FG advances $5.7bn China investment talks to power industrial growth

2026-02-23 - 12:07

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