China Ready To Lend Nigeria More Money, Says Federal Gov’t …C0NTINUE READING HERE >>>
The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has disclosed that China is willing to lend Nigeria more money and invest in the country’s infrastructure.
Amb. Tuggar disclosed this while speaking with Channels Television on Sunday, adding that Nigeria was not among the critically indebted countries, hence it was not discussing debt forgiveness with its major lender, China.
According to the Debt Management Office (DMO), Nigeria‘s external debt stock as of March 2024 was N56trn ($42bn) while domestic debt stood at N65trn ($46.29).
When asked if Nigeria was negotiating debt…
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