Chinese Government pledges $15 million loan for 50 pilot/demonstration farms
Pledged amount
$ 17712067.625377007
Adjusted pledged amount
$ 17712067.625377007
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Nigeria
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
From April 11 to 15, 2016, Nigerian President Buhari visited China. During his visit, the Chinese Government offered the Government of Nigeria a $15 million bilateral loan for the establishment of fifty, 50 pilot/demonstration farms nationwide. Each of these demonstration farms will cost N59.1 million. The ultimate goal of this pipeline project is to boost to food security in Nigeria.
Number of official sources
1
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Nigeria [Government Agency]