4 5b chinese loan buhari approves for 36 states fct #

It appears you're referring to a news article or report about the Nigerian government approving a loan from China for 36 states, including the Federal Capital Territory (FCT).

To provide more context and clarity, the loan is reportedly worth $4.5 billion (approximately N1.8 trillion) and is intended to support the development of infrastructure in the states and the FCT.

The loan is part of the Chinese government's Belt and Road Initiative (BRI), which aims to promote economic cooperation and development between China and other countries through infrastructure development, trade, and investment.

The loan is expected to be used for various projects, including the construction of roads, bridges, and other infrastructure, as well as the development of renewable energy sources and other economic initiatives.

It's worth noting that the loan is subject to certain conditions and requirements, including the need for the Nigerian government to provide guarantees and ensure that the projects are implemented in accordance with international best practices.

Overall, the loan is seen as a significant development in Nigeria's efforts to improve its infrastructure and promote economic growth, and it is expected to have a positive impact on the country's economy and development.