The Federal Government of Nigeria has secured a $255 million loan from the China Development Bank (CDB) for the Kano-Kaduna railway project.
This loan is part of the Belt and Road Initiative and aims to enhance Nigeria’s transport network. The railway, spanning 203 kilometers, will provide a direct rail connection between Kano and Kaduna, significantly improving regional transportation and trade.
The project has been making steady progress, and the CDB will closely coordinate with Nigerian partners to ensure smooth disbursement of subsequent loans and effective post-loan management.
This development is expected to unlock new economic opportunities in the northern region and bolster regional trade.
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