Jubilation as China agrees to complete Nigeria’s railway projects amid $4.7bn debt

  • China has dedicated itself to financing 85% of the construction of Nigeria’s railway projects
  • Nigeria has paid the remaining 15% through appropriations from the project’s inception
  • The Chinese President vowed to strengthen bilateral ties between Nigeria and China

China has reiterated its commitment to provide 85% of the financing for constructing the Abuja-Kano and Port-Harcourt-Maiduguri railway projects.

Nigeria, which was required to pay the remaining 15%, paid its portion of the cash through appropriations from the project’s inception.