercial affairs; Mr. Dou Chaolin, Secretary (Commercial Affairs) and Mr. Wang Kangning, Secretary (Political Affairs)

  • Tegbe hits ground running, promises robust partnerships between Nigeria, China

    Tegbe hits ground running, promises robust partnerships between Nigeria, China

    The newly appointed Director-General, Nigeria-China Strategic Partnership, Joseph Tegbe, has outlined as a priority, the need for cohesion in the delivery of mutually beneficial initiatives for the two countries. 

    Tegbe expressed his confidence that a cohesive partnership will not only ensure Nigeria meets her immediate needs but also lay the groundwork for long-term prosperity in the country.

    He spoke while hosting a delegation from the Chinese Business Community.

    In his remarks, Tegbe said: “In line with President Tinubu’s commitment for China to move from being a lender and trade partner to becoming a major partner in Nigeria’s industrialisation drive, I will work diligently to foster bilateral collaborations with China that can drive sustainable development and economic growth for Nigeria.”

    He further emphasised the role of education and skills development in the partnership, stating that: “It is crucial for Nigeria’s national curriculum to promote vocational training and exchange programs. 

    “Beyond degrees and diplomas, Nigeria must create opportunities for young Nigerians to develop the skills needed in a rapidly evolving job market.”

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    Similarly, while on a visit to the Ministry of Finance Incorporated (MOFI), Tegbe expressed readiness to submit a strategic action plan as mandated by the President having engaged key stakeholders across both countries in drawing up the strategic plan. 

    “Taking notes from previous and ongoing agreements between Chinese government and businesses with the Federal Government and States in Nigeria, transparency, accountability, and strategic execution will be crucial as Nigeria navigates this new chapter in its international economic relations with China.” Tegbe assured.

    Recalling that agriculture is a major thematic area in the partnership, the DG expressed his quest for the partnership with China to also focus on transforming Nigeria’s agricultural practices by deploying new, cost-effective technology and sustainable farming techniques to enhance the productivity and livelihood of farmers and ensure food is available and affordable within the country.