Transportation accounts for 65% of Nigeria’s loans from China

Key takeaways

  • Transportation received $6.2 billion dollars, which accounts for 65% of all Chinese loans to Nigeria
  • Energy projects received $1.2 billion, highlighting China’s role in Nigeria’s power infrastructure
  • Industry and trade/services had the least funding at $368.2 million dollars, reflecting lower Chinese loan priorities in these areas
  • China’s loans to Nigeria between 2000 and 2023 have largely focused on infrastructure development, particularly in transportation and energy

Between 2000 and 2023, Nigeria received significant loans from China, with transportation taking the lion’s share at $6.2 billion dollars—65% of total funding. Information & Communication Technology followed with $1.4 billion dollars, while energy projects attracted $1.2 billion dollars.

Water supply and industry/trade services received comparatively lower amounts at $381.1 million dollars and $368.2 million dollars, respectively. These figures highlight China’s strategic focus on Nigeria’s infrastructure, particularly in transportation and energy sectors.

Source:

Boston University Global Development Policy Center

Period:

2000-2023
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