Kano-Niger Republic rail line, others to be funded with $4.9bn fresh loans by FG
A standard gauge rail being planned from Kano State in Nigeria to Maradi in Niger Republic is one of the projects the President, Muhammadu Buhari, plans to fund with the fresh external loans he is asking the National Assembly to approve for his regime. Buhari had asked the National Assembly to approve fresh external loans of $4.054bn and €710m ($839m) for his regime. He also sought the legislature’s approval for grant components of $125m in the 2018-2020 external rolling borrowing plan. These were contained in a letter addressed to both chambers of the National Assembly and read on the floor…