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Nigeria s cabinet approves funding for $11 2 billion Lagos-Calabar

Nigeria s cabinet approves funding for $11 2 billion Lagos-Calabar
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Port harcourtCross riverLai mohammedMuhammadu buhariRotimi ameachiChina civil engineering construction corpChina civil engineering constructionPresident muhammadu buhariPort harcourt maiduguriStandard charteredபோர்த் ஹர்கார்ட்குறுக்கு நதிலாய் முகமதுசீனா சிவில் பொறியியல் கட்டுமானம் கார்ப்சீனா சிவில் பொறியியல் கட்டுமானம்தரநிலை பட்டய

False claims that China is laying a debt trap in Africa

False claims that China is laying a debt trap in Africa By Ikenna Emewu | China Daily | Updated: 2021-08-03 07:35 [Photo by Cai Meng/China Daily] In 2020, while documenting the Abuja integrated transport project, which includes the metro, intercity railway and the Abuja airport, and is handled by China Civil Engineering Construction Corp, I read in detail how China developed its high-speed railways. Cooperation between countries is important for improving infrastructure and boosting economic development, and it is cooperation that China is offering African countries through loans. Yet, when some vested interests talk about China s loans to African countries, they don t mention that every international loan agreement is vetted by the International Monetary Fund for compliance with its Loan Viability Assessment obligations. Which means loan agreements between China and African countries, based on standing IMF rules, are not riddled with pitfall

United statesFrance generalSouth koreaAbuja federal capital territoryGeoffrey onyeamaUs institute of peaceInternational monetary fundEuropean union in africaChina civil engineering construction corpWorld bankParis clubLoan viability assessmentNigerian foreign minister geoffrey onyeamaBritain based jubilee debt campaignRepublic southEuropean union

Nigerian govt ditches China, seeks $14 4 billion rail loan from Standard Chartered

Choosing not to borrow from China could be a way to cut Nigeria’s exposure to the country, which stood at $3.4 billion as of March.

Cross riverUnited kingdomAbuja federal capital territoryZainab ahmedMuhammadu buhariRotimi amaechiStandard chartered plcPt mag campaignChina civil engineering construction corpMiddle eastTransportation rotimi amaechiTransportation rotimiEastern linePort harcourtCoastal lineExport import bank

Nigeria In-talks with StanChart to Replace $14 4 billion loan request from

Nigeria’s government is in talks with Standard Chartered Plc about arranging funding for two rail projects expected to cost as much as $14.4 billion, replacing earlier plans to source the loans from Chinese banks, Transport Minister Rotimi Amaechi said. President Muhammadu Buhari’s administration and the

Port harcourtCross riverAbuja federal capital territoryCity ofUnited kingdomDayo aderugboZainab ahmedMuhammadu buhariRotimi amaechiStandard chartered plcCredit suisse groupNational bureau of statisticsChina civil engineering construction corpAfrica finance corpTransport minister rotimi amaechiFinance minister zainab ahmed

FG in talk with Standard Chartered bank to replace Chinese loans for rail projects

FG in talk with Standard Chartered bank to replace Chinese loans for rail projects Business

Port harcourtCity ofUnited kingdomZainab ahmedRotimi amaechiStandard chartered bank plcChina civil engineering construction corpStandard chartered bankFederal governmentMinister zainab ahmedTransportation ministerபோர்த் ஹர்கார்ட்நகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்தரநிலை பட்டய வங்கி ப்ல்சீனா சிவில் பொறியியல் கட்டுமானம் கார்ப்