Chinese loan secures funding for Nigerian deep-water port

Chinese loan secures funding for Nigerian deep-water port

Chinese loan secures funding for Nigerian deep-water port

The project to build the first deep water port in Nigeria has received a boost in the form of a USD 629 million loan from China Development Bank (CDB), to support its construction, development and early operation, and investment which forms part of the Chinese Belt and Road Initiative (BRI).

For more information, please see https://www.africanlawbusiness.com/news/10373-chinese-loan-secures-funding-for-nigerian-deep-water-port

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