On 29 May, Liu Liange, President of China Eximbank and Kemi Adeosun, Finance Minister of Nigeria entered into loan agreements for the Greater Abuja Water Supply Project and Supply of Rolling Stocks and Depot Equipments for Abuja Light Rail Project in Beijing. 

The Greater Abuja Water Supply Project is a key part of water network planning in Abuja, the capital of Nigeria. Upon completion, the project will improve the coverage of water distribution networks in the main urban areas of Abuja, provide local residents with drinking water that meets the WHO’s standards, and effectively boost the hygiene and health conditions in the city. 

Moreover, Supply of Rolling Stocks and Depot Equipments for Abuja Light Rail Project can help expedite the operation of Abuja Light Rail Project（Phase I), which has also been financed by China Eximbank, thereby improving the local public transport condition. Meanwhile, Chinese products and services will be purchased for the project, which can effectively promote the “going global” endeavor of Chinese railway locomotives and other high-end equipment. 

So far, China Eximbank has financed such sectors as railway, power, and communication in Nigeria. It has facilitated economic development, help created more jobs in the country, and assisted Chinese enterprises in exploring the Nigerian market. Going forward, the Bank will continue to leverage its advantages in policy financing, support the social and economic development of Nigeria, and deepen cooperation between the two countries.