Overview

China Eximbank pledges $200 million preferential buyer’s credit for E-Government Project (Linked to Record ID#73339 and Record ID#61422)

Commitments (Constant USD, 2023)$375,303,219

Commitment Year•2006Country of Activity•NigeriaDirect Recipient Country of Incorporation•NigeriaSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2006

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Nigeria

Loan desecription

China Eximbank pledges $200 million preferential buyer’s credit for E-Government Project (Linked to Record ID#73339 and Record ID#61422)

Interest type•Unknown

Narrative

Full Description

Project narrative

According to the Annual Report and Statement of Accounts published in 2006 by the Government of Nigeria’s Debt Management Office (DMO), China Eximbank agreed in principle to provide a $200 million preferential buyer’s credit to the Government of Nigeria for an E-Government Project in 2006. However, it does not appear that this pledge ever resulted in an official commitment. This was part of a larger $500 million pledge, which included a $300 million telephony project (see Record ID#73339 and Record ID#61422).