Top Ten Indepted African Nation To China - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Top Ten Indepted African Nation To China (1119 Views)
| Top Ten Indepted African Nation To China by Biodun556(op): 3:41pm On Nov 11, 2021 |
. 1 Like
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| Re: Top Ten Indepted African Nation To China by Biodun556(op): 3:42pm On Nov 11, 2021 |
People like exaggeration. They over hype Nigeria dept 1 Like |
| Re: Top Ten Indepted African Nation To China by BKayy: 3:43pm On Nov 11, 2021 |
Look at them, Black countries ruled by blind old men. Very soon, y'all will be indepted to Alaigbo. It is a matter of time. 1 Like |
| Re: Top Ten Indepted African Nation To China by KAM3KAZI: 3:43pm On Nov 11, 2021 |
Abeg who is USA owing $18 trillion  2 Likes |
| Re: Top Ten Indepted African Nation To China by BKayy: 3:46pm On Nov 11, 2021 |
KAM3KAZI:Probably Aliens |
| Re: Top Ten Indepted African Nation To China by Biodun556(op): 3:47pm On Nov 11, 2021 |
KAM3KAZI:The United States owes money to many countries, including Japan, mainland China, the U.K., Ireland, Luxembourg, Brazil, Switzerland and Belgium, among others. Including financial institutions within US 1 Like |
| Re: Top Ten Indepted African Nation To China by Ruggman: 3:47pm On Nov 11, 2021 |
What is your point? The government should be borrowing to embezzle without plans to pay back 2 Likes 1 Share |
| Re: Top Ten Indepted African Nation To China by Leverage2021: 3:50pm On Nov 11, 2021 |
Buhari just got approved to borrow $18billion at a go But you say it's $4.8b he is owning China since all the several borrowing |
| Re: Top Ten Indepted African Nation To China by Biodun556(op): 3:52pm On Nov 11, 2021 |
BKayy:The United States owes money to many countries, including Japan, mainland China, the U.K., Ireland, Luxembourg, Brazil, Switzerland and Belgium, among others. |
| Re: Top Ten Indepted African Nation To China by Conwarden: 4:05pm On Nov 11, 2021 |
Biodun556:Alaye, so we should be proud of this achievement?  Life sentence for all scammers . . . including paternity fraudsters! |
| Re: Top Ten Indepted African Nation To China by Phcmayor(m): 4:20pm On Nov 11, 2021 |
U mean USA is owning Well it's better to borrow and use it to develop your country than to borrow and loot like nigeria is doing Thanks 1 Like |
| Re: Top Ten Indepted African Nation To China by izombie(m): 4:30pm On Nov 11, 2021 |
The difference is that while USA and UK and the rest use their monies to develop their countries, nigeria own na to embezzle. Nonsense post op. What have you benefited from all the borrowings by nigeria? No road, no water, no electricity, no good schools, no hospitals, so what are you saying? |
| Re: Top Ten Indepted African Nation To China by Maxymilliano(m): 4:35pm On Nov 11, 2021 |
And this should justify the reasons why we always borrow endlessly right ? Don't worry, just keep borrowing, at this rate Nigeria will reach number one in Africa soon enough, and then join the big boys up there in the world. By the way, please can show us the GDP figures of all the top debtors on the list? It'll be nice to see. Thank you. 1 Like
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| Re: Top Ten Indepted African Nation To China by larrybabanla(m): 4:50pm On Nov 11, 2021 |
Abeg are USA owing themselves? |
| Re: Top Ten Indepted African Nation To China by Oksman(m): 4:58pm On Nov 11, 2021 |
Conwarden:Please forget that crap above. This is a Premium Times report on Aug 11 2021 on debts owed by countries. Nigeria, India, others among countries with highest debt risk exposure – Report A report by the World Bank has listed Nigeria among countries with the highest debt risk exposure across the world. The details are contained in the fiscal year 2021 (FY21) financial statement of the International Development Association (IDA), a World Bank financial institution that offers concessional loans and grants to the poorest developing countries. According to the report, with debt exposure of $11.7 billion, Nigeria ranked fifth among the top 10 countries with highest debt risk exposure. The top four countries are India with $22 billion, Bangladesh ($18.1 billion), Pakistan ($16.4 billion), and Vietnam ($14.1 billion). Other countries on the list are Ethiopia ($11.2 billion), Kenya ($10.2 billion), Tanzania ($8.3 billion), Ghana ($5.6 billion), and Uganda ($4.4 billion). In 2022, the organization said the single borrower limit (SBL) has been set at $45 