President to borrow $2bn from China
The Presidency has confirmed the visit and the loan which it says will be used to finance badly-needed infrastructure projects.
President Muhammadu Buhari
Recommended articles
It has however not confirmed the figure which was first stated in a report by Chinese TV syndicate, CCTV Africa in February.
A Nigerian government official has also reportedly confirmed the figure to Vanguard.
“The Finance Minister, in the company of the Central Bank Governor, is scheduled to be in China sometime next week to conclude negotiations on the $2 billion loan,” the official said.
ADVERTISEMENT
Finance Minister, Kemi Adeosun made an initial visit to China in February to commence negotiations for the loan.
-----------------------------------------------------
See Pulse Photo-News gallery below:
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Ganduje: IGP lauded for withdrawing police attached to Kano anti-graft commission
Gunmen brutally murder Aiyedatiwa’s campaign coordinator in front of his house
Tinubu best thing to happen to northern Nigeria - Arewa group
Nursing mothers lament high cost of diapers, mulls alternative
PDP wins chairmanship seats in all 33 LGs in Oyo State
Air Force strikes terrorists in Niger and economic saboteurs in Niger Delta
Thunderstorms will rumble across Nigeria in the next 3 days, NiMet warns
Nestle's sugar-coated infant milk not registered, sold in Nigeria – NAFDAC
Gov Otu inaugurates 50,000-hectare rice farm in Cross River
ADVERTISEMENT
![National Security Adviser (NSA), Mallam Nuhu Ribadu [Presidency]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "National Security Adviser (NSA), Mallam Nuhu Ribadu [Presidency]")