Continental Focus, International Reach

Chinese Commit to Finance Nigerian O&G Projects

Monday, August 14, 2017

Nigeria is going to receive some much-needed funding for oil and gas projects. According to MaikantiBaru, group MD for state-run NNPC, Chinese banks have committed to bringing in as much money as needed to finance projects.

A statement by NNPC spokesman NduUghamadu said Baru received the commitment from the Chinese banks at a recent meeting in London where for the first time, the Chinese contributed $250million towards a Nigerian gas project.

“If the Chinese tell you that they are going to do it, definitely they will do it and we will give them a run for their money,” Baru said in the statement.


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