Skip to content
AidData logo

Overview

Chinese Government pledges $2.5 billion for Lagos Metro Rail Transit Red Line Project

Commitments (Constant USD, 2023)$2,726,803,932
Commitment Year•2016Country of Activity•NigeriaDirect Recipient Country of Incorporation•NigeriaSector•Transport And StorageFlow Type•Vague TBD

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Apr 1, 2016

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Nigeria

Implementing agencies

State-owned companies

  • China Civil Engineering Construction Corporation (CCECC)

Loan desecription

Chinese Government pledges $2.5 billion for Lagos Metro Rail Transit Red Line Project

Narrative

Full Description

Project narrative

In April 2016, during the Nigerian President Muhamadu Buhari's visit to China, the Chinese government reportedly signed a $2.5 billion agreement with the government of Nigeria for the development of the Lagos Metro Rail Transit Red Line project (Chinese project name: 拉各斯轻轨红线). According to an interview with Femi Adesina, Special Adviser on Media & Publicity to President Muhammadu Buhari, the $2.5 billion USD has been "secured" from the Chinese government. However, MOFCOM reported that the project was only approved by the Nigerian government on February 2, 2017. It was reported that they will be drawing up a financing plan. CCECC reportedly signed the project contract only in 2020, for 188 million USD. Project coded as pledge for now. The construction of the Lagos Rail Public Transit Red Line Light Rail Project has started on April 15, 2021 by China Civil Engineering Corporation. This agreement was a result of President Muhammadu Buhari's trip to China, in which he signed deals which totaled to the value of $6 billion. This also included the construction of a solar power station in Shiriro (Record ID#52462), $55 million for the construction and equipping of granite mining plant (Record ID#52468), a deal to develop the Nigeria's Greenfield expressway (Abuja-Ibadan-Lagos) (Record ID#52470), a $1 billion Hi-tech industrial park (Record ID#52477), and an agreement for a high rise housing project (Record ID#52476).