Again, FG Requests For Another $1bn Chinese Loan

May 16, 2019

0.3 min readCategories: News

The Federal Executive Council has approved another $1billion Chinese loan.

It will be sourced from the China-EXIM Bank for the Gurara II Hydropower project.

The power project is planned to generate 360 megawatts of electricity.

The Minister of Water Resources, Mr Sulieman Adamu, has just confirmed the approval of the loan by FEC.

President Muhammadu Buhari presided over the FEC meeting at the Presidential Villa, Abuja.

Advertise with us on Starnews.com.ng.
download the starnews app

About the Author: Starnews NG

Leave A Comment

Court remands 40-year-old man for stabbing co-tenant with knife

NNPCL Refutes Fuel Price Reduction

Okuama killing: CDS Talks Tough, Vows to Bring Killers to Book

Tinubu Unveils Economic Management Team Taskforce

Recent Tweets