The Federal Government says it is in the process of securing up to $5.7 billion in prospective investments from China to boost critical sectors of Nigeria’s economy, including power generation, mining, and industrial manufacturing.
The Federal Ministry of Finance disclosed the announcement on its official X handle on Monday.
According to the tweet, the development follows 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.
The Ministry said the proposed investments aim to enhance domestic production, create jobs, and expand export capacity across Nigeria, adding that the engagement aligns with ongoing economic reforms under President Bola Ahmed Tinubu.
The ministry further said the projects are expected to catalyse private sector participation and promote sustainable industrial development across the country
