The Nigerian government has been trying to diversify funding for its ambitious railway development programme. Photo: Xinhua
The Nigerian government has been trying to diversify funding for its ambitious railway development programme. Photo: Xinhua

Nigeria looks to Europe for funding as Chinese lenders move away from costly projects in Africa

  • Transport minister says the West African nation is ‘stuck with lots of our projects because we cannot get money’ from China
  • It reflects a wider trend amid ‘real concerns about debt sustainability and the availability of Chinese financial resources’, according to analyst

The Nigerian government has been trying to diversify funding for its ambitious railway development programme. Photo: Xinhua
The Nigerian government has been trying to diversify funding for its ambitious railway development programme. Photo: Xinhua
READ FULL ARTICLE