Tuesday 12 April 2016

China offers Nigeria $6bn in Loans



China has offered Nigeria loans worth $6bn (£4.2bn) to fund infrastructure projects in Africa's biggest economy, the Nigerian foreign minister said on Tuesday, Reuters reports.


"It is a credit that is on the table as soon as we identify the projects," Geoffrey Onyeama told reporters travelling with President Muhammadu Buhari to China.

"It won't need an agreement to be signed; it is just to identify the projects and we access it," he said.  

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