By Emmanuel Kwada
The China Development Bank (CDB) has just approved a whopping €245 million ($254.76 million) loan to support the Kano-Kaduna railway project in Nigeria.
This significant funding is expected to ensure the smooth progress of the 203-kilometer standard-gauge railway, which will connect Kano to Abuja, enhancing regional connectivity, providing safer transportation, stimulating economic growth, and creating job opportunities during construction and operations.
The project, initially planned to be financed by the China Exim Bank, will now rely on the CDB, which has affirmed its commitment to effective fund disbursement and collaboration with Nigerian partners.
President Bola Tinubu has pledged to complete the project on time, and the Nigerian government has allocated ₦44.4 billion in 2025 for various railway projects, including this one
The Kano-Kaduna railway project is a vital part of China’s Belt and Road Initiative and is being executed by the China Civil Engineering Construction Corporation. President Bola Tinubu has pledged to complete the project on time, and the Nigerian government has allocated ₦44.4 billion in 2025 for various railway projects, including this one. The visit of China’s Foreign Minister Wang Yi to Nigeria this week is also expected to strengthen bilateral relations between the two countries.
This loan approval is a massive boost to the Nigerian railway project, and it’s expected to have a significant impact on the country’s economy and infrastructure. With the CDB’s commitment to effective fund disbursement and collaboration with Nigerian partners, the project is likely to be completed on time, bringing numerous benefits to the people of Nigeria.
