Buhari: China Reversing Nigeria’s Infrastructure Deficit

Outgoing Chinese ambassador to Nigeria, Zhou Pingjian, speaking with President Mohammadu Buhari via video conference. Image via @china_emb_ng

President Muhammadu Buhari lauded China’s contributions to help Nigeria finance and build badly-needed infrastructure. “China’s playing a great role in reversing Nigeria’s infrastructural deficit,” he said in a statement following a farewell meeting on Tuesday with outgoing Chinese Ambassador Zhou Pingjian (photo). 

As of March 30, 2020, Nigeria has borrowed $3.12 billion from China to finance 11 different infrastructure projects across the country, according to data from the Debt Management Office. But the president hopes to borrow a lot more in the future. Last month, the Nigerian Senate approved President Buhari’s request to take out an additional $22.7 billion of loans, with about $17 billion of that package expected to come from the China Exim Bank. 

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by Eric Olander

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