Tags : Chinese Loan

EU Launches Investment Deals In Africa To Rival China’s Dominance

The European Commission President Ursula von der Leyen has announced the launch of a new investment package worth €150 billion ($169.67bn) for Africa, in a bid to create an alternative to Chinese loans and investments that the continent has relied on for some time now. Leyen at the news conference in Dakar with Senegalese President […]Read More

Chinese Loan Hits $3.59bn On 15 Projects

According to an analysis of the external debt stock data from the Debt Management Office, Nigeria’s debt to China increased from $3.26bn as of September 30, 2020, to $3.59bn as of September 30, 2021. This shows an increase of $330m in one year. Although the Federal Government has been mostly secretive about the terms of […]Read More

Nigeria Borrowed $2.02bn Loan From China In 6 Years

Under the Buhari’s administration, Nigeria has secured $2.02bn as loans from China in six years. This is according to data obtained from the Debt Management Office, which showed that Nigeria’s total debt from China as of June 30, 2015 stood at $1.38 billion.  Meanwhile, as of March 31, the country’s debt portfolio from China had […]Read More

Nigeria- China Debt Now Stands At $3.40 Billion

The  Debt Management Office (DOC) has revealed the Buhari-led government has incurred a loan that totals $2.20 billion from the Chinese government since its inception in 2015. According to the statistics obtained from the DMO, Nigeria’s total debt from China as of June 30, 2015, stood at $1.38bn. However, the country’s debt portfolio from China […]Read More