According to the Nigerian Chinese website, Nigerian Minister of Communications Rotimi Amaech said that the federal government of Nigeria can repay the capital loan obtained from the government of China within 20 years.
China is the only country with low interest rate loans in the world, which is very convenient for many developing countries and small countries in the world. Because the loan interest rate in China is low, it can be beneficial to the national economic construction and ease the economic situation.
Especially Nigeria, a developing country in Africa, needs a lot of money to solve the problem of economic development. It is a utilitarian thing for China to provide capital loans to Nigerians.
Nigeria's loan guarantee company is a local oil company. With a state-owned energy company as a guarantee, you don't have to worry about not being able to repay the loan.
Some people think that Nigeria is a poor country and unable to repay its loans. In fact, Nigeria needs the approval of the President and the National Assembly when making loans. This means that Nigeria's national loan needs the unanimous consent of the whole country and residents. Only when citizens feel able to repay loans will loan projects be approved. Moreover, the Nigerian loan to China is only 500 million RMB, which is more than enough to repay the loan. Moreover, the guarantee company is a local oil company, and not only a Nigerian national, China also thinks it has the ability to repay the loan.
At present, Nigeria's loan repayment fund is about 96 million yuan. It's only a matter of time before the rest of the loan is paid off, so don't worry.
The Nigerian Minister of Communications also said that no country in the world except China will lend them a loan at a low interest rate of 2.8%, which shows that China is sincere in cooperation and is a very friendly country. Moreover, China will not give the money directly to the Nigerian government, but to the railway engineering contractor first. When the signing work is completed, the China Municipal Government will directly hand over the loan funds to the railway engineering contractor. This kind of loan makes the funds effectively used, which is unprecedented!
The loan is used for railway construction in Nigeria. As the saying goes:? If you want to be rich, build roads first? The improvement of the railway system will inevitably promote the development of Nigeria's economy and facilitate the travel and exchanges between Nigerian nationals. This is why this loan can be used by former President Goodluck. The reason why Jonathan died.
Amachi also said that all the terms signed by Nigeria on the loan have been approved by the National Assembly, so the investigation is unnecessary. It seems that in Nigeria, we also know how to invest and use funds, and we will definitely make good use of China's loans and put all the money to the cutting edge!
From the loan to Nigeria, we can see that China has always had a sense of being a big country, assisted poor and backward developing countries on the principle of cooperation and mutual assistance, and worked hard with other countries in the world to build the common destiny of mankind.