FEC approves $1b Chinese loan for Gurara hydropower project - The Nation Newspaper

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FEC approves $1b Chinese loan for Gurara hydropower project

It was one of the 18 memos considered at yesterday’s FEC presided over by President Muhammadu Buhari.

The Council also approved N5.7 billion revised total estimated cost for the completion of Nkari Dam in Akwa Ibom. “The second memo was for the procurement of 200,2017 meters by Yola Electricity Distribution Company Under the Meter Asset Providers Scheme. As you might know, Yola Electricity Distribution Company is the DISCO that was surrendered to by the original holder.

“So, that money is in a bank, it has been there, so that is where these meters would be funded from and as consumers pay back the meters as they are supplied, the money goes back into that account.” “We also informed council of the problem we have with Nigeria grains especially maize, sesiny and groundnut. An infestation called aflatoxin which the Minister of Health confirmed is a very big threat to the liver and the kidney of most consumers.

 

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This borrowing is confusing oo.

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FEC approves $1bn Chinese loan for Gurara hydropower project - The Nation NewspaperThe Federal Executive Council (FEC) on Wednesday approved $1 billion Chinese loan from Chinese EXIM Bank for the Gurara II Hydropower project. Soon China will take over Nigeria just like she did other African countries that are owing her. Una well-done work.😂🤣😅😁 TCN managing director stated the lost power in previous day's is due to the lack of use of generated power by the distribution companies, they reject it. What is being done about that. Manbilla unko
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FEC approves $1bn EXIM Bank loan for Gurara Hydropower - Vanguard NewsTHE Federal Executive Council, FEC on Wednesday approved $1 billion loan from Chinese EXIM Bank for the Gurara II Hydropower project. vanguardngr WAOW
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BREAKING: FEC approves another $1bn Chinese loanwhere is all this money been put into? Bad road, no light, health sector bad, life not safe. Hmmm We're gradually selling this country by bits to China. I don't understand what they're doing with all this money they are borrowing.
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FG Okays $1bn Chinese Loan For Gurara Power ProjectIn a bid to improve power supply, the federal government yesterday approved $1 billion Chinese loan from Chinese EXIM Bank for the Gurara II Hydropower project which has the capacity to generate 360 megawatts electricity. Minister of Water Resources, Suleiman Adamu disclosed this to State House correspondents after the federal executive meeting (FEC) presided over […]
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