The Minister of Foreign Affairs, Geoffrey Onyeama, has disclosed that China has offered Nigeria a loan worth $6bn to fund projects.

Speaking with reporters who travelled with President Muhammadu Buhari to China, Onyeama said,

“It is a credit that is on the table as soon as we identify the projects, we access the facility,”
“It won’t need an agreement to be signed; it is just to identify the projects and we will access it.”

Similarly, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in a statement revealed that the Chinese President, Xi Jinping has offered a $15m agricultural grant to Nigeria for the establishment of 50 demonstration farms across the country.

Shehu said the Chineses President made the offer during talks between Buhari’s delegation and high-ranking Chinese government officials.
The Chinese government also pledged to strengthen the military and civil service, Shehu said.

Shehu also stated that the Chinese government has offered to raise its scholarship awards to Nigerian students from about 100 to 700 annually, while 1,000 other Nigerians would be given vocational and technical training annually.

“China also expressed an interest in setting up major projects in Nigeria such as refineries, power plants, mining companies, and textile manufacturing and food processing industries as soon as the enabling environment is provided by the Federal Government,”

the statement added.

Post Reply

Posted: at 13-04-2016 12:02 PM (8 years ago) | Hero

buharism regime am not surprised. with all d monies dis aboki has recovered his still borrowing more to b stolen again for anoda government to come and recover. modern slavery knocking hard

Posted: at 13-04-2016 12:40 PM (8 years ago) | Upcoming

sounds good!!

Posted: at 13-04-2016 01:13 PM (8 years ago) | Grande Master

the problem is not borrowing
but borrowing and growing wings to dubai, saudi, panama and south afrik.
there is God ooooooooo

Posted: at 13-04-2016 01:15 PM (8 years ago) | Upcoming

Hmmmm;Nigeria

Posted: at 13-04-2016 02:06 PM (8 years ago) | Gistmaniac

Chain government  borrowing to make the chain worst in the future, more money to lavish

Posted: at 13-04-2016 02:46 PM (8 years ago) | Gistmaniac

WAITING FOR SOMEONE TO BLAME THIS ON BUHARI... Be careful, be very very careful,CAREFULLLLLLLLLLLLLLLLLLLLLLLLL...

Posted: at 13-04-2016 03:19 PM (8 years ago) | Hero

gOOD ONE,,,,

Posted: at 13-04-2016 04:13 PM (8 years ago) | Hero

Please read dis..:
 “It is a credit that is on the table as soon as we identify the projects, we access the facility,”
“It won’t need an agreement to be signed; it is just to identify the projects and we will access it.”
So una never even identify d projects una wan do....Chai, i don suffer....

Posted: at 13-04-2016 05:48 PM (8 years ago) | Hero

Nigeria should cover their face in shame. $15m
offered to Nigeria by China. An oil rich producing
nation? This is a big shame. China said they will
consider investing in Nigeria when the enabling
environment is there. Nigeria having an enabling
environment is a mirage. That was why they put
it that way and gave our government $15m
indirectly telling our government "stop disturbing
us, we have our own problems with over 1.3
billion citizens. Que Sera Sera

Posted: at 13-04-2016 06:30 PM (8 years ago) | Upcoming

Th same China we rejected and scorned their products in the 80s now offer us help. Very soon Haiti and Santa Domingo will come to our aid. Yet we have billionaires and billions of dollars hidden all over the world; Nigerian money boosting the economy of other countries while own country suffers.   

Posted: at 13-04-2016 09:29 PM (8 years ago) | Gistmaniac

E no bad

Posted: at 13-04-2016 10:13 PM (8 years ago) | Gistmaniac

we no go see the effect of the money

Posted: at 13-04-2016 11:04 PM (8 years ago) | Hero

am so speechless right now

Posted: at 13-04-2016 11:25 PM (8 years ago) | Gistmaniac

...lyf goes on

Posted: at 14-04-2016 12:31 PM (8 years ago) | Gistmaniac

We. Still dey wait

Posted: at 14-04-2016 03:46 PM (8 years ago) | Hero

Be careful, be very very careful,CAREFULLLLLLLLLLLLLLLLLLLLLLLLL...

Posted: at 15-04-2016 05:30 PM (8 years ago) | Hero

This is too much

Posted: at 19-04-2016 05:34 AM (8 years ago) | Gistmaniac

Be careful, be very very careful,CAREFULLLLLLLLLLLLLLLLLLLLLLLLL...

That's right

Posted: at 19-04-2016 05:34 AM (8 years ago) | Gistmaniac

We. Still dey wait

For what

Posted: at 19-04-2016 05:34 AM (8 years ago) | Gistmaniac

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