Nigeria Owes More Money to China Than Any Other Country: Chart

China Loans

Nigeria Owes More Money to China Than Any Other Country: Chart

Chinese credit accounts for 80% of all bilateral lending to Nigeria, data from the West Africa nation’s debt management office show. China provides loans to build railways, power plants and airports, helping to bridge a huge infrastructure gap in Africa’s largest oil producer. However, lending from China makes up only 3% of Nigeria’s total debt stock of $81 billion.

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