Are you guys thinking what I’m thinking?
In total, Nigeria has agreed $5.6 billion in loans with China. But as of March 2020, Beijing had disbursed $3.3 billion. With Nigeria already servicing the loans, $3.1 billion was outstanding as of then.
Couple of hours ago, the Nigerian National Assembly has reportedly received a proposal to change the country’s name from Nigeria to the United Africans Republic (UAR).
Does it mean Buhari don’t want to repay China’s Loan? Could it be the reason why they want changed of name? Well, I’m just thinking out loud.
Whether they change name or not, China still know the country that is owing them.