Over the past decade, mainland Chinese investment has burgeoned across strategic sectors in Nigeria – from energy, infrastructure and finance to manufacturing and technology. China’s Influence In Nigeria has spurred productive economic exchange but also raised questions around ownership and control, which this publication aims to explore.
Some major Chinese investors operating locally include CCECC, Huawei, ZTE, CNOOC and Sinopec in oil/gas, CRBC and CHEC transforming rail/roads nation-wide. Power giants like Suntech and BYD have also become major renewable forces. Other industrial leaders like Golden Dragon in textiles, Genertec in construction and heavy machinery through Sinomach diversify sectors.
Emergent companies like CAIDC, a Sino-African investment vehicle, have shaped financial flows linking both partners. Indeed, China now stands as Nigeria’s second-largest commercial partner, primed to play an intensifying role in the country’s modernization drive.
China’s Influence In Nigeria, Yet this deeper integration also brings questions. Are local stakeholders able to assert true ownership? How can synergies between partners be optimized? What policies govern operations with an eye to sovereignty issues?
This report aims to engage those queries through interviews with officials, businessmen and other stakeholders across various industries where Chinese private equity and state firms have become influential players reshaping Nigeria’s industrial landscape.”
