FEC Approves Another $1bn Chinese Loan
The Federal Executive Council has approved another $1billion Chinese loan.
BuhariIt 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.
Credit:Punch
No comments
After Dropping your comment, Wait for few minutes, your comments will appear below!!!