The Federal Government has intensified negotiations with China’s GCL Group to secure a $5.7 billion investment package, strategically aimed at strengthening power generation, expanding mining activities, and developing industrial manufacturing across the nation.
The move follows a meeting in Abuja between the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and a delegation from GCL Group led by Senator Orji Uzor Kalu.
According to a statement by the Finance Ministry on Monday, the proposed investments are designed to enhance domestic production, create jobs, and expand export capacity in Nigeria.
The Ministry noted that the engagement aligns with ongoing economic reforms under President Bola Ahmed Tinubu, reflecting rising investor confidence.
The statement reads, “The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, received a high-level delegation from GCL Group in Abuja, 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. These investments are backed by reforms under President Bola Ahmed Tinubu and reflect rising investor confidence.”
