The Nigeria–China Strategic Partnership has called for better coordination among federal authorities, regional governments, and international climate initiatives to attract significant private investment into the country's marine economy. Joseph Tegbe, who leads the organization, emphasized that Lagos possesses unique advantages through its extensive shoreline and robust commercial sector during the 11th Lagos International Climate Change Summit at Lagos Continental Hotel.
Tegbe pointed to the Lekki Deep Sea Port as evidence that aligned policies can draw substantial foreign capital, noting the facility secured more than 1 billion dollars in private equity through effective cooperation between national and state officials. His representative, Taiwo Ajetunmobi, explained that investors prioritize consistent regulations, stable frameworks, and financially viable projects when considering ocean-based infrastructure.
The partnership director recommended various public–private arrangements and identified Chinese firms as potential partners for renewable energy facilities, cold storage systems, and maritime transport developments across the coastal region.
Tegbe pointed to the Lekki Deep Sea Port as evidence that aligned policies can draw substantial foreign capital, noting the facility secured more than 1 billion dollars in private equity through effective cooperation between national and state officials. His representative, Taiwo Ajetunmobi, explained that investors prioritize consistent regulations, stable frameworks, and financially viable projects when considering ocean-based infrastructure.
The partnership director recommended various public–private arrangements and identified Chinese firms as potential partners for renewable energy facilities, cold storage systems, and maritime transport developments across the coastal region.
