The Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar, said that the country would soon see fresh investment of $500m (N98.5bn) from Chinese investors.
The minister, who stated this during a meeting with a delegation of businessmen from China, said the amount would be invested in key sectors of the economy such as power and agriculture, among others.
She said the Federal Government, in a bid to encourage more investments in the economy, would provide some incentives to investors.
Abubakar explained that the investment would come in form of capital injection from Skyrun Corporation and Hi-Hope International, both of which are umbrella firms for Chinese investments.
She said both companies had already invested about $500m, adding that the fresh injection of funds would bring their total investments in the economy to $1bn.
The minister said, “Our doors are open to people who are willing to come in and invest in our country. The economy needs a lot of investors and different sectors want to key in. “They’ve already invested over $500m; they’ve come with more expansion plans to go into various sectors.”
