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NIGERIA TO USE CHINESE MONEY TO REVAMP INFRASTRUCTURE

The Federal Government has announced that it will use $1.1 Billion borrowed from the Chinese Export Import Bank to finance the construction of 11 international airport terminals across the country; build a light rail line for its capital city, Abuja, and improve local communication systems. The minister of aviation, Stella Oduah, announced that the $550 million being earmarked for airports will be used to construct six commercial and five cargo terminals over the next two years. Abuja, Enugu, Kano and Port Harcourt and Lagos are set to benefit from the loan. 

The light rail project, expected to cost $500 million, will transport commuters from Abuja's suburbs and neighbouring Nasarawa state to the city's international airport, while another $100 million will be used to improve Nigeria's internet capability. 

Can you read in between the lines? The Chinese are penetrating Africa real good.

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