Chinese Government cancels N325 million of the Government of Nigeria’s outstanding debt obligations

$325M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Nigeria
Country	Nigeria
Start Date	Sep 04, 2003
End Date	Jan 23, 2031
Duration	10,003 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1529`

Grant Description

On September 4, 2003, Chinese Vice Foreign Minister Qiao Zonghuai signed a N325 million debt cancellation agreement from China to Nigeria. The agreement was signed by Qiao and Nigerian Minister of State for Foreign Affairs Mallam Saidu Samaila Smabawa.

📋 Staff Comments

This project is not marked as umbrella because we do not capture any loan projects in Nigeria prior to 2003, so there is no risk of double-counting.

📚 Sources & References

China Grants N97.5bn Debt Relief to Africa. Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.