billion, about 25 percent of $180.9 billion of equity as of June 30, 2021. It added that the figure is “marginally higher” than that of 2021. “As of June 30, 2021, the ten countries with the highest exposures accounted for 66% of IDA’s total exposure,” the organization said. “Monitoring these exposures relative to the SBL, requires consideration of the repayment profiles of existing loans, as well as disbursement profiles and projected new loans and guarantees.” The financial report revealed further that a total of $19.5 billion loans would be disbursed to Nigeria. The breakdown include $1.46 billion loan approved but not yet signed, $6.61 billion signed loan commitment, and $11.47 billion outstanding loan. El, interest, or other charges due to IDA, it may suspend disbursements immediately on all loans and grants to that borrower. You can see how they go about deceiving those who are not knowledgeable. He should disprove the above report. 1 Like |
| Re: Top Ten Indepted African Nation To China by Reeses: 5:56pm On Nov 11, 2021 |
KAM3KAZI:Mama nkechi |
| Re: Top Ten Indepted African Nation To China by Solsix(m): 6:15pm On Nov 11, 2021 |
By the time our 16b land we go top African chart. Buhari can achieve that with the help of lawan |
| Re: Top Ten Indepted African Nation To China by omoalaro: 7:37pm On Nov 11, 2021 |
KAM3KAZI:I think it's mostly China. |
| Re: Top Ten Indepted African Nation To China by Sammy07: 7:47pm On Nov 11, 2021 |
omoalaro:And who China dey owe |
| Re: Top Ten Indepted African Nation To China by Godons1: 7:57pm On Nov 11, 2021 |
BKayy:Alaigbo that can not survive by themselves? They are presently relying on the North, West and South South, since their Region cannot generate IGR or VAT. Their Region contribute zero to the Nigerian Economy.  The real parasite 
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| Re: Top Ten Indepted African Nation To China by Biodun556(op): 11:42am On Nov 13, 2021 |
Godons1: |
| Re: Top Ten Indepted African Nation To China by Biafrarep(m): 11:48am On Nov 13, 2021 |
Fools from BMC have come again! Why should Nigeria be owing billions of dollars since Buhari took over? Considering that Obasanjo and Ngozi Okonjo Iweala earned Nigeria debt free status earlier? China is lending to others, why can't Nigeria lend to other African countries? After making the country broke, they keep looking for excuses. Bastards!!! |
| Re: Top Ten Indepted African Nation To China by joyandfaith: 11:56am On Nov 13, 2021 |
Op is too naive. What is debt-revenue ratio of these nations? It is not about debt, but revenue to pay the debt. Nigeria is like jobless man who keeps borrowing money to service previous debts and without hope of getting any meaningful job. Debtor is a slave to his creditors. Nigeria is like a slave man who has borrowed too much to be enslaved forever. |
| Re: Top Ten Indepted African Nation To China by Omoluabi16(m): 12:00pm On Nov 13, 2021 |
Biodun556:Abi now. No cause for alarm, na only no8 we be. |
| Re: Top Ten Indepted African Nation To China by laiperi: 4:57pm On Nov 13, 2021 |
Thank you sir. If Iya Oniresi give you bookmedown credits until pay day, whose rice are you buying. If you refuse to pay, she go ban you and make up the loss from good customers. Ai dey laff when people say USA is the greatest Debtor. In whose currency? Americans buy more of their debt than anyone. Even if China get mad and decided to cash in, American can devalue it's currency and make it worth less for China. China market and holding around the world would crash. So, in whose interest is that? China and America are like Iya Oniresi. You cannot get loan from them and go to neighboring African countries to buy goods and services cheaper. Even ordinary bottle water must be bought from American companies. You see, loans make your country poorer and foreign creditors richer. They use loans and foreign aids to boast Goods and services in their markets expanding jobs and factories. Do you know how much American contractors made in Afghanistan? Stop listening to African Wharton School of Business, Cambridge, University of Toronto economists. They are selling you out. Until Nigeria start borrowing from foreign countries in Niara that cannot be exchanged for dollar or euro, Africans will keep on exchanging mirror for gold. Capish? joyandfaith: |
| Re: Top Ten Indepted African Nation To China by joyandfaith: 7:28pm On Nov 13, 2021 |
laiperi: |
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