Chinese funding of sub-Saharan African infrastructure dwarfs that of West -Think tank
Feb. 9, 2022 China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks…
Senate Approves Buhari’s $16bn, €1bn External Borrowing Request
Nov. 10, 2021 The Senate on Wednesday approved President Muhammadu Buhari’s External Borrowing (Rolling Plan) request in the sum of $16,230,077,718, and €1,020,000,000. Also approved by the upper chamber was…
FG borrows about $2.5bn from China Exim Bank for Lagos-Ibadan Rail construction –Â Amaechi
The Minister of Transportation, Rotimi Amaechi, has said that the Federal Government has borrowed about $2.5billion for the construction of a railway linking Lagos to Ibadan. He stated this during…
Transport Sector Has Recorded Many Successes Since I Became Minister – Amaechi
The Minister of Transportation Rotimi Amaechi, says he has done his best for the transport sector which has recorded a lot of success since he became minister in 2015. Amaechi…
FG approves $6.7bn for Ibadan-Kaduna standard gauge railway project
The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, on Wednesday approved 6.7billion dollars for the construction of Ibadan-Kaduna standard gauge railway project. Addressing State House correspondents on…