Follow CGSP on Social Media

Listen to the CGSP Podcast

Economist: It Doesn’t Matter If Nigeria Looks to China or Europe For Infrastructure Loans, It Still Won’t Solve the Underlying Problem

Nigerian economist Gospel Obele appearing on PlusTV to discuss the country's infrastructure debt financing dilemma.

Last week’s acknowledgment by Nigeria’s Transportation Minister Rotimi Amaechi that China will no longer finance the country’s large-scale railway projects has prompted a lively debate over how Abuja should fund its future infrastructure development.

Amaechi said he is now going to look to European creditors, possibly multi-billion-dollar loans from Standard Chartered Bank in the UK, to fill the financing gap. But even if he’s successful in securing new lines of credit, economist Gospel Obele said it’s not going to solve the country’s larger problem.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.