OpEd: Nigeria’s Abusive Marriage With China And Slave Agreements, By FredrickNwabufo | Sahara Reporters But why do we always have to sign slave agreements? We signed a dubious and precarious deal with P&ID and ended up with a $9 billion debt READ MORE:
Nigeria’s congress with China is not one of two equal partners forging a mutually beneficial pact and intercoursing common purposes or goals. It is a 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.”Fredrick Nwabufo Is this not the primrose path to indentured slavery? Do we have the capacity to defray debts owed China? Why have we signed away our future? Have we not purposely walked into China’s debt snare?
In Africa, Zambia, which owes China $7.4 billion, was reported in 2018 to be on the verge of losing its electricity company, ZESCO, for defaulting on repayment. Also, Kenya, was reported as a potential casualty in the growing list of China’s economic imperialism as it could cede its most prestigious port of Mombasa to the eastern power like Sri Lanka, which lost the right to its Magampura Mahinda Rajapaksa Port after failing to repay Chinese loans, did.
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