China and Nigeria Agree on $1.1 Billion Deal

For infrastructure

China has agreed to give Nigeria a $1.1bn (£700m) low-interest loan to build much-needed infrastructure.

The deal was struck during Nigerian President Goodluck Jonathan's meeting with Chinese President Xi Jinping in Beijing on Wednesday.

The money would help build roads, airport terminals in four cities, and a light-rail line for Nigeria's capital.

China is investing heavily in Africa at it relies on it for oil and other natural resources.