Project ID: 52255

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

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-04-01

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

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Nigeria [Government Agency]

Loan Details

Bilateral loan