The China Development Bank has released a $254.76 million loan to Nigeria to support a key railway project linking the northern states of Kano and Kaduna. The funding is aimed at providing financial support for the 203km railway’s progress, which has faced significant delays in the past. This announcement precedes a visit by China’s foreign minister to Nigeria, highlighting the strong bilateral relationship.
The railway project, with a total estimated cost of $973 million, is a component of China’s Belt and Road Initiative. Once completed, the standard-gauge railway will offer a direct link between the northern city of Kano and the nation’s capital, Abuja. It is expected to provide a safe, efficient, and convenient mode of transportation in a region where road travel is frequently threatened by armed gangs.
The article notes that China is one of the largest bilateral lenders to Nigeria, regularly providing loans for major infrastructure projects like roads, railways, and power stations. This financial commitment underscores China’s ongoing role as a key partner in Nigeria’s infrastructure development efforts.
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