cucumbae:
Other African countries uses their debt judiciously but nigerian government uses it debt to fund buhari's campaign.

Olawalesmarter:
Many Nigerians are just Dullard, We owe China just 4.5 billion dollars and they all became Wailers and cry babies. One man in Nigeria will pay that debt, Nigeria have no problem with China as long as we make sure we don't have too much Debt with them.

obailala:
*yawns*
If you have access to the internet to type "lies", but can't use that same internet access to independently verify or educate yourself, then it's a pity. Feel free to remain in ignorance.

DeRay98:


It's all due to their intellectual laziness, they have no idea even the U.S. owe China debts that quadruples Nigeria's debt to China, that borrowing by countries is not same as personal borrowing...all they rush to do is vent their ignorance in hate

Esseite:
Nigeria owes China $4.8bn, meanwhile total investment inflow into Nigeria in 2018 excluding Treasury bills and bonds sales which is debt is $4.7bn.

Moreover this is excluding the $10.5bn borrowed via treasury bill/bonds sales, which would be paid with interest at 10% interest rate on maturity.

Are you moving forward or backward?...

enemyofprogress:
Thank God Nigeria is not one of them

Olawalesmarter:


Nairaland is full of Ignorant fools and illiterates, it is very hard to see a sensible comment on Nairaland, reading comments on Nairaland Usually irritate me and the funniest thing is that they all think they are making sense and they know better when in Reality they are just showing their stupidity, ignorance, Hatred and illiteracy. USA owe China Trillion of Dollars, the total Amount of Money the top ten countries owe China is not even up to 100 Billions and they started Wailing and Calling their Country and Continent all sort of names, if you are insulting your country and you are crying because your country owe China 4.5 billion dollars that a single person can pay off in Nigeria, then what should USA Citizens call their country for owing China Trillions of Dollars? . 70% of Nigerians are just ignorant and Educated illiterates

MrRichmond:
The white have colonized us, now it's time for the Asians.

The same way our ancestors were sold out by their Kings is the same way our politicians are selling us to the Chinese.

In a few years time, half of Africa will be speaking Chinese.

shogz89:
africa is owing just one country almost 90billion..

and they say two heads are better than one

justbusy:
oh yes! One of those who queue up to collect cups of rice, salt, pepper and #500 from the APC govt! You're doomed for the next 4 years!

obailala:

@justbusy, I guess your own wise idea of being honourable and patriotic is seeing something which is black but lying to yourself like a child that it is white. I'm sorry, this isn't about elections or politics, it's just about exercising common sense.

The loans Nigeria has gotten from China are strictly for the infrastructural projects, some of which I already listed earlier (i.e. abj-kaduna rail, Lag-Ibadan rail, airport remodelling and Mambilla hydro dam). China doesnt give cash loans, they give the loans only as infrastructuaral projects and these project based loans were taken by both the last PDP and the current APC govt. Saying that this is a lie doesnt make you smart (as you probably think), especially when the info I gave is common verifiable knowledge available to all and sundry.

Furthermore, speaking this fact does not mean I am supporting any body politically; it's just common sense. Receive common sense!

Nanatrendy:
I hope you know there's a huge difference between USA and Africa. With the relationship between US and China Americans call the shots, they have invested heavily in the Chinese economy and can easily squeeze them if they try something funny but when it comes to Africa and China, China call the shots we have very little power and are vulnerable that's the danger.

Fran6ik:
You can see the ethiopias debt in the infrastructures

MrRichmond:
The white have colonized us, now it's time for the Asians.

The same way our ancestors were sold out by their Kings is the same way our politicians are selling us to the Chinese.

In a few years time, half of Africa will be speaking Chinese.

BluntBoy:


The US has the largest debts in the world. Followed by the UK.

MrRichmond:
The white have colonized us, now it's time for the Asians.

The same way our ancestors were sold out by their Kings is the same way our politicians are selling us to the Chinese.

In a few years time, half of Africa will be speaking Chinese.

nograv:


They have productive industries outside of oil that will help them pay down their debt...

Google, Amazon, Tesla and Facebook just to name a few

Tell me oga what does Nigeria have

Olawalesmarter:


Nairaland is full of Ignorant fools and illiterates, it is very hard to see a sensible comment on Nairaland, reading comments on Nairaland Usually irritate me and the funniest thing is that they all think they are making sense and they know better when in Reality they are just showing their stupidity, ignorance, Hatred and illiteracy. USA owe China Trillion of Dollars, the total Amount of Money the top ten countries owe China is not even up to 100 Billions and they started Wailing and Calling their Country and Continent all sort of names, if you are insulting your country and you are crying because your country owe China 4.5 billion dollars that a single person can pay off in Nigeria, then what should USA Citizens call their country for owing China Trillions of Dollars? . 70% of Nigerians are just ignorant and Educated illiterates

MrRichmond:
The white have colonized us, now it's time for the Asians.

The same way our ancestors were sold out by their Kings is the same way our politicians are selling us to the Chinese.

In a few years time, half of Africa will be speaking Chinese.

WinningSun:


forget all those companies their real total assets is not up to $2trillion dollar. american debt can never be repaid

justbusy:
you said sense is common: But, you lack it! I think, you need this tonight!

wise2odd:
the op is trying to justify buhari loan. there is no accountability to buhari loan

Jaguntemmy:
Well at least we are not the number 1

nograv:


Listen to this mumu..

You realise that the US has productive world leading industry that will ultimately help them pay down their debt.

Apple, Amazon, Google, Facebook and Tesla are world beating companies bringing billions of dollars into the US.

Nigeria by contrast only has oil. If the oil price drops we have limited means of paying debt down. At the same time we don't even have a sovereign wealth fund to see us through the economic bad times..

Debt for the western nations is manageable to a limited degree. Although some say the hugely indebted countries like Britain and US with the so called Anglo Saxon model will have to face down the debt problem in the future. They also have relatively good ratings from agencies like moodys and the Standard and Poor meaning that debt is cheap. Nigeria does not have a great credit rating so debt is expensive.

As a major oil producer with a relatively well educated and hardworking population Nigeria shouldn't really need to borrow at all.

I am afraid you are the one with a limited understanding of economics...

shogz89:
africa is owing just one country almost 90billion..

and they say two heads are better than one

nograv:


They have productive industries outside of oil that will help them pay down their debt...

Google, Amazon, Tesla and Facebook just to name a few

Tell me oga what does Nigeria have

BluntBoy:


Every country owes debt. Even the United States owes substantial debts to China and Japan.

Who China and Japan come dey owe

nograv:


They have productive industries outside of oil that will help them pay down their debt...

Google, Amazon, Tesla and Facebook just to name a few

Tell me oga what does Nigeria have