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HomeUncategorizedBREAKING NEWS: The China Development Bank has approved a $254.76 million (€245m)...

BREAKING NEWS: The China Development Bank has approved a $254.76 million (€245m) loan to support the Kano-Kaduna railway project in Nigeria.

This significant loan will boost Nigeria’s infrastructure, enhancing connectivity between two key cities, Kano and Kaduna. The project is expected to improve trade, transportation, and economic growth in the region. However, the loan also raises questions about debt sustainability and the growing influence of China in Africa.

What are your thoughts on the potential long-term impact of such projects on Nigeria’s economy and debt? 💭

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