President Buhari Didn’t Sign Any Loan Deal With China – Presidency

Yesterday, 16th April, the Special Adviser to the President on Media and Publicity, Femi Adesina, said Pres. Buhari did not sign any loan deal with China during his visit to the country. Ahead of the trip there were reports that he would sign a $2bn loan deal, but Adesina said there was no iota of truth in the report.

His words: 

“There was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria." At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.

The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said the President believed that the investment agreements would have a huge and positive impact on key sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.