Tuesday, June 17, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News Africa News

Nigeria’s Government Gets $328 Loan from China for ICT Projects

Tech Gist Africa by Tech Gist Africa
09/04/2018
in Africa News
0 0
0
Nigeria’s Government Gets $328 Loan from China for ICT Projects

Photo Credit: TheDiaryMagazine.com

0
SHARES
Share on FacebookShare on Twitter

President Muhammadu Buhari of Nigeria has announced that China’s Exim bank will loan Nigeria $328 million for the National Information and Communication Technology Infrastructure Backbone Phase 11 (NICTIB 11) project

The deal is the latest in a number of Chinese loans to Nigeria since Buhari took office in 2015, comes as Beijing seeks to deepen its ties in Africa.

According to the Presidency in a communique, the loan is aimed at developing Information and Communications Technology in Nigeria and would be executed by Galaxy Backbone Limited of Nigeria and Huawei Technologies Limited (HUAWEI) of China at the cost of the $328m facility that would be provided by the Chinese EXIM Bank.

The statement further stressed that the agreement was part of “the current administration’s commitment to incorporating the development of Information and Communications Technology into National Strategic Planning”.

The Nigerian government has said it wants to improve the country’s technology infrastructure to boost growth and create jobs as it seeks to reduce reliance on oil sales, which make up around two thirds of government revenues.


More Tech Stories:

  • Season 5 Africa Tech Challenge Winners Secure $10m Export Contract to China
  • Nigeria’s Omobola Johnson Joins Web Foundation Board
  • Egypt Finally Approves Social Media Regulation Law
  • New Coin Offering (ICO), CoinPesa, Launched in Uganda
  • A.I is here, Hide Your Jobs!
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Gloria Tumushabe Uganda Computer sceience student
Africa News

Ugandan college student takes her computer science education back to her home country

by Tech Gist Africa
05/12/2021
0

Gloria Tumushabe's engineering and computer science studies at the University of California, Berkeley were funded entirely by a full scholarship,...

Read more
Africa Development bank Ecowas Tech Gist Africa

The African Development Bank has allocated $320,000 in grant funding to mainstream gender in the digital financial operations of the Economic Community of West African States

03/03/2021
LabEight* Tech News Africa

Application for LabEight* Africa Spring 2021 Programme is Now Open!

02/04/2021
Green UNCDF Innovation challenge Ghana

UNCDF Boosting financial inclusion and job creation across Ghana with an innovation challenge

02/04/2021
Space satellite Tech News Africa

Together with NIGCOMSAT and Thales Alenia Space, ASECNA is working to accelerate the development of SBAS for aviation in Africa.

02/04/2021
Next Post
Facebook and Diamond Bank to Train 20,000 Nigeria’s Digital SMEs

Facebook and Diamond Bank to Train 20,000 Nigeria’s Digital SMEs

Nigerian Based Start-up, Tech4Her Africa to Represent Africa At Silicon Valley’s Demo

Nigerian Based Start-up, Tech4Her Africa to Represent Africa At Silicon Valley’s Demo

Kenyan Based Logistics Platform, Bwala Africa Closes Ksh24 Million Debt Financing, Launches Bwalapay

Kenyan Based Logistics Platform, Bwala Africa Closes Ksh24 Million Debt Financing, Launches Bwalapay

No Result
View All Result

The Big 5

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

Mastercard Foundation EdTech Fellowship

12 Kenyan Startups selected for the 3rd Mastercard Foundation EdTech Fellowship

by Tech Gist Africa
06/15/2025
0

...

Funding Africa startup

EIB Global, Family Bank Launch $111 Million Financing to Empower Women & Youth Entrepreneurs

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.