(Special Report) On the other ‘Coronavirus’ veiled with Chinese loans
Whereas the Federal Government continues to insist on borrowing more from China either the Central bank of China or the sister China-Exim Bank for another $17bn loan, experts have continued to ask questions on where are all the recovered loots…
Ghana gets $100m education infrastructure funding from China Exim Bank
As part of drive to grow education infrastructure in Ghana, the government has secured $100 million from the China Exim Bank to upgrade infrastructure, equipment and other training materials for technical universities and institutes in the country. This was made…
Fears as rising US-China tariffs crisis may mar massive flow of cheap loans to Africa
There are indications that the continued rise in US-China trade war which is hitting hard on Chinese industrial productivity may soon begin to hobble free-flow of cheap loans to Africa and Nigeria in particular. It would be recalled that during…
Without paying counterpart N9bn, FG to inaugurate completed Abuja light rail today
The Federal Government will today in Abuja, inaugurate Abuja Light Rail for commercial services. However, the lead contractor, China Civil Engineering Construction Corporation (CCECC) on Wednesday in an interview revealed that government has not provided its N9 billion counterpart funding…
Amaechi to explain why S/East, N/East were excluded in new rail schemes before Senate
The Nigerian Senate after reviewing the superior argument of South East and North East lawmakers lead by Senator Enyinnaya Abaribe on the clear exclusion of the regions in the new railway schemes, has summoned the Minister of Transportation, Rotimi Amaechi…
Chinese FDI to Nigeria rises to $13b including $1.3bn Lagos-Ibadan railway
Going by the latest statistics, China can be said to be the axis from where more lumps of foreign direct investments (FDIs), especially in infrastructure delivery, is coming from. This may be among the reasons why the Chinese Deputy Ambassador…