President Muhammadu Buhari has landed in China to sign deal said to be worth about $2 billion.
Special Adviser to the President on Media and Publicity, Femi Adeshina spoke to Reuters last week saying: “I can’t tell you how much until the day the loan will be signed,”.
“Both countries will also be signing some bilateral agreements to strengthen their relationship, that is all I can say now.”
The President is visiting China from today Monday to Friday following an invitation by Chinese President, Xi Jin ping.
Chinese Foreign Ministry spokesperson Lu Kang, Buhari will also visit Shanghai, an economic hub in east China, and Guangzhou, capital of south China’s Guangdong Province to sign “cooperation agreements” and attend a business forum.
Nigeria has been hit hard by a slump in oil prices and has been in talks with China’s state export import bank for a loan for months.
Photography:Bayo Omoboriowo
