The Federal Government says it is seeking up to 5.7 billion dollars in prospective investments from China to support power generation, mining and industrial manufacturing. The announcement followed a meeting in Abuja on Monday between the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and a delegation from GCL Group led by Senator Orji Uzor Kalu.
In a statement posted on its official X account, the Federal Ministry of Finance said the proposals include large-scale energy generation, local mineral processing and the establishment of new factories across the country.
The ministry said the projects are intended to boost domestic production, create jobs and expand export capacity. It added that the initiative aligns with economic reforms under President Bola Ahmed Tinubu.
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Officials say the proposed investments are expected to strengthen energy security, promote industrial development and attract further private sector participation.
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