President Goodluck Jonathan and Chinese President Xi Jinping on
Wednesday presided over the signing of accords between Nigeria and China
to facilitate $1.1 billion in low-interest loans for infrastructure and
other critical needs in Nigeria.
China, which is increasingly looking to Africa for oil and other natural resources, is offering Nigeria:
China, which is increasingly looking to Africa for oil and other natural resources, is offering Nigeria:
Loans to help fund airport terminals in four cities, roads, a light-rail
line for its capital, a hydropower plant and oil and gas
infrastructure.
Jinping said both countries had been brought together by a common task of national development. He said: “As a proverb of Nigeria reads, ‘A man cannot sit down alone to plan for prosperity.’”
Jinping said both countries had been brought together by a common task of national development. He said: “As a proverb of Nigeria reads, ‘A man cannot sit down alone to plan for prosperity.’”