Chinese Government pledges $15 million loan for 50 pilot/demonstration farms

$15M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Nigeria
Country	Nigeria
Start Date	Apr 01, 2016
End Date	Sep 09, 2031
Duration	5,639 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`52255`

Grant Description

Chinese Government pledges $15 million loan for 50 pilot/demonstration farms From April 11 to 15, 2016, Nigerian President Buhari visited China.

During his visit, the Chinese Government offered the Government of Nigeria a $15 million bilateral loan for the establishment of fifty, 50 pilot/demonstration farms nationwide. Each of these demonstration farms will cost N59.1 million. The ultimate goal of this pipeline project is to boost to food security in Nigeria.

📚 Sources & References

Buhari and a harvest of Chinese loans
The $6bn investments from China
China’s $15m Agric aids to Nigeria
China offers $15m for establishment of 50 Agric Demonstration Farms in Nigeria
Chinese President offers Nigeria $15m to boost agricultur
China offers $15m for establishment of 50 Agric Demonstration Farms in Nigeria Read more at: https://www.vanguardngr.com/2016/04/china-offers-15m-establishment-50-agric-demonstration-farms-nigeria/
对外投资合作国别（地区）指南尼日利亚（2019年版） 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.