16 May 2019

Nigeria: FEC Approves Fresh $1bn Chinese Loan

The Federal Executive Council (FEC) has approved another $1billion Chinese loan.

The loan will be sourced from the China-Exim Bank for the Gurara II Hydropower project, which will generate 360 megawatts of electricity.

The Minister of Water Resources, Mr. Suleiman Adamu, confirmed the approval of the loan by FEC.

President Buhari presided over the FEC meeting at the Presidential Villa, Abuja.


Angry Citizen Destroys Properties At Nigerian Embassy in London

A Nigerian, identified as Jeffery Ewohime, destroyed properties, mainly cars, at the Nigerian Embassy in London. Read more »

See What Everyone is Watching

Copyright © 2019 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.