- Safiu Kehinde
The Federal Govenrment has moved to secure $5.7 investment deal with China as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, hosted a high-level delegation from GCL Group in Abuja.
This was disclosed in a statement issued on Monday by the Ministry of Finance.
According to the statement, Edun received the delegation led by Senator Orji Uzor Kalu, as Nigeria moves to secure up to $5.7bn in strategic investments across power, mining and industrial manufacturing.
The proposals include large-scale energy generation, local mineral processing and new factories aimed at boosting jobs, exports and value addition.
Reportedly backed by reforms under President Bola Ahmed Tinubu, the engagement, according to the Finance Ministry, reflects rising investor confidence and supports Nigeria’s shift from raw exports to domestic production.
This is tipped to srengthen energy security, industrial capacity and long-term economic growth.