Nigeria, China Ink Agreement to Fund Major Power Project

Abuja — The governments of Nigeria and China furthered their mutual cooperation on Saturday with the signing of approximately 1.293 billion U.S. dollars agreement on a major power project in the West African country.

Located in Zungeru, a local community in Niger State, 150 km away from the capital city Abuja, the Zungeru Hydroelectric Power Project is expected to generate 700,000 kilowatts or 700 megawatts of power for Africa's most populous country, Minister of Finance Ngozi Okonjo-Iweala said at the signing ceremony.

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