China Pledges US$28 Million Grant to Nigeria as Ties Deepen

Nigeria · GEOPOLITICS Key Facts —Grant amount: China will provide RMB 200 million (about US$28 million) in grant assistance to Nigeria, worth roughly N40 billion at the Central Bank of Nigeria exchange rate. —Financing type: The funds are explicitly a grant, not a loan, meaning Nigeria has no repayment obligation. —Announcement setting: The pledge was…