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Presidency Clears Air On Alleged Loan Deal With China

Apr 17, 2016

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The Presidency has denied signing any loan deal with the People Republic of China during his one-week working visit to the country.

According to the Special Adviser to President on Media and Publicity, Femi Adesina on Saturday, in an interview with popular Nigeria’s daily, there was no iota of truth in the report.

“There was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria,” he said.

It will be recalled that there were media reports that President Muhammadu Buhari would sign a $2bn loan deal with China during the visit as the Federal Government sought funds to finance the over N2tn budget deficit.

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