Follow Us on Google
The Director-General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has undertaken working visits to two major Chinese companies operating in Nigeria, Golden Diamond Limited and Choice International Group (CIG), as part of ongoing efforts to deepen bilateral trade and industrial collaboration between both nations.
During his visit to Golden Diamond Limited, a manufacturing company that has been active in Nigeria since 2002, Tegbe toured the firm’s facilities and was briefed on its ambitious multi-sector expansion plan. Currently specialising in household and sanitary materials, Golden Diamond is poised to diversify its operations across key sectors, including: 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); real estate development (smart estates, shopping malls, and 5-star hotels).
With an existing investment portfolio of $500 million and an additional $100 million earmarked for the next phase of expansion, Golden Diamond is positioning itself as a key player in Nigeria’s evolving industrial landscape.
The NCSP DG commended the company’s long-standing contribution to Nigeria’s economy and expressed full support for its expansion drive.
At Choice International Group (CIG)—manufacturers of the GAC automobile brand—Tegbe was briefed on a transformative $1.2 billion automotive project, being executed in partnership with the National Automotive Design and Development Council (NADDC). The project aims to establish a state-of-the-art vehicle production facility in Nigeria, moving from Semi Knocked Down (SKD) assembly to Completely Knocked Down (CKD) assembly, and ultimately, full local manufacturing.
The initiative with an anticipated $20 billion return over a five-year period, is projected to contribute up to 10% of Nigeria’s aspirational trillion-dollar economy in the long term. Tegbe voiced strong support for the venture, describing it as a “landmark in Nigeria-China industrial collaboration that will 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.
The NCSP reaffirmed its ongoing commitment to fostering partnerships that drive industrial capacity, sustainable development, and shared prosperity for both nations.
