The Federal Government of Nigeria is in advanced discussions with China’s GCL Group over a proposed $5.7 billion investment aimed at strengthening power generation, mining, and industrial manufacturing.
The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, received a high-level delegation in Abuja led by Senator Orji Uzor Kalu. The talks form part of Nigeria’s broader strategy to attract strategic capital inflows to accelerate industrial growth.
Proposals under consideration include large-scale energy projects, mineral processing facilities, and new factories designed to generate jobs, expand exports, and add value to local resources. Officials say the initiative aligns with reforms introduced under President Bola Ahmed Tinubu, which have helped boost investor confidence.
Dr. Edun highlighted that the engagement reflects Nigeria’s determination to shift from raw commodity exports to domestic production, strengthening energy security, industrial capacity, and long-term economic growth. If finalized, the investment could position Nigeria as a competitive hub for manufacturing and resource-based industries in Africa.