According to s report by ChannelsTV, at the event on Tuesday, the Minister for Petroleum, Dr Ibe Kachikwu, described Nigeria as a reservoir of natural resources waiting to be tapped.
The Minister urged the Chinese investors to join their counterparts who have invested in Nigeria and were doing well in various sectors of the economy.
Dr Kachikwu stated that Nigeria was a preferred investor’s destination because of its liberal policies and quick returns on investments.
The Minister also signed an agreement worth $30 million.
Nigeria is targeting about $15 billion foreign investments from China and the Gulf States to replace and expand its ageing infrastructure in the oil industry.
The NNPC also targets $50 million investment from its roadshows and its major target of investors are in china, India and the gulf countries.