Nigeria Took Chinese Loans Because They Want To Help With Infrastructure – Buhari
President Muhammadu Buhari has said that his government took loans from China because the Asian country was willing to help Nigeria’s infrastructure.
Buhari said this on Wednesday during an interview with Channels Television while defending his government’s decision to source loans from China.
According to him, anybody that is prepared to come and help Nigeria’s infrastructure to do the roads, rail and power will be welcomed.
Recall that according to data from the Debt Management Office, Nigeria has borrowed $2.02 billion as loans from China from 2015 and the nation’s debt portfolio from China has risen to $3.40bn as of March 31, 2021.
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“We take that (loans) where it is necessary. I told you now of something, what it us...