The Federal Executive Council has approved another $1billion Chinese loan.
![](https://thenigerialawyer.com/wp-content/uploads/2024/04/Idrinstitute.jpg")
![](https://thenigerialawyer.com/wp-content/uploads/2024/03/2024.lidw_.jpg")
It will be sourced from the China-Exim Bank for the Gurara II Hydropower project.
The power project is planned to generate 360 megawatts of electricity.
The Minister of Water Resources, Mr Sulieman Adamu, has just confirmed the approval of the loan by FEC.
President Muhammadu Buhari presided over the FEC meeting at the Presidential Villa, Abuja.
"Exciting news! TheNigeriaLawyer is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest legal insights!" Click here! ....................................................................................................................... Unauthorized use and/or duplication of this material and other digital content on this website, in whole or in part, without express and written permission from TheNigeriaLawyer, is strictly prohibited _________________________________________________________________
NIALS' Compendia Series: Your One-Stop Solution For Navigating Nigerian Laws (2004-2023)
Email: info@nials.edu.ng, tugomak@yahoo.co.uk, Contact: For Inquiry and information, kindly contact, NIALS Director of Marketing: +2348074128732, +2348100363602.
