Uproar in Nigeria Over Fears that Chinese Loans Are Jeopardizing Sovereignty

A full-blown media and Twitter hysteria erupted on Wednesday in Nigeria over reports that a member of the House of Representatives discovered a clause in a Chinese loan contract that supposedly puts the country’s sovereignty at risk in the event of default.

The contract in question was a 2018 loan for $400 million from the China Exim Bank to build Nigeria National Information and Communication Technology (ICT) Infrastructure Backbone Phase II Project.

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by Eric Olander

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