In brief
China closed a $30‑million grant agreement with Nigeria on 30 October 2026 to fund small‑scale development projects. The deal builds on an earlier ¥200‑million grant and is part of a broader partnership to share China’s poverty‑alleviation experience. Nigerian officials welcomed the aid, noting the program has already recorded 8,809 grassroots interventions.
China has signed a $30‑million grant agreement with Nigeria to support small‑scale development projects across the country, a move that was welcomed by Nigerian officials on Thursday, 30 October 2026. The signing took place at the Nigerian Ministry of Budget and Economic Planning in Abuja and follows an earlier ¥200‑million (about $29.79‑million) grant that China granted to support Nigeria’s economic and social development.
Chinese Ambassador to Nigeria Yu Dunhai said the new grant would support “small but beautiful” projects that require limited investment, deliver quick results and improve people’s livelihoods, and expressed confidence that the Nigerian government would make effective use of the funds to achieve the intended development outcomes.
"The grant will support small but beautiful projects requiring limited investment, delivering quick results and improving people’s livelihoods.", Yu said.
Nigeria’s minister of budget and economic planning Abubakar Bagudu noted the signing as “evidence of strong bilateral relations and shared development objectives” between the two countries and highlighted the Nigerian government’s efforts to tackle poverty at the grassroots, pointing out that more than 8,809 interventions had been recorded under the lowest level of its economic support program.
The Guardian also reported the agreement, stating that China and Nigeria had signed a RMB 200‑million (about $30 million) grant assistance agreement to finance local development projects designed to directly benefit Nigerians. The Guardian source confirmed that the deal was intended to finance small-scale projects across the country.
