FG pushes $5.7bn China investment talks to drive power, industrial growth
The Federal Government is advancing negotiations with Chinese investors on proposed projects worth about 5.7 billion dollars aimed at boosting power supply and accelerating Nigeria’s industrial growth. Officials say the talks are part of a broader strategy to attract strategic capital into energy, transport and industrial infrastructure to support President Bola Tinubu’s economic reforms. According to government sources, the Chinese funding proposals cover new power generation and transmission projects, solar and clean energy investments, as well as industrial parks and manufacturing hubs in key states. The initiatives are expected to complement earlier Chinese commitments of over 20 billion dollars across agriculture, mining, automotive, steel and energy sectors. Nigeria is positioning itself as China’s top investment destination in Africa, leveraging existing rail, road and power partnerships and seeking new deals in digital infrastructure and green energy. Officials argue that sustained Chinese […]