Chinese Loan Rises By $330m In One Year, Now $3.59bn On 15 Projects
Nigeria’s debt to China increased from $3.26bn as of September 30, 2020, to $3.59bn as of September 30, 2021, showing an increase of $330m in one year.
This is according to an analysis...
Ibadan-Kano Rail: FG Negotiates $6bn Chinese Loan
The Federal Government is currently negotiating a loan of about $6bn with the China Export-Import Bank for the construction of the Ibadan-Kano rail line.
It has also approved $195m for the security of Nigeria’s waterways by an Israeli firm...
FG opts against $550m Chinese loan for communications satellites
The Federal Government has backed out of a plan to take a loan of $550m from the Chinese Export and Import Bank for the construction of two new communications satellites.
The Minister of Communications, Mr. Adebayo Shittu,...
