Joseph Tegbe, the Director-General of the NCSP, revealed this during a digital asset markets strategy masterclass held in Lagos. He emphasized that this potential pact represents a crucial step in Nigeria’s evolving relationship with China, transitioning from a primarily trade-focused interaction to a more comprehensive and mutually beneficial development partnership.
Furthermore, Tegbe disclosed that Nigeria has already secured over $30 billion in investment commitments and received 300 expressions of interest from Chinese companies within the past five months. He underscored the strategic importance of leveraging Chinese technological advancements, particularly within the burgeoning digital asset market, as well as facilitating valuable knowledge transfer between the two nations. The NCSP, he affirmed, remains dedicated to fostering the globalization of Nigeria’s capital market.
The Director-General also outlined the core objectives driving the Nigeria-China Strategic Partnership. These include accelerating infrastructure development across Nigeria, significantly scaling up Chinese investments in key sectors, strengthening overall trade and economic ties between the two countries, promoting greater transparency in financial dealings, and fostering deeper cultural exchange.
Echoing the sentiment of progress and innovation, the Governor of Lagos State, Babajide Sanwo-Olu, represented by the Commissioner for Finance, Abayomi Oluyomi, shared the state’s ambitious plans to develop a securitization policy. This policy aims to monetize currently underutilized assets and facilitate the issuance of green bonds to finance critical infrastructure projects within Lagos. Oluyomi proudly stated that Lagos State is poised to become the first sub-national entity in Nigeria to implement such a forward-thinking financial strategy.
Nicholas Okoye, the convener of the masterclass and a seasoned global investment advisor, highlighted the profound impact of the fourth industrial revolution’s digital transformation across all sectors. He asserted that this digital shift is poised to unlock unprecedented wealth creation opportunities for investors, institutions, nations, and sub-national entities alike.
“The most strategic ecosystem of this digital transformation has got to be ‘Digital Asset Markets’, which includes investment in cryptocurrencies as well as the tokenisation (digitisation) of traditional asset classes,” Okoye passionately stated.
He further elaborated on the transformative potential for Nigeria and the wider African continent, saying, “The proposed full adoption of ‘Digital Asset Markets’ in Nigeria’s capital markets and subsequently across Africa is going to be a game changer for wealth creation and economic growth sustainability.” Okoye believes this adoption will fundamentally reshape the future of African finance, investment, and capital market industries.
Okoye concluded by emphasizing the unique opportunity presented by digital assets for Africans to build wealth irrespective of their geographical location or professional background. He posited that this digital landscape offers, for the first time, a more accurate reflection of Nigeria and Africa’s true economic potential and wealth position on the global stage.