Nigeria and China Loans – Brief Analysis

9

List of Projects from China Loan

1. Nigerian National Public Security Communication System Project
2. Nigerian Railway Modernization Project (Idu-Kaduna section)
3. Abuja Light Rail Project
4. Nigerian ICT Infrastructure Backbone Project
5. Nigerian Four Airport Terminal Expansion Project (Abuja, Kano, Lagos & PH)
6. Nigerian Railway Modernization Project (Lagos – Ibadan section)
7. Nigerian Zungeru Hydroelectric Power Project
8. Nigeria Rehabilitation and Upgrading of Abuja – Keffi Makurdi Road
9. 40 Parboiled Rice Processing Plants Project
10. Nigeria Supply of Rolling Stocks and Depot Equipment for Abuja Light Rail Project
11. Nigeria Greater Abuja Water Supply Project

 

• Three of these eight projects have not had any amount disbursed for.
• These projects range from ministries of Communications and Digital Economy, Aviation, Transportation, Works and Housing, Agriculture and Rural Development.
  • Federal Ministry of Communications and Digital Economy
  • Federal Ministry of Aviation
  • Federal Ministry of Transportation
  • Federal Ministry of Works and Housing
  • Federal Ministry of Agriculture and Rural Development

 

Nigeria’s External Debt Profile

 

Nigeria’s Total Debt Profile

• Nigeria’s debt service to revenue ratio is at least over 50%.

 

 

11 Projects from the China Loan

• The biggest project is Nigerian Railway Modernization Project (Lagos – lbadan section) is $1,267bn.
• Nigerian ICT Infrastructure Backbone Project is $100bn.