Nigeria’s new Chinese-financed Standard Gauge Railways are already generating enough revenue to repay the loans needed to build them, said Transportation Minister Rotimi Amaechi.
Passenger usage of the Lagos to Ibadan line has been quite strong since the railway launched in June, which now makes it possible for the railway to repay the China Exim Bank the $1.5 billion it borrowed.
- Get a daily email packed with the latest China-Africa news and analysis.
- Read exclusive insights on the key trends shaping China-Africa relations.
- Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.