Nigeria Seeks $5.7 Billion Investments from China's GCL Group in Power, Mining, and Manufacturing
STRATEGIC MINERALS
The Nigerian Federal Government aims to secure up to $5.7 billion in investments from China's GCL Group to enhance power generation, mining, and industrial manufacturing. This initiative follows a meeting between Finance Minister Wale Edun and a GCL delegation, aligning with economic reforms under President Bola Ahmed Tinubu. Proposed projects include energy generation and local mineral processing to boost domestic production and export capacity while creating jobs and reducing reliance on imports.

Feb 24, 2026, 2:19 PM