Finance

Why China Stopped Giving Nigeria Loans — Lai Mohammed

Published

3 years ago

February 23, 2022

Nigeria’s Minister of Information and Culture, Lai Mohammed, has revealed why China stopped giving out loans to Nigeria..

Speaking in an interview with DailyTrust on Monday, February 21, captured on Instablog9ja the minister said, “When we started, we found the Chinese government more willing and their terms were much more acceptable and the speed with which the loans were completed and the speed with which we started working.

Unfortunately, along the line, I can remember the Minister of Transportation complaining that the entire world takes its cue from what Nigerians say about their government.

The issue of reports that the government will soon go bankrupt, I think made them stop. Yes, we’re not getting the loans again as we would have wanted.”