• FG to get $4bn Chinese facility, says Kachikwu

    FG to get $4bn Chinese facility, says Kachikwu

    Minister of State for Petroleum Resources, Emmanuel Kachikwu has disclosed that as a result of the fallout from the July Road show in China, where Nigeria signed a $75.6 billion Memorandum of Understanding (MoU) in investment in the oil sector, the Federal Government is expecting close to $4 billion loan facility from the Asian country.

    He said the loan facilities for oil industry infrastructures is expected even as a 40-man Chinese investment team is expected to arrive the country at the […]