China EXIM Bank Almost Ready to Fund Rail Projects in Nigeria – Adeosun

Nigeria’s Finance Minister, Mrs. Kemi Adeosun has announced that the Federal Government was finalising arrangements with the China EXIM Bank on the funding of rail projects in the country.

“All the local borrowing has been undertaken in the local market and we have been utilising that money. On foreign borrowing, we had anticipated doing that towards the second and third quarters of the year.

“On the China EXIM Bank funding, we are waiting for the finalisation of the contract agreement on the rails because those are tied projects,” she said.

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