Fredrick Nwabufo: Nigeria’s abusive marriage with China and slave agreements
relationship with one-sided cruel dominatrix. Though the interrelation may be commensal on the surface, considering the loans we have been able to secure for some projects from China, it is to a great extent amensal.
He also said: “We are not in any way attempting to keep Chinese ‘dollars’ from Africa,” he said, “ it is important that African countries carefully consider the terms of those agreements and not forfeit their sovereignty.
A report by Nairametrics shows Nigeria has obtained 17 Chinese loans to fund different capital projects, totalling $6.6 billion, and the country will still be servicing the loans until 2038, which is the maturity date for the last loans secured in 2018.
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