CNN posted on 14 September 2017 a report titled "Nigeria Announces $5.8 Billion Deal for Record-breaking Power Project" by Kieron Monks.
A consortium of Chinese state-owned construction companies have agreed to build the 3,050-megawatt Mambila hydroelectric power project for $5.8 billion. This will be the largest power plant in Nigeria. China's Export-Import bank will provide loans for 85 percent of the cost and the Nigerian government will cover 15 percent. A contract in 2007 for $1.4 billion with two Chinese companies to build a smaller plant broke down soon after signature.
Showing posts with label Muhammadu Buhari. Show all posts
Showing posts with label Muhammadu Buhari. Show all posts
Monday, September 18, 2017
Tuesday, January 17, 2017
China-Nigeria Relations Scrutinized
Ventures Africa published on 16 January 2017 a commentary titled "One China: Nigeria's Legacy of Poor Negotiations" by Akinkunmi Akingbade.
The commentary follows Nigeria's recent announcement that it asked the government of Taiwan to move its trade office from the political capital of Abuja to the commercial capital of Lagos. Beijing has been urging such a move for years. The author suggests that Nigeria's "One China" policy and obsession with financing from China has caused it to negotiate poorly with China.
The commentary follows Nigeria's recent announcement that it asked the government of Taiwan to move its trade office from the political capital of Abuja to the commercial capital of Lagos. Beijing has been urging such a move for years. The author suggests that Nigeria's "One China" policy and obsession with financing from China has caused it to negotiate poorly with China.
Labels:
China,
debt,
diplomacy,
infrastructure,
investment,
Muhammadu Buhari,
Nigeria,
Taiwan
Sunday, June 14, 2015
China-Nigeria Relations in the Buhari Era
India's Gateway House published on 6 May 2015 a commentary titled "China-Nigeria Relations in the Buhari Era" by Dan Steinbock, India China and America Institute.
The author concludes that the stars are well-aligned for intensified cooperation between Abuja and Beijing as long as cooperation is based on a long-term perspective that supports Nigerian competitiveness and Chinese investors.
The author concludes that the stars are well-aligned for intensified cooperation between Abuja and Beijing as long as cooperation is based on a long-term perspective that supports Nigerian competitiveness and Chinese investors.
Labels:
Brazil,
China,
corruption,
diplomacy,
investment,
Muhammadu Buhari,
Nigeria,
trade
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