FG Courts China Logistics Deal to Power $1tn Economy Drive

FG Courts China Logistics Deal to Power $1tn Economy Drive

The Federal Government has intensified efforts to deepen its transport and logistics partnership with China, declaring that an efficient logistics system will be central to Nigeria’s ambition of building a US$1 trillion economy by 2030.

Speaking virtually at the 2026 Ningbo–Africa Trade and Logistics Cooperation Forum in Ningbo, Zhejiang Province, China, the Technical Adviser to the Vice President on Transportation, Logistics and Innovation, Dr. Segun Obayendo, said the Tinubu administration was implementing strategic reforms and partnerships to modernise transport infrastructure, improve supply chain efficiency and position Nigeria as West Africa’s logistics and distribution hub.

Obayendo said the Renewed Hope Agenda places infrastructure development, trade facilitation, investment promotion and economic competitiveness at the heart of the administration’s economic agenda, stressing that these goals cannot be achieved without a modern and integrated transport system.

“Nigeria’s aspiration to build a one-trillion-dollar economy will depend not only on what we produce but also on how efficiently we move people, goods and services,” he said.

“Modern transport infrastructure, resilient supply chains and efficient logistics systems are fundamental to attracting investment, expanding trade and driving sustainable economic growth.”

He noted that Nigeria’s strategic location, vast natural resources, expanding consumer market and access to the African Continental Free Trade Area (AfCFTA) provide a strong platform for regional economic leadership.

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0However, he said unlocking these opportunities would require sustained investment in multimodal transport infrastructure, seaports, rail networks, highways, inland dry ports, digital logistics platforms and integrated supply chains.

Obayendo described China’s zero-tariff policy for exports from African countries as a major opportunity for Nigeria to boost exports, strengthen local manufacturing, attract fresh investments and integrate more effectively into global value chains.

According to him, stronger Nigeria–China relations should extend beyond trade to include technology transfer, industrial development, infrastructure investment, innovation and skills development capable of generating sustainable jobs for millions of Nigerians.

He stressed that integrated logistics corridors connecting seaports, inland dry ports, rail lines, highways and warehousing facilities remain critical to reducing the cost of doing business, improving export competitiveness and maximising opportunities under AfCFTA.

The presidential aide commended the organisers of the forum—the Pan-African Institute for Supply Chain Innovation (PAISCI), the Ningbo China Institute for Supply Chain Innovation (NISCI) and China-base Group—for creating a platform that translates policy discussions into practical economic partnerships.

He also welcomed the proposed cooperation agreement on port development and logistics infrastructure between GK&A Logistics Services Limited and China-base Ningbo Foreign Trade Co. Ltd., describing it as a significant milestone in strengthening Nigeria’s logistics capacity and bilateral economic ties.

“Transport and logistics are no longer merely support services; they are strategic economic assets. Countries that invest in efficient logistics systems become more competitive, attract greater investment, create quality jobs and unlock new opportunities for sustainable development,” Obayendo said.

He reaffirmed the Federal Government’s commitment to policies and partnerships that promote efficient transportation, logistics innovation, trade facilitation and sustainable industrial development.

Obayendo expressed confidence that agreements reached at the Ningbo forum would deepen Nigeria–China economic cooperation, stimulate private sector investment and enhance Nigeria’s competitiveness in global trade, while urging governments, development partners, financial institutions and the private sector to sustain collaboration in implementing the resolutions.

 

FG Courts China Logistics Deal to Power $1tn Economy Drive