NIGERIAN GOVT GETS $255M CHINESE LOAN FOR KANO-KADUNA RAILWAY PROJECT

download 83 1

NIGERIAN GOVT GETS $255M CHINESE LOAN FOR KANO -KADUNA RAILWAY PROJECT

China Development Bank, CDB, has approved the first tranche of a $255 million loan for the Nigerian government’s Kaduna-Kano railway project.

This was disclosed in a statement by CDB on Tuesday.

The loan, according to the China Development Bank, will provide crucial financial backing to ensure the smooth construction of the transportation initiative.

The railway is on the list of practical cooperation deliverables released during the third Belt and Road Forum for International Cooperation in 2023.

CBD said the railway project has been making steady progress, so far, adding that going forward, it will closely coordinate with Nigerian partners to ensure the smooth disbursement of subsequent loans and effective post-loan management.

The Kaduna-Kano railway, which spans through 203 kilometres in total, once completed, would provide a direct rail connection between Kano and Kaduna.

About Dons Eze

DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

Check Also

NO GOING BACK ON NAIRA-FOR-CRUDE IMPLEMENTATION – FG

NO GOING BACK ON NAIRA-FOR-CRUDE IMPLEMENTATION –FG Minister of Finance and Coordinating Minister of the …

Leave a Reply

Your email address will not be published. Required fields are marked *

©2023 PeoplesVoice.NG | All Rights Reserved
Sahifa Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.

DISCLAIMER - TERMS AND CONDITIONS - PRIVACY POLICY