China Trip: FG Secures $25b Investment Deals

The Federal Government of Nigeria, during President Goodluck Jonathan’s trade mission to China last week, has attracted over $25 billion in investment, including the $20 billion Memorandum of Understanding (MoU) signed between Power China and the Ministry of Power to generate 20,000 megawatts of electricity.

Olusegun Aganga, the Minister of Industry, Trade and Investment, said that during the visit, Bauchi State signed MoU with China Machinery Engineering Corporation (CMEC) for the provision of 120 megawatts of electricity at an estimated cost of $260 million.