Buhari & Chinese President XI Jinping
President Muhammadu Buhari will visit China on Monday to sign a loan on infrastructure projects deal said to be worth about $2 billion.
Special Adviser to the President on Media and Publicity, Femi Adeshina speaking to Reuters said: “I can’t tell you how much until the day the loan will be signed,” spokesman Femi Adesina said. “Both countries will also be signing some bilateral agreements to strengthen their relationship, that is all I can say now.”
According to TheWill, the President will be visiting China from Monday to Friday next week following an invitation by Chinese President, Xi Jinping.
According to 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.