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China’s Share of Nigeria’s Ballooning Debt Remains Steady at Around 4%

Chinese creditors account for just 4.1%, or $4.7 billion, of Nigeria’s $114 billion total public debt, according to the latest figures released by the Debt Management Office in Abuja.

While China’s share is significantly larger than other bilateral creditors, France is a distant second with just $572 million, the amount owed to Chinese creditors is nonetheless considerably smaller than that of other major external lenders:

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