China Development Bank has released a $254.76 million loan to Nigeria for a railway project linking the two northern states of Kano and Kaduna, the bank said, ahead of a visit to the West African country by China's top diplomat this week.

The China Development Bank has announced a $254.76 million loan to Nigeria for the construction of a railway project. China’s involvement in Nigeria’s railway modernization program is part of its broader Belt and Road Initiative.

China Development Bank has granted Nigeria a loan of $254.76 million for a railway project linking Kano and Kaduna. This funding aims to advance the $973 million project, facilitating safe and efficient travel.

China Development Bank has approved a $254.76 million loan to Nigeria to support the completion of the Kano-Kaduna railway project.

China Development Bank has released a $254.76 million loan to Nigeria for a railway project linking the two northern states of Kano and Kaduna, the bank said, ahead of a visit to the West African country by China's top diplomat this week.

The China Development Bank (CDB) has approved the first tranche of a $255 million loan for the Kaduna-Kano railway project. The announcement was made on Tuesday, January 7, as part of China's commitment to enhancing Nigeria's transport network under the Belt and Road Initiative.