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BREAKING: FEC approves another $1bn Chinese loan

It will be sourced from the China-Exim Bank for the Gurara II Hydropower project.

The power project is planned to generate 360 megawatts of electricity.

READ ALSO: LAGOS AND THE REVITALISATON OF THE AYINKE HOUSE

The Minister of Water Resources, Mr Sulieman Adamu, has just confirmed the approval of the loan by FEC.

President Muhammadu Buhari presided over the FEC meeting at the Presidential Villa, Abuja.

fec

Source: Punchng

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