Chinese bank to lend Nigeria $328 million for fixing telecom infrastructure
A petrol station attendant counts Nigerian’s currency, the naira, depicting Nigeria’s first president, in Abuja, Nigeria.Photographer: Suzanne Plunkett/Bloomberg News
JOHANNESBURG – China’s Exim bank will lend Nigeria $328 million towards improving the West African country’s telecoms infrastructure, Reuters reported.
Poor telecoms are a major challenge for businesses operating in Nigeria, which is Africa’s largest oil producer, most populous country and has one of the continent’s largest economies.
– African News Agency (ANA)
Source: iol.co.za
