Politics President Buhari Didn’t Sign Any Loan Deal with China - Adesina

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The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina on Saturday said President Muhammadu Buhari did not sign any loan deal with the Peoples Republic of China during his just-concluded one-week working visit to the country.

Adesina gave the clarification in an interview with PUNCH Newspaper.

Ahead of Buhari’s trip which started last Sunday, there were media reports that he 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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But Adesina said there was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria.

At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.
 
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