China Powers Nigeria’s Infrastructure Growth With Major Loan For Kano-Kaduna Railway

China Powers Nigeria’s Infrastructure Growth With Major Loan For Kano-Kaduna RailwayOn January 8, 2025, the China Development Bank (CDB) announced the approval of a loan amounting to $254.76 million (€245 million) for the ongoing Kano-Kaduna railway project in Nigeria.This financial boost is intended to ensure the seamless continuation of construction efforts on the project. The bank’s website confirmed the loan’s approval, emphasizing its importance in supporting the project’s progress.....KINDLY READ THE FULL STORY HERE▶

The Federal Government is addressing challenges threatening the sustainability of Nigeria’s telecom sector, aiming to ensure reliable connectivity for all citizens.

Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, made the announcement following the receipt of an interim sustainability report from KPMG. This report is expected to offer recommendations on the contentious issue of tariff review, which telecom operators argue is necessary for the sector’s long-term viability.

In his remarks, Dr. Tijani emphasized the government’s commitment to balancing sector sustainability with ensuring accessible connectivity for Nigerians. He highlighted that the KPMG study would help the government identify key areas for action to support the industry’s competitiveness and digital infrastructure development.

Telecom operators, facing rising costs from inflation, currency devaluation, and energy price hikes, have been pushing for a tariff increase to ensure the sector’s sustainability. However, the government is also exploring medium-to-long-term solutions to address the broader issues impacting the sector’s growth and stability.