Chinese attitude to Indebtedness is the HARDEST in the world. I know, because one had to deal with it in the course of my work @ the World Bank, helping African countries to get the HIPC Debt Cancellation.

It ANNOYS ME TO NO END to see our countries BINGING on Chinese Loans.
Most annoying of this latest round of RISING SCALE of Public Debt by countries of the continent is that the politicians are behaving EXACTLY like the ones who PILED UP DEBTS in the 80s & 90s.
“Just sign up for plenty Loans...forget about imperatives of Debt Sustainability.” KAI!!
The Chinese KNOW EXACTLY what they are doing. If you read their Loan Agreements with African countries, you will see how TIGHT they cover their exposure. Meanwhile, our own Leaders go there to naively, gleefully and with huge dose of inferiority complex, sign on to BAD DEALS.
Our Teams put so much effort into helping countries which received significant Debt Reductions under HIPC to build up Debt Management capacities.
The idea was to help avoid a REPEAT of the DEBT ALBATROSS of the 80s, 90s and early 2000s. Alas, the REPEAT is on @ a LARGE SCALE.
For the massive Investment that our continent needs for even basics like Infrastructure (some $93B annually from one of the studies by our
Read more
http://www.foxreuter.com/2018/09/out-ezekwesili-said-chinese-attitude-to.html?m=1

This ugly big mouthed woman sold this lifeless government to Nigerians, now she wants to have her cake...

Ugly biitch

CROWNWEALTH019:
This ugly big mouthed woman sold this lifeless government to Nigerians, now she wants to have her cake...

Ugly biitch

Must you always be so abusive and mean-spirited? You didn't even address the koko of her submission. Take it easy with the bile, biko.

CROWNWEALTH019:
This ugly big mouthed woman sold this lifeless government to Nigerians, now she wants to have her cake...

Ugly biitch

I think we should be more interested in how these new loans will impact on our future. Read and learn. Leave the messenger, focus on the message.

delpee:


I think we should be more interested in how these new loans will impact on our future. Read and learn. Leave the messenger, focus on the message.

Sometimes, I wonder if you guys keep your brain in a safe before coming online. The ones the idiat has been borrowing what's the impact?

The Abacha loot what happened to it

Pure fact, its very unfortunate the kind of leaders we have in this country.
You shared about $300m Abacha loot to poor Nigerians and traveled to China wasting millions of Naira to borrow about $300m, what kind of foolishness is that? Now we will be spending money servicing a debt that was totally avoidable?
Yet we still wonder why we entered into recession and why the economy is in a mess today.
Nigerians enjoy the change you voted for
Cc
AKA (ABOKI MAI SUYA)
CILLICMILIAN
360DEGREES
BUHARILTILL2023
NGENEUKWUENU
YARIMO
SARRKI
BUHARIGUY
MADRIDGUY


come and see how they are signing off the future of your generations yet unborn and you are here defending them because of #30k/month.
Posterity will judge all of you.

Borrowing makes sense for poor countries if it finances things like roads, schools and hospitals, which improve welfare and support economic growth. But the keenest borrowers in Africa are also feckless spenders that sudden spending cuts, which would leave half finished infrastructure projects to rust.
Africa has gone back to the old ways of borrowing when there is much less revenue to service debts. Smh.