Kaduna train project is one of the foremost projects executed with the loans from China, and there are doubts on how this project can generate enough to finance its repayment process, four years after the route was commissioned. In 2010, the Federal Government borrowed $500 million (about N190.5 billion) from the Chinese Government through the China Exim Bank to build the facility. A Chinese firm, the CCECC built the facility as part of the loan terms. The loan which is to be paid over a period of 20 years had…
Read MoreN190bn Debt: Abuja-Kaduna train service and burden of China loan
