The Federal Government of Nigeria is moving to secure up to $5.7 billion in prospective investments from China to strengthen key sectors, including power generation, mining, and industrial manufacturing.
The announcement followed a meeting in Abuja between the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and a delegation from GCL Group led by Orji Uzor Kalu.
According to the Federal Ministry of Finance, the proposed investments are intended to enhance domestic production, create employment opportunities, and expand Nigeria’s export capacity.
The Ministry emphasized that the engagement aligns with ongoing economic reforms under President Bola Ahmed Tinubu, reflecting the nation’s strategic shift from raw material exports toward domestic industrial production.
The initiative is expected to strengthen energy security, boost industrial capacity, and promote long-term sustainable economic growth. Projects are also designed to catalyse private sector participation and accelerate Nigeria’s industrial development across multiple sectors.
