China, Nigeria ink $1.1bn natural resources for infrastructure building deal

London, July 12 (ANI): China has signed a 1.1 billion dollars deal with Nigeria, agreeing to give the African nation low-interest loan to build much-needed infrastructure.

The deal was signed during Nigerian President Goodluck Jonathan's meeting with his Chinese counterpart in Beijing on Wednesday.

The money would help build roads, airport terminals in four cities, and a light-rail line for Nigerian capital, Abuja.

According to the BBC, China is investing heavily in Africa, as it relies on it for oil and other natural resources.

Xi Jinping said both countries had been brought together by a common task of pursuing national development.

Chinese companies are already building roads across Nigeria in contracts worth 1.7 billion dollars. (ANI)


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