The Nigerian government has secured a $255 million loan from the China Development Bank (CDB) to fund the Kaduna-Kano railway project. This major transportation initiative aims to enhance connectivity and promote economic growth in the region.
The loan, announced by CDB on Tuesday, is the first installment for the project and will provide essential financial support to ensure its smooth construction. The Kaduna-Kano railway was also listed as a significant achievement under the Belt and Road Initiative during the 2023 forum for international cooperation.
The 203-kilometer railway will directly connect Kaduna and Kano, making travel faster and more convenient. So far, the project has made steady progress, with CDB confirming its commitment to working closely with Nigerian partners to manage funds effectively and ensure timely loan disbursement.
Once completed, the railway will not only improve transportation but also boost trade and economic activities in the region, creating opportunities for businesses and individuals alike.
This partnership highlights Nigeria’s growing collaboration with China to develop infrastructure under the Belt and Road Initiative.
- Faster travel between Kaduna and Kano.
- Improved trade and economic opportunities.
- Strengthened Nigeria-China partnership for infrastructure development.
The Kaduna-Kano railway project reflects Nigeria’s dedication to improving its transportation network and fostering economic growth through strategic international partnerships.
