China Eximbank and China CITIC Bank pledge $30.6 million loan to help Kaduna State transition from analogue to digital broadcasting
Constant 2017 USD
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Funding agency [Type]
Export-Import Bank of China [State-owned Policy Bank]
Communications (Code: 220)
On May 2, 2011, the Kaduna State Ministry of Information and China Beijing Great Dragon information Technology Co. Ltd signed a $32.6 million commercial contract for a project to help Kaduna State transition from analogue to digital broadcasting, Then, in 2012, China Eximbank and China CITIC Bank agreed in principle to provide a $30.6 million loan to Kaduna State Media Corporation (KSMC) to help Kaduna State transition from analogue to digital broadcasting. This loan would be repaid over a period of 8 years, beginning with a two and a half years’ grace period. Two substations in Kafanchan and Zaria and three booster stations in Birnin-Gwari, Sanga, and Lere local government areas would be constructed with the proceeds from the loan. It does not appear that this loan pledge ever resulted in an official commitment.
Number of official sources
Number of unofficial sources
Cofinancing agencies [Type]
China CITIC Bank [State-owned Commercial Bank]
Receiving agencies [Type]
Government of Nigeria [Government Agency]