Nigeria and China Loans – Brief Analysis

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

 

 

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.

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