Nigeria: Senate Announces New Financier of Kaduna-Kano Rail Modernisation

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Nigeria: Senate Announces New Financier of Kaduna-Kano Rail Modernisation
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Chinese Bank Approved to Finance Kaduna-Kano Rail Project PremiumTimesng: Nigeria

The former financier, theTo this effect, the Senate harmonised the terms of the 2016-2018 federal government's external borrowing plan for the project.Presenting the motion, Mr Umar said the National Assembly approved a 22.8 billion-dollar loan for the modernisation of the Kaduna-Kano railway project in 2020.

The lawmaker also recalled the communication from the Federal Ministry of Finance requesting the approval of modifications to the financing proposal for the Nigerian Railway Modernisation Project .

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