The Nigeria Investment Promotion Commission is seeking the support of China to fund the N2.1trn 3050MW Mambilla hydropower project.

Speaking at a forum on the 50th anniversary of the establishment of diplomatic relations between China and Nigeria, Chairman Governing Council, NIPC, Babangida Nguroje, described China as the number one importer to Nigeria, valued at about $12bn as of 2019 and number nine exporter from Nigeria valued at $1.6bn within the period.

He said China had been a top investor with a focus on Africa and in particular, Nigeria, as its number one Foreign Direct Investment interest.

https://dailytrust.com/nipc-seeks-chinas-support-for-n2-1tr-mambilla-power-project

Chinese everywhere

Another opportunity to loot

them never finish build am?
No be here Osinbanjo and 1 million chinese camp about 5 years ago?

Are this people not creative at all to find new ways of generating income without borrowing..

I have been hearing about this mambila project, Ajaokuta steel, warri refinery, Kaduna refinery, turnaround maintenance since I was born. Now I'm in my earl 30s.

helinues:
Are this people not creative at all to find new ways of generating income without borrowing..

The last time we asked the government to look inward to create revenue was when they hiked taxation on banking transactions....


Please, allow them to borrow out of ineptitude.....

yanabasee1:



The last time we asked the government to look inward to create revenue was when they hiked taxation on banking transactions....


Please, allow them to borrow out of ineptitude.....

They should forget about the project then cos after collecting the loans, they won't still do the project

helinues:


They should forget about the project then cos after collecting the loans, they won't still do the project

You think they give a damm about the project? The loan is meant for them and their Chinese partners.

Seems China is our new IMF. They can always turn a blind eye to our had policies and give us outrageous loans.

omo ase dey wait for give away