President Muhammadu Buhari on Wednesday justified his regime’s several borrowings from China, stating that Nigerians may have to walk from Lagos to Ibadan if the loans were not taken.Speaking during an exclusive interview on Channels TV, Mr Buhari reasoned that it was impossible for his regime to reject Chinese loans without alternative sources of funds.

“We got the Chinese to help us in the rail and the roads. How can we turn that down? If we had turned that down, maybe between Lagos to Ibadan, you will have to walk,” the president argued.

Mr Buhari’s regime has come under severe criticisms for repeatedly borrowing to finance some projects in the country, particularly the railway projects.

Below News May Also Interest You To Read – Open On A “New Tab”:

Loans from China now $3.59b, says DMO

Pastor Tunde Bakare In Trouble Over Inability To Repay ₦9bn Loan Used To Build Church

I Have Approached World Bank To Give Me $30m Loan To Build Vaccine Plant ~ Says Buhari

2021: A Year Without Resolutions

As of March 2021, Nigeria’s debt profile from China had risen to $3.40 billion, according to data from the Debt Management Office.

A report by the Nigerian Domestic and Foreign Debt Report, published last year by the National Bureau of Statistics (NBS), estimated that the country’s total public debt as of September 2020 was N32.2 trillion ($84.57 billion)

13 thoughts on “Nigerians Will Trek From Lagos To Ibadan If My Regime Didn’t Borrow Chinese Loans – Buhari”
  1. I wanted to construct a small word in order to say thanks to you for some of the precious information you are writing here. My time-consuming internet search has at the end been paid with incredibly good content to exchange with my friends and classmates. I would point out that most of us visitors are really lucky to live in a fantastic network with very many marvellous professionals with useful strategies. I feel quite blessed to have seen your web site and look forward to plenty of more thrilling times reading here. Thanks a lot once more for everything.

  2. According to my observation, after a property foreclosure home is offered at a sale, it is common with the borrower to be able to still have the remaining unpaid debt on the mortgage loan. There are many lenders who try and have all expenses and liens cleared by the upcoming buyer. Even so, depending on specific programs, restrictions, and state regulations there may be quite a few loans which aren’t easily fixed through the transfer of financial loans. Therefore, the obligation still lies on the lender that has acquired his or her property in foreclosure. Thank you for sharing your opinions on this weblog.

  3. One more thing is that when searching for a good on the net electronics retail outlet, look for web stores that are continuously updated, maintaining up-to-date with the hottest products, the most beneficial deals, and helpful information on services. This will make sure that you are handling a shop that really stays on top of the competition and provide you things to make intelligent, well-informed electronics buys. Thanks for the critical tips I have really learned from your blog.

  4. you’re actually a excellent webmaster. The site loading pace is amazing. It sort of feels that you are doing any distinctive trick. Moreover, The contents are masterpiece. you’ve done a excellent process in this subject!

  5. Thank you so much for giving everyone a very pleasant chance to read articles and blog posts from this site. It really is so excellent plus packed with amusement for me personally and my office friends to visit your website at a minimum 3 times every week to read through the newest guides you have. And lastly, I’m also at all times satisfied with all the special inspiring ideas you give. Selected 1 areas on this page are honestly the most beneficial I’ve had.

  6. Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! However, how can we communicate?

  7. Usually I do not read article on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been amazed me. Thanks, very nice post.

  8. Hi! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My site looks weird when viewing from my iphone. I’m trying to find a template or plugin that might be able to correct this problem. If you have any suggestions, please share. Thank you!

  9. whoah this weblog is wonderful i love reading your posts. Keep up the good work! You recognize, a lot of people are hunting round for this info, you can aid them greatly.

  10. There are some fascinating cut-off dates on this article but I don抰 know if I see all of them middle to heart. There may be some validity but I will take maintain opinion until I look into it further. Good article , thanks and we would like more! Added to FeedBurner as properly

  11. Another thing I have really noticed is the fact that for many people, below-average credit is the reaction of circumstances beyond their control. Such as they may have already been saddled with an illness so that they have excessive bills for collections. It would be due to a occupation loss or inability to work. Sometimes divorce proceedings can send the funds in the undesired direction. Thank you for sharing your notions on this site.

  12. Right now it looks like Expression Engine is the preferred blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?

Leave a Reply

Your email address will not be published. Required fields are marked *