China Willing To Lend Nigeria More Money – FG

September 30, 2024 by Delia Innoma 0 Comments

The Federal Government has said China is willing to lend Nigeria more money and invest in the country’s infrastructure.

The Minister of Foreign Affairs, Yusuf Tuggar, who disclosed this while speaking on Channels Television’s Sunday Politics programme, also sai 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).

China is one of Nigeria’s top lenders.

-Dailytrust

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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