Nigeria’s Ajaokuta-Kaduna-Kano gas pipeline received about US$2.5 billion in funding last year from the Exim Bank of China. Photo: Handout
Nigeria’s Ajaokuta-Kaduna-Kano gas pipeline received about US$2.5 billion in funding last year from the Exim Bank of China. Photo: Handout
China-Africa relations
China /  Diplomacy

Bulk of China’s tightened belt and road energy finance goes to Africa

  • Despite dropping to their lowest level since 2008, Chinese loans to the sector topped US$4.6 billion in 2020
  • Projects in African countries accounted for two-thirds, with the biggest share going to Nigeria’s gas pipeline project

Jevans Nyabiage
Jevans Nyabiage

Updated: 5:00pm, 27 Feb, 2021

Why you can trust SCMP
Nigeria’s Ajaokuta-Kaduna-Kano gas pipeline received about US$2.5 billion in funding last year from the Exim Bank of China. Photo: Handout
Nigeria’s Ajaokuta-Kaduna-Kano gas pipeline received about US$2.5 billion in funding last year from the Exim Bank of China. Photo: Handout
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