Nigeria: Experts Warn Govt Against Debt Trap

16 September 2020

Some experts in bilateral businesses have called on federal government to consider other options in addressing Nigeria's infrastructural deficit, instead of the high appetite for infrastructure loans from China.

The experts who gave the warning during a one-day Webinar titled: 'Are Chinese Infrastructure Loans Putting Nigeria on the Debt Trap Express,' organised by the US- Nigeria Trade Council, warned Nigeria strongly against the loans; arguing that the terms are hidden "debt traps" for the country.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.