$3.313bn Chinese loans: Nigeria pays $461m, still owes $3.12bn - News Summed Up

$3.313bn Chinese loans: Nigeria pays $461m, still owes $3.12bn


For the Nigerian National Public Security Communication System project, Nigeria signed a loan deal of $399.5million with China on December 20, 2010. Nigeria and China signed a loan deal of $500million for the Nigerian Railway Modernisation Project (Idu- Kaduna section) on December 20, 2010. To finance the Nigerian ICT Infrastructure Backbone Project, Nigeria signed a $100million loan deal with China on January 5, 2013. For the Nigerian Zungeru Hydroelectric Power Project, Nigeria signed a loan deal of $984.32million with China on September 28, 2013. For the Rehabilitation and Upgrading of Abuja-Keffi- Makurdi Road project, Nigeria signed a loan deal with China for $460.82million on August 18, 2017.


Source: Nigerian Tribune August 03, 2020 06:00 UTC



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