BEIJING, China, January 17, 2025/ — On January 15, 2025, Alpha GRIP Management Company (AGMC) and China National Chemical Engineering International Corporation Ltd. (CNCEC) formalized a monumental partnership to develop the Ogidigben Gas Revolution Industrial Park (GRIP) in Delta State, Nigeria, with an investment of $20 billion. The agreement was signed at CNCEC’s headquarters in Beijing, in the presence of Hon. Joseph Tegbe, Director General of the Nigeria-China Strategic Partnership (NCSP), during his visit to China aimed at strengthening Nigeria-China relations, as part of President Bola Ahmed Tinubu’s administration’s initiatives.
Li Zhenyu, President of CNCEC, outlined the company’s strategic role in Nigeria, emphasizing that the Ogidigben Gas Project will significantly contribute to the country’s economic and industrial growth. He reaffirmed CNCEC’s commitment to its operations in Nigeria and to furthering the project in partnership with AGMC, NNPCL, the Federal Government of Nigeria (FGN), and the Delta State Government.
In his remarks, Joseph Tegbe emphasized that this collaboration aligns with President Tinubu’s vision of transforming Nigeria’s energy sector. He expressed full support for the project, recognizing CNCEC’s technical expertise in delivering large-scale energy infrastructure and its potential to boost Nigeria’s energy security. Tegbe highlighted the Ogidigben Gas Revolution Industrial Park as a key component of Nigeria’s broader goal of industrializing its gas sector and reducing dependence on imported energy.
Sheikh Mohamed Bayorh, President of AGMC, extended his thanks to the Chinese government and President Tinubu for fostering an environment conducive to foreign investment in Nigeria’s oil and gas sector. He also acknowledged the support from Rt. Hon. Ekperikpe Ekpo, Minister of State for Petroleum Resources, and Mallam Mele Kolo Kyari, CEO of NNPCL. Bayorh emphasized that the technological capabilities of CNCEC would play a critical role in accelerating the development of the Ogidigben Gas Project, set to become Africa’s largest gas industrial park. The project will house a range of energy-intensive industries, including power plants, fertilizer facilities, petrochemical plants, aluminum smelters, LNG, and methanol plants, as well as secondary industries, driving job creation and local economic growth.
This $20 billion investment is expected to generate thousands of jobs during both the construction and operational phases, driving Nigeria’s industrialization and bolstering its energy infrastructure. The AGMC consortium, which includes global players such as Power China, CNCEC, and others, is committed to delivering this transformative project, positioning Nigeria as a key energy producer in Africa.
The partnership between China and Nigeria underscores the growing bilateral cooperation, with both nations collaborating to advance industrialization, economic development, and energy security. The Ogidigben GRIP project represents a significant milestone in this relationship and marks a transformative step for Nigeria’s energy sector.
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