The Nigerian press has been awash with concern about the terms of some loans contracted with or about to be contracted with China. The Minister of Transport, Rotimi Amaechi, even called on legislators to “look the other way” rather than conduct their due diligence on the loans, or else China will withdraw its support. In this report, we try to tease out all the different strands of the debate. What is the status of China loans to Nigeria? Data obtained from the Debt Management Office (DMO)showed that between 2010 and March…
ANALYSIS: What to know about China loans and their implications for Nigeria
