Showing posts with label What President Jonathan Brought Back From China. Show all posts
Showing posts with label What President Jonathan Brought Back From China. Show all posts

Thursday, July 11, 2013

What President Jonathan Brought Back From China

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:
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.’”