Nigeria Heads To China For Ibadan-Kaduna Railway Loan
China’s influence in Africa is already troubling the West. But the continent could not care less.
From roads, to railway to bridges, Africa is heading to China for money and manpower.
Africa’s giant, Nigeria is no exemption.
Despite China already deeply financially committed in several infrastructural projects in the country, Nigeria’s government is again heading to China for another loan to build railway line linking the ancient city of Ibadan to northern city of Kaduna.
On Friday the government announced that it would be forwarding loan request documents to the China Exim Bank for the release of funds in order to commence construction work on the railway project.
According to the Minister of Transportation, Rotimi Amaechi, the government is optimistic that China will release the loan this year so that work can commence on the project.
Amaechi disclosed this on the sidelines of an event in Abuja where he inaugurated the boards of five agencies under the Federal Ministry of Transportation.
“We are currently working on the Lagos-Ibadan railway and we’ve completed the spur from Kaduna to Abuja. We’ve awarded the contract from Ibadan to Kaduna and from Kaduna to Kano. We will be forwarding our documents for the loan to the China Exim Bank, hoping that they will give us the loan this year for us to commence construction,” Amaechi said.
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