China has granted Nigeria a $6 billion loan to fund infrastructural projects. “It won’t need an agreement to be signed; it is just to identify the projects and we access it,” he said.

Nigeria also entered a currency swap deal with China as the Industrial and Commercial Bank of China Ltd (ICBC), the world’s biggest lender, and Nigeria’s central bank signed a deal on yuan transactions. According to Lin Songtian, Director General of the African Affairs Department of China’s foreign ministry,

“It means that the renminbi (yuan) is free to flow among different banks in Nigeria, and the renminbi has been included in the foreign exchange reserves of Nigeria”

#PMBInChina: China Grant Nigeria $6 billion Loan, Signs Currency Swap Deal | Photos

For the citizen's sake, i hope the loan will be put into good use. Anything less, will leave the country with a toxic debt.

more pictures..

Ok o, $6 billion no be beans o, abeg make we no use am do propaganda.

Here's another pictures from china..

Nigeria is looking more and more like a real and credible country..


Great time to be a proud Nigerian..

$6 billion


nice we are hoping to see much development soon.

God Bless PMB

God Bless Bola Ahmad Tinubu

God Bless Nigeria And Nigerians.

I tot they said 2 billion dollars

I don't trust China, they are Economic colonizers. These debt is a Trap.

Adaure4ever may your sight never grow dim..... LOAN WITHOUT AGREEMENT?

who banned me here without charges? some of these moderators are just wicked, if you make them minister of power and shout for them , they will vandalise your pole and carry your transformer. back to the topic . Baba sign whatever you're signing there and come home and sign the most important one

From Two billion dollars to six billion? Why the initial lie nau

The National Assemble need to study, scrutinise the conditions of this loan before the president sign any deal in a democratic country. We don't trust bubu and China oh!

Loan without a formal agreement? We are finished.

gistyinka:


“It means that the renminbi (yuan) is free to flow among different banks in Nigeria, and the renminbi has been included in the foreign exchange reserves of Nigeria”

Chinese Yuan gaining grounds! Soon it would be a universally accepted currency for international transactions just like the dollar. Slowly but surely...

Make we dey watch

PMB restoring our swag

Adaure4ever:
I don't trust China, they are Economic colonizers.
These debt is a Trap.

Is it no more America again?
Smh4u...Nice name by d way!

I feel really sorry for this man. The task before him is indeed arduous, but as daunting as it is, so shall the glory be when the mission is accomplished!

I see a gentleman destined to leapfrog the nation's economy into the future, ahead of her peers in record time.

I believe we are seeing the father of Modern Nigeria, our very own Lee Kuan Yew, in the making- doubt that at your own risk.

Adaure4ever:
I don't trust China, they are Economic colonizers.
These debt is a Trap.

Just one quick question if I may: if we can't trust China, who then can we

Adaure4ever:
I don't trust China, they are Economic colonizers.
These debt is a Trap.

100% better than IMF!

omenka:
Just one quick question if I may: if we can't trust China, who then can we

haaaa ask dem o. me self confuse!

The pressure on the US dollar will go down by 50%.

NO more Obama selfies.

omenka:
I feel really sorry for this man. The task before him is indeed arduous, but as daunting as it is, so shall the glory be when the mission is accomplished!

I see a gentleman destined to leapfrog the nation's economy into the future, ahead of her peers in record time.

I believe we are seeing the father of Modern Nigeria, our very own Lee Kuan Yew, in the making- doubt that at your own risk.

And fuel is N220 per litre.

Naughtysite:


And fuel is N220 per litre.

Buhari turned the hands of our national clock back to stone age under 9 months. Nigeria can't even survive 3 more months of Buhari.

Naughtysite:


And fuel is N220 per litre.

Bros, it is too early oo. You'd do yourself a lot of favour to mind your business. I no mention names or quote anybody oo. I didn't request anyone quotes me the price of fuel. Don't get me started, na beg I dey beg you.

With all the stress Buhari has undergone to procure this loan, even if his wife embezzles 1kobo, she will be severely dealt with.

At least will are 100% sure that unlike the $2.1b in Jonathan's era, this one will not end up in someone's pocket.

GambaOsaka:

With all the stress Buhari has undergone to procure this loan, even if his wife embezzles 1kobo, she will be severely dealt with.

At least will are 100% sure that unlike the $2.1b in Jonathan's era, this one will not end up in someone's pocket.

Very true brother. The frustrated piglets and children of the Lost Tribe of Myanmar whose lives revolve around nothing but the price of fuel are busy quoting prices for people unsolicited while others make the most of rare opportunities that abound courtesy of the administration.

I pray someone doesn't die on a queue reading my post.