The Nigerian government is seeking up to $5.7 billion in investments from Chinese industrial company, GCL Group, across power generation, mining and industrial manufacturing.
The discussions took place between Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and a delegation from GCL Group led by Senator Orji Uzor Kalu in Abuja.
According to a statement from the Ministry of Finance, the proposals focus on large-scale energy projects, local processing of solid minerals, and the establishment of factories.
“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 $5.7 billion 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.
“Backed by reforms under President Bola Ahmed Tinubu, the engagement reflects rising investor confidence and supports Nigeria’s shift from raw exports to domestic production. Strengthening energy security, industrial capacity and long-term economic growth,” the minister said.
Investment targets energy and mineral processing
During the meeting, Edun noted that the government’s priority to attract long-term capital into productive sectors of the economy.
“Our objective is clear. We want investments that support energy security, deepen local processing of our mineral resources and expand industrial output,” he said.
GCL Group’s proposed investment package is expected to cover large-scale power generation projects designed to improve electricity supply for industries.
The discussions also include plans for local processing of solid minerals.
Nigeria holds significant deposits of lithium, bauxite and other strategic minerals, most of which are currently exported in raw form.
Power infrastructure to be linked to industrial areas
Nigeria’s electricity supply remains heavily dependent on gas-fired thermal plants. These plants account for the majority of installed generation capacity and require a consistent fuel supply to operate efficiently.
The Minister noted that expanding power generation capacity is critical to industrial growth. Manufacturers have cited unreliable electricity as a major challenge to their operations.
According to him, the proposed initiative aims to enhance domestic production, create jobs, and expand export capacity across Nigeria.
The talks follow the launch of Nigeria’s National Industrial Policy 2025, which identifies power, mining, and manufacturing as priority sectors.
The Ministry of Finance stated that further technical engagements will follow to outline investment structures and implementation frameworks. No specific timeline for project execution was disclosed.
