Kachikwu Signs $8.5 Billion Deal With Chinese Investor

[caption id="attachment_9604" align="alignnone" width="690"]Dr. Emmanuel Ibe Kachikwu at the NNPC-China Investors’ Roadshow 2016 event.[/caption]

The Minister of State, Petroleum Resources and Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu, has signed a potential investment deal for $8.5 billion with a Chinese company.

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Kachikwu who led a team of top management and key stakeholders of the NNPC visited the China North Industries Corporation (NORINCO), to sign the deal during the NNPC-China Investors’ “Roadshow” 2016 in China.

Reports say his visit is a follow-up to President Muhammadu Buhari’s visit to China in April, 2016.

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