Nigeria’s borrowing from China triples to $4bn under Buhari
Nigeria’s debt to China has grown by 209 percent in the last eight years amid rising poverty across states, according to an analysis of data by BusinessDay.
Poverty has risen in the…
Browsing Tag
Chinese loans
Nigeria’s infrastructure funding to slow as China cuts lending
Nigeria’s plan to take more loans from China to fund critical infrastructure might come to a halt on the back of the country's intent to cut lending to African countries as a result of the…
Is Chinese loan better than Maina’s $10b gift?
AT a time the National Assembly has reportedly approved another $5billion foreign loan for President Muhammadu Buhari, one remembers Mallam Abdulrasheed Maina, the former Chairman of the…
Aviation union asks FG to pay back $500m Chinese loan
The Association of Nigeria Aviation Professionals (ANAP) has said that the Federal Government should be responsible for the repayment of the $500 million Chinese loan obtained from the Exim…
Fiduciary duty of care over Chinese loans
The International Monetary Fund (IMF) and other western agencies have raised issues with regards to China’s open-cheque approach to Africa. I am an admirer of China and do not buy much of…