The Federal Government of Nigeria’ indebtedness to China stood at $3.22bn at the end of December 2016, according to a report released on Tuesday by the National Bureau of Statistics (NBS). This is part of the total foreign debt stock of both the federal and state government which was put at $11.41bn by the bureau. A breakdown of the foreign debt shows that $7.99bn was multilateral; $198.25m was bilateral (ADB) and $3.22bn from the Exim Bank of China credited to the Federal Gover......Click to See more
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