China offers Nigeria $4.5 billion loan for agricultural machinery, infrastructure

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China has offered Nigeria a $4.5 billion loan for agricultural machinery and infrastructure, Zamfara state governer Abdulaziz Yari said on Tuesday. He said the loan had a 20-year repayment period at an interest rate of 1 percent. “China is giving us a credit line of $4.5 billion for the procur…

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SOURCE: African Spotlight