Business News of Tuesday, 17 February 2026
Source: www.nationsonlineng.net
The Director-General of the Nigeria–China Strategic Partnership (NCSP), Joseph Tegbe has said the Zero-Tariff Agreement will provide Nigerian producers improved access to one of the world’s largest consumer markets, creating a viable pathway for export diversification, industrial expansion, and job creation. Tegbe stressed, however, that maximising the opportunity would require disciplined execution, strict quality compliance, and active private-sector participation.
He added that the NCSP is working closely with stakeholders to ensure Nigeria fully leverages the preferential trade window, converting diplomatic goodwill into tangible economic gains.
The Director-General extended warm congratulations to the Chinese government and people on the Spring Festival, noting that this year’s festivities align with the 55th anniversary of diplomatic relations between Nigeria and China.
In a statement, Tegbe described the anniversary as a testament to a resilient and steadily expanding relationship that began with diplomatic ties in 1971 and has grown into one of Africa’s most significant economic partnerships. Now elevated to a Comprehensive Strategic Partnership, Nigeria–China cooperation spans infrastructure development, trade, industrial investment, technology collaboration, and people-to-people exchanges.
He noted that China remains one of Nigeria’s largest trading partners and a major driver of infrastructure modernisation, supporting critical rail, port, power, and industrial projects that have enhanced productive capacity and national connectivity.
According to Tegbe, the current phase of engagement represents a “new dawn” marked by a strategic shift toward higher-value economic integration and export-led growth. He highlighted China’s Zero-Tariff initiative for eligible African exports, including Nigeria’s, as a transformative opportunity to boost non-oil exports and strengthen local industrial processing.
“As we commemorate 55 years of bilateral relations, the spirit of renewal symbolised by the Spring Festival mirrors the next chapter of Nigeria–China relations — one defined by deeper economic integration, industrial upgrading, and shared prosperity,” he stated.