China National Chemical Engineering International Corporation Ltd (CNCEC) has pledged its commitment to support Nigeria’s $20 billion Ogidigben Gas Project in Delta State.
During a meeting in Beijing with the Nigeria-China Strategic Partnership (NCSP) delegation, led by Director-General Joseph Tegbe, CNCEC President Li Zhenyi emphasized the company’s readiness to engage in the project through restructured funding and collaborations with Nigerian stakeholders.
Zhenyi reiterated CNCEC’s dedication to Nigeria’s industrialization and economic growth, aligning with President Bola Tinubu’s vision of fostering national development.
The Ogidigben Gas Project, one of Nigeria’s most ambitious industrial undertakings, aims to transform the nation’s gas sector by hosting power plants, petrochemical facilities, aluminum smelters, and other key infrastructure. This project is expected to position Nigeria as a significant player in global energy markets while creating thousands of jobs during construction and operation.
- Advertisement -
The development is a joint venture between CNCEC and Alpha Grip Management Company (AGMC), a subsidiary of UAE-based Alpha Group. The partnership was formalized on January 15, following the 2024 Forum on China-Africa Cooperation (FOCAC), where African leaders, including President Tinubu, emphasized fostering economic ties with China.
The NCSP delegation’s visit to China aimed to strengthen Nigeria-China relations, focusing on innovative funding mechanisms and expediting priority development projects.
Key engagements included meetings with Chinese financial institutions, such as China Exim Bank and China Development Bank, and visits to infrastructure hubs like the China Communications Construction Company (CCCC) and the Yangshan Deep-Water Port.
These discussions explored opportunities for investment, technology transfer, and solutions to Nigeria’s chronic power challenges, including mini and micro-grid energy systems. With CNCEC’s global expertise and AGMC’s consortium of investors, the Ogidigben Gas Revolution Industrial Park is poised to become Africa’s largest gas city, driving industrialization and economic diversification in Nigeria.
