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He said the development would ensure inclusiveness and help arrest the agitation for Biafra in the South-East, especially among young people who had been misled by IPOB activities and other separatist movements.
Key highlights: China Development Bank (CDB) announced as the new financier for the
The ex-financier, China Exim Bank, backed off the project making way for the China Development Bank to take over.
The Senate said China Development Bank (CDB) has taken over the financing of the project following the withdrawal of the China Exim Bank.
Of US$ 95.4 billion, US$ 82.0 billion will be repaid as principal while almost US$ 13.4 billion will be repaid as interest (subject to exchange rate and interest rate variations).