Nigeria looks to Europe for funding as Chinese lenders move away from costly projects in Africa

Source: China – South China Morning PostNigeria is looking to Europe for funding to complete infrastructure projects such as railways, with a senior official in the West African nation saying Chinese loans are drying up.Analysts say Nigeria’s situation reflects a broader Chinese move away from funding these expensive projects in Africa, where China has provided hundreds of billions of dollars in loans to develop infrastructure as part of its Belt and Road Initiative.Last weekend, Transport Minister Rotimi Amaechi told Nigerian…Read More

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