NACCIMA Forges Strategic China Alliance to Unlock FDI and Deepen Bilateral Trade
The Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has formalised a significant tripartite Memorandum of Understanding (MoU) with China’s Linyi Wholesalers Federation and TTC Hydra Limited. This landmark agreement, signed at the ongoing NACCIMA Infrastructure Conference (INFRACON 2026) in Abuja, is strategically designed to attract substantial foreign direct investment (FDI) into Nigeria and significantly bolster trade relations between the two nations.
This pivotal partnership promises Nigerian businesses direct access to China’s extensive supply chains, simultaneously opening new avenues for Nigerian exports into the vast Chinese market. A key objective is to facilitate Chinese investment, with a particular focus on critical sectors such as manufacturing, agro-processing, and infrastructure development. The MoU builds upon NACCIMA’s successful investment mission to Linyi City in China’s Shandong Province in April 2026, where discussions with government officials and business leaders laid the groundwork for enhanced trade and investment cooperation.
NACCIMA President, Engr. Jani Ibrahim, underscored the agreement’s importance, characterising it as a crucial stride towards deepening economic ties through robust private sector collaboration. The Linyi Wholesalers Federation, representing over 5,000 manufacturers and wholesalers, has formally committed through the MoU to establishing manufacturing facilities, overseas warehouses, and exhibition platforms within Nigeria, a commitment first expressed during the April engagement.
Under the terms of the agreement, the Linyi Wholesalers Federation will manage the supply and shipment of a diverse range of products, including building materials, agricultural machinery, automotive spare parts, construction equipment, solar and renewable energy technologies, and household appliances. TTC Hydra Limited is tasked with coordinating the implementation of this partnership, leveraging its established expertise in Nigeria’s power infrastructure sector and its experience in cross-border trade between Nigeria and China.
The signing ceremony was attended by key figures including NACCIMA Director-General, Sola Obadimu; Ambassador Janet Olisa; First Deputy President of the Borno Chamber of Commerce, Industry, Mines and Agriculture (BOCCIMA), Alhaji Goni Dunoma; President of the Linyi Wholesalers Federation, Mr Sun Bao’an; Executive Council Member of the federation, Mr Wang Yihao; and representatives of TTC Hydra Limited, Mr Bailey Olujinmi Thomas and Mr Du Yaowen.
Beyond trade facilitation, the parties are committed to fostering two-way investment by actively assisting Chinese companies seeking to establish businesses, form joint ventures, and secure long-term procurement partnerships in Nigeria. To ensure effective execution, a Project Implementation Committee has been established, comprising representatives from all three organisations. This committee will oversee project execution and coordinate future commercial arrangements. The MoU is effective immediately for an initial two-year period, with provisions for renewal, and establishes a clear framework for negotiating detailed commercial agreements while incorporating safeguards for all parties. This development aligns with ongoing discussions at INFRACON 2026 concerning strategies for mobilising private capital to address Nigeria’s infrastructure financing deficit.
