FEC APPROVES ANOTHER $1B CHINESE LOAN

0
193

The Federal Executive Council has approved another $1 billion Chinese loan.

It will be sourced from the China – Exim Bank for the Gurara II Hydropower project .

The power project is planned to generate 360 megawatts of electricity.

The Minister of Water Resources , Mr Sulieman Adamu, has just confirmed the approval of the loan by FEC.

President Muhammadu Buhari presided over the FEC meeting at the Presidential Villa , Abuja.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.