The Federal Executive Council (FEC) of Nigeria has approved another $1billion Chinese loan.

The loan will be sourced from the China-Exim Bank for the Gurara II Hydropower project, which will generate 360 megawatts of electricity.

For more information, please see https://www.thisdaylive.com/index.php/2019/05/16/fec-approves-fresh-1bn-chinese-loan/amp/