Sunday, 17 April 2016

Buhari Didnt Sign Any $2B Loan Deal In China - Presidency

The Presidency has denied news going round that President Muhammadu Buhari signed a loan deal worth $2 billion during his recent trip to China. The presidential spokes man Senior Special assistant to the president on media and publicity Mr Femi Adesina made this known to the press as the President arrived Nigeria on saturday 16th April 2016 after a week long trip to China.

Although the President's trip has earned Nigeria an estimated $6b in investment and aides to Nigeria from the Chinese government. According to Mr Adesina, "there was no loan deal durinf the President's visit to China. All that is coming are investments into Nigeria . And at the conclusion of the visit on Friday, the presidency had said the President's trip yielded over $6B additional investment for Nigeria.
Also discussing the benefits of the president's visit, The senior special Assistant to the Presdient on media and publicity, Garba Shehu, said the president believed that the investment agreements would have a huge and positive impact on key sectors of the Nigerian econony, including power, solid minerals, agriculture, housing and rail transportation. It is expected that soon Nigerians would soon enjoying the benefits of the president trip.
President Muhammadu Buhari arrived Abuja last night from China after the week long visit to china for investment and aides from China in a bid to resuscitate the economy which according to world bank and economists is not working at the moment.

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