Nigeria secures $5.7bn China investment in power, mining, manufacturing

Federal Government secures $5.7bn in prospective Chinese investments targeting power generation, mining, and industrial manufacturing. The move follows a meeting in Abuja between Finance Minister Wale Edun and GCL Group delegation led by Senator Orji Uzor Kalu. The Ministry of Finance announced the development on X, stating the investments aim to boost domestic production, create jobs, and expand export capacity across Nigeria. The initiative aligns with President Tinubu's economic reforms and seeks to reduce reliance on imported finished goods. Projects include large-scale energy generation, local mineral processing, and new factories. The capital inflow represents one of Nigeria's largest prospective foreign investments in recent years, signaling growing investor confidence in the country's policy framework.

SOURCE: https://nairametrics.com/2026/02/23/fg-moves-to-secure-5-7bn-china-investments-across-key-sectors/