China Eximbank pledges to finance agricultural mechanization efforts in Nigeria
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Agriculture, forestry, fishing (Code: 310)
Level of public liability
Central government debt
In September 2004, the Zhejiang Sifang Group Corporation signed an MOU with the Government of Nigeria to mobilize funds from China Eximbank for comprehensive mechanization of the farming methods used by peasant farmers. Nigeria’s Minister of Agriculture, Bamidele Dada signed the MOU on behalf of his ministry. Mrs. Modupe Adelaja signed on behalf of the Small and Medium Enterprises Development Agency of Nigeria. Mr. Lin Guangping signed on behalf of the Zhejiang Sifang Group Corporation. The status of the project is unknown.
Number of official sources
Number of total sources
Direct receiving agencies [Type]
Government of Nigeria [Government Agency]
Implementing agencies [Type]
Zhejiang Sifang Group Corporation [State-owned Company]
Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) [Government Agency]