The Federal Government is intensifying negotiations to secure up to $5.7 billion in strategic investments from China across key sectors of the economy, according to the Ministry of Finance. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, received a delegation from GCL Group led by Orji Uzor Kalu in Abuja to advance discussions.
The proposed funding targets large scale energy generation, mineral development and industrial manufacturing. Officials said the investments would support local mineral processing and establish new factories aimed at boosting employment, exports and domestic value addition. The talks are positioned as part of efforts to expand Nigeria’s productive capacity through carefully structured foreign direct investment.
The ministry noted that the negotiations align with reforms under Bola Ahmed Tinubu and reflect growing investor confidence in Nigeria’s economic direction. The initiative supports a broader strategy to shift from raw exports to domestic production while strengthening energy security and long-term industrial growth.
