Nigeria: Inside China's $6.5 Billion Loans to Nigeria Since 2002

1 November 2019

The EXIM Bank of China is Nigeria's biggest bilateral creditor in nearly 2 decades, having lent the African largest economy $6.5 billion (or N1.9 trillion) since 2002, analysis of official disclosures exclusively obtained by PREMIUM TIMES has shown.

Based on separate Freedom of Information replies by the finance ministry and the Debt Management Office, DMO, our analysis showed Nigeria has obtained 17 Chinese loans to fund projects across sectors since 2002.

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