Tag: Nigeria
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Nigeria’s Transportation Minister Renews Plea For Legislators to Stop Questioning Loan Agreements With China
Nigerian Transportation Minister Rotimi Amaechi renewed his appeal to the National Assembly to stop questioning the $5.3 billion Chinese loan to build the Ibadan-Kano standard gauge railway. This is the second time the minister has called on legislators to temporarily stop their investigation into the Chinese loan. ...
No Evidence, No Problem: Nigerian Media’s Love Affair With the Chinese “Debt Trap” Narrative
Even though scholars from around the world have debunked the charge and there's no evidence to support it, the Chinese debt trap meme is alive and well in some of Nigeria's leading newspapers. The ongoing Chinese loan controversy in Nigeria has ...
Nigeria’s Debt Management Office Tries (Again) to Set the Record Straight About Chinese Loans
For a second time, the Nigerian Debt Management Office (DMO) published easy to understand infographics that attempt to dispel the downright inaccurate information circulating in the press and on social media about the country's loans from China. The DMO ...
You Can Actually See Chinese Soft Power Draining Away in Nigeria
China's apparent unwillingness to engage Nigerian civil society in a discussion over the ongoing loan controversy is eroding what's left of Beijing's credibility in the media, politics and among the country's enormous young, online population that gets most of its news from social media. ...
Nigeria’s China Moment
The current anti-Chinese sentiment in Nigeria is a fascinating sign of the times, but I'm a it baffled about what it signals. I don't know enough about Nigerian society to be able to unpack it in detail. However, it seems like a symptom that China's narrative of ...
Nigeria’s Transport Minister Says What Others Won’t: Who Else is Going to Lend Us Money for Infrastructure?
Nigeria's embattled Transportation Minister Rotimi Amaechi appeared on national TV again on Tuesday to try and clear up the rumors and misinformation surrounding a $500 million Chinese loan, which includes a "sovereign immunity" clause. That clause, now commonly ...
The China-Funded Mobile Browser That’s Zeroing in on the African Market
Four years ago, Opera was most famous for Opera Mini, a simple data compression browser, gaining traction in African countries with high data costs. Today, Opera’s software holdings have developed into an interconnected nexus spanning file sharing, news, digital payments, ride hailing, food delivery and news.
Finally, Some Straight Talk on Chinese Loans to Africa
Seemingly fed up with the past week of overheated controversy in Nigeria over Chinese loans, Transportation Minister Rotimi Amaechi is telling it like it is. People may not like the Chinese, they may not like the terms of Chinese loans and they may not like the debt they're ...
Nigeria’s Conversation About Chinese Debt
The first thing to say about the ongoing controversy about Chinese loans purportedly compromising Nigerian sovereignty is that it's based on a misreading of standard language found in loan contracts. Rather than stating that, in the case of a default, China will have the right to seize ...
The Chinese Foreign Ministry’s Tepid Response to the Escalating Loan Controversy in Nigeria
The Chinese Foreign Ministry on Monday issued a statement in response to the escalating "sovereign immunity controversy" in Nigeria. The ministry did not specifically address "clause 8(1)" which stipulates that Nigeria will waive its sovereign immunity in the event of a default on ...
Hunting for Illegal Chinese Miners With Nigeria’s Amotekun Patrols
Operation Amotekun (Leopard) is a pioneering new joint task force that launched in January and now operates throughout six southwestern Nigerian states. These well-equipped forces are intended to support to local police and traditional rulers in combatting regular terrorism, banditry, and kidnapping in the country's ...
Transport Minister Pushes Back Against Accusations that Chinese Loans Compromise Nigeria’s Sovereignty
Nigeria's Transportation Minister Chibuike Amaechi went on national television in an effort to tamp down the controversy erupting over whether Chinese loans will compromise the country's sovereignty. The issue surfaced last week when the Chairman of the House Committee on Treaties, ...