Abuja- as the price of the Oil fell below expectations, the Chinese government may embark on seizure of Nigerian assets for unpaid loan.
Chinese credit account of 80% of all bilateral lending Nigeria data from the West African Dept management office show.
According to chart, Nigeria owes more money to China more than any other country.
Many economist has experience fear that Nigeria will lose it assets due to unpaid loans.
Recall, China seize some of Zambia’s assets like ZESCO, a power utility company, and will seize likely kaunda International Airport, Kenya is also unpaid debt, China may take control momma’s”,
Recall, China seize some of Zambia’s assets like ZESCO a power utility company, and will seize likely likely kaunda International Airport. Kenya is also st risk of unpaid debt, China may take control mommas”.
Nigeria is now 90% at risk of losing its assets because the country owe more money to China ,
“Prof. Isaac Francis said.