Exim Bank of China
The total cost of the project is budgeted at US$5.8 billion. The Exim Bank of China has agreed to lend 85 percent (US$4.93 billion) towards the construction. The funds will be paid directly to the construction consortium in tranches, as the work progresses. The Federal Government of Nigeria has committed to contribute 15 percent (US$870 million) of the construction costs.