Nigerian Finance Minister to visit China Yiwei La announced on the 12th, the Export-Import Bank of China will provide Nepal with a $ 1.1 billion loan to help the country to the construction of the airport terminal and light rail, as well as to improve the communication system. The news boosted the public confidence in the economic development of Nigeria, but also raises some doubts, because just last week, the Nigerian Ministry of Aviation recently announced $ 600,000,000 loan from China for the construction of the 11 airport terminals. Nigerian media have questioned whether the Government will be how to take advantage of China's loans. The Associated Press and other Western media claimed that these loans reflects the deepening of economic relations between China and the oil-rich Nigeria, Nepal and similar agreements are often caught up in corruption allegations, the problem still exists today.
Nigeria's largest newspaper, "the impact of the 13th issued a document called finance ministers Yiwei La in Beijing on the 12th, signed a loan agreement with China bank loans of $ 1.1 billion to the federal government of Nigeria for 20 years, a preferential interest rate of 2.5%, as well as 7-year grace period. Yiwei La finance ministers, senior assistant subsequently issued a statement saying that 600 million of the $ 1.1 billion loan for the financing of two priority projects are the Nigerian capital Abuja light rail construction (an estimated cost of $ 500 million) and communication facilities construction ($ 100 million), the two projects are expected to be completed in 2015; $ 500,000,000 will be used in Nepal in four cities across Abuja, Kano, Port Harcourt and Enugu construction of four state-of-the-art the airport terminal building.
The impact newspaper said, the problem is that the Nigerian Ministry of Aviation has just announced last week, from the Chinese bank to obtain a loan of U.S. $ 600 million for the construction of 11 airports in the country Terminal. Representation of inconsistency in government departments, the Department of Aviation officials said the 12th, the $ 600 million loan for the construction of five passenger terminals and six freight station, we had announced that this information is correct, do not know whether the situation appears changes. "
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