Chinese Government pledges $500 million concessional loan for unspecified purposes

$500K USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Nigeria
Country	Nigeria
Start Date	Feb 01, 2008
End Date	May 16, 2033
Duration	9,236 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`43170`

Grant Description

Chinese Government pledges $500 million concessional loan for unspecified purposes In February 2008, the Government of Nigeria and the Chinese Government signed several agreements.

One of these agreements included a pledge from the Chinese Government to provide a concessional loan worth $500 million for the execution of projects to be identified by the Government of Nigeria.

📚 Sources & References

China's Investment in Country Hits $3 Billion
Nigeria: China's Investments in Country Hit $3 Billion 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.