Chinese Bank Approved To Finance Nigeria Rail Project

By -


 

Nigeria's Senate has approved the China Development Bank as the new financier for a rail project, which is set to cost close to a billion dollars.

Another Chinese lender had been due to fund the line between Kaduna and Kano - the largest city in the north - but it pulled out in 2020.

When President Muhammadu Buhari came to power eight years ago, he prioritised upgrading the country's poor transport network and power supply.

However, funding has been a major constraint.

Parliament has approved several billion dollars worth of loans from Chinese and other international lenders but funds have yet to materialise.

When president-elect Bola Tinubu takes over in May, he will inherit a raft of challenges including double-digit inflation and widespread insecurity.

Comments

Post a Comment

Popular posts from this blog

Big Brother Fans Speculate on AJ Odudu's Mic Blunder Reaction to Trish's Eviction

By -
Image
 Big Brother viewers are convinced they picked up on AJ Odudu's real reaction to Trish's eviction during Friday night's live episode. Following Trish's exit, which left many viewers reeling after she was tipped as one of the favourites to win the show, fans speculated over AJ's one-word response. Many believe they caught AJ saying 'what?' after it was revealed that Trish would be the second evictee of the night, after Chanelle was booted from the house. They suggested that the Big Brother host was just as shocked as viewers that Trish was leaving the house just a week before the live final. After it was announced that Trish would be leaving, AJ's reaction was caught due to the close proximity of her microphone. One account, wrote: 'AJ Odudu saying 'what?!' accidentally down her mic into the house after Trish was evicted I… she really is one of us #BBUK.' Stunned: Following Trish's exit, which left many viewers reeling after she was t
Read more

Characters In BBC’s Documentary On TB Joshua Unknown To Us – Synagogue Church

By -
Image
  The Synagogue Church of all Nations (SCOAN) has countered the BBC documentary on the late Temitope Babatunde Joshua, known as TB Joshua, founder of SCOAN. SCOAN described the documentary against TB Joshua as unfounded, and that the characters interviewed in the report were unknown to the church. The church, in a statement signed by its Public Affairs Director, Mr Dare Adejumo, said the statement was aimed at disabusing public minds from the report. The News Agency of Nigeria (NAN) recalls that the BBC released a highly controversial and damning documentary on the late TB Joshua on Monday, accusing him of various crimes, including rape, against some members. SCOAN said, “BBC World Services investigative unit, code-named Africa Eye, came out this week with weird and strange episodes of atrocities against the late founder of SCOAN.” It said that to investigate and publish or broadcast reports was a central kernel of journalism, but to do so outside the ethics and fundamental principles
Read more

NBA Suspends Canada’s Joshua Primo For 4 Games For Exposing Himself To Women

By -
Image
  The NBA has suspended former San Antonio Spurs guard  Joshua Primo   for four games   ... after it says it found he exposed his private parts to multiple women. The league announced the ban on Friday morning ... saying an investigation into the free agent revealed he had "engaged in inappropriate and offensive behavior." NBA officials called his actions "conduct detrimental to the league." They did, however, note that they "did not find evidence that he engaged in any sexual or other misconduct apart from these brief exposures." "Primo maintains that his conduct was not intentional," the league said. Dr. Hillary Cauthen , Primo's former therapist, was the first to  bring the allegations  against Primo to light after she claimed last fall that he exposed himself to her on nine separate occasions. Dr. Cauthen's attorney,  Tony Buzbee , alleged the Spurs were aware of Primo's actions, but didn't take action. Cauthen went on to file
Read more