The Director-General of the Nigeria–China Strategic Partnership (NCSP), Mr. Joseph Tegbe, has urged Nigerian entrepreneurs to embrace discipline, scale, and long-term planning as the foundation for building sustainable businesses. He said China’s economic rise offers practical lessons that can serve as a working model for enterprise growth in Nigeria.
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Tegbe shared these insights while delivering a presentation titled “Hacking Your Personal Economic Growth: Lessons from China’s National Development Journey” at a three-day capacity-building seminar focused on helping Nigerian businesses leverage partnerships with China. The programme is part of NCSP’s broader drive to promote knowledge sharing and enterprise-focused development.
According to him, China’s rapid economic transformation did not happen by chance but through deliberate policies built on focus, standardization, and consistent execution. He explained that many Chinese small and medium-sized businesses started by adapting existing products, proven business models, and imported technologies, then gradually improved on them over time.
He noted that Chinese enterprises often grow by mastering one product or service, scaling it efficiently, and introducing steady, incremental innovation rather than chasing too many ideas at once. He also highlighted the importance of collaboration, pointing out that many Chinese businesses operate within industrial clusters where they share suppliers, infrastructure, and skilled labour — a system that helps lower costs and boost productivity.
Tegbe described discipline as one of China’s strongest competitive advantages. He said many Chinese entrepreneurs reinvest profits back into their businesses — upgrading machinery, expanding inventory, and improving processes — while keeping personal spending modest in the early stages of growth. Strong cost control, proper financial records, and a clear grasp of unit economics, he added, are essential for profitability and long-term expansion.
He encouraged Nigerian business owners to focus on building technical capacity, responding to real market demand, preparing for export opportunities, and adopting patient, long-term strategies instead of short-term gains. Tegbe reaffirmed NCSP’s commitment to turning Nigeria–China cooperation into real economic value through increased productivity, enterprise development, and greater self-reliance.
The Nigeria–China Strategic Partnership continues to promote closer collaboration between both countries in trade, investment, technology transfer, infrastructure, and capacity building, with the goal of delivering lasting benefits to Nigeria’s economy.
