By CrossRiverWatch admin
The China-Exim bank has agreed to finance Nigeria’s railway projects linking Lagos to Kano and Lagos to Calabar, Vice President Yemi Osinbajo said Tuesday.
The plan of the federal government to raise a $25 billion Infrastructural Fund from the global community and establish long term bankable projects is gaining traction, Mr. Osinbajo said.
“We have seen considerable, favourable interests from some sovereign wealth funds and other nations,” the vice president told a delegation of the Lagos Chamber of Commerce and Industry that paid him a courtesy call in his office.
Explaining the idea of the fund to the delegation, Mr. Osinbajo said the Nigeria Sovereign Investment Authority which manages the country’s sovereign wealth fund is leading the project, adding that the Infrastructural Fund would create opportunity for commercial partners to participate in the building of the nation’s infrastructures alongside the federal government.
This would be done through the establishment of bankable projects that involves such commercial partners,” he said.
He disclosed that the China-Exim Bank has agreed to finance the railway projects linking Lagos to Kano and Lagos to Calabar.
Short Link:
Since You Are Here, Support Good JournalismCrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy. Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation. Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor. CLICK HERE |
New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now
Text Advert by CRWatch :Place Yours
Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here
Expose Your Business And Make More Sales. Advertise On CrossRiverWatch.com Today
One commentOn China-Exim Bank To Fund Lagos, Kano, Calabar Railway Projects – Osinbajo
Linda. You almost sold me on the Runga. Am not that ealisy conned. But am a sucker for cartoons. Yeaaah, just go post me two more good comic cartoons and am like buying up any Runga gas I set my eyes on. Runga, Runga!Oh Linda before I drop the keys how much be my share for the advert na? Spread the joy, would ya?