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

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The Rio Times
The Rio Times3 hrs ago
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. —Ann
Punch
Punch🏁 first to report1 days ago
China pledges N40bn grant for devt projects in Nigeria
China pledges a N40.3 billion grant to Nigeria for development projects, reinforcing the strong bilateral ties and economic cooperation between the two nat