Why We Looked Into This? ยป๐
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List of Projects from China Loan
- Nigerian National Public Security Communication System Project
- Nigerian Railway Modernization Project (Idu-Kaduna section)
- Abuja Light Rail Project
- Nigerian ICT Infrastructure Backbone Project
- Nigerian Four Airport Terminal Expansion Project (Abuja, Kano, Lagos & PH)
- Nigerian Railway Modernization Project (Lagos – Ibadan section)
- Nigerian Zungeru Hydroelectric Power Project
- Nigeria Rehabilitation and Upgrading of Abuja – Keffi Makurdi Road
- 40 Parboiled Rice Processing Plants Project
- Nigeria Supply of Rolling Stocks and Depot Equipment for Abuja Light Rail Project
- Nigeria Greater Abuja Water Supply Project
- Three of these eight projects have not had any amount disbursed for.
- These projects range from ministries of Communications and Digital Economy, Aviation, Transportation, Works and Housing, Agriculture and Rural Development.
Nigeria’s External Debt Profile
Nigeria’s Total Debt Profile
- Nigeriaโs debt service to revenue ratio is at least over 50%.
11 Projects from the China Loan
- The biggest project is Nigerian Railway Modernization Project (Lagos – lbadan section) is $1,267bn.
- Nigerian ICT Infrastructure Backbone Project is $100bn.