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China explains Nigeria loans, rejects ‘plot to hijack sovereignty’




The Peoples Republic of China on Thursday mentioned the nation’s loans to Nigeria are of mutual profit.


Cui Jianchun, Chinese language ambassador to Nigeria spoke to reporters at a seminar, “Studying from the Chinese language Communist Celebration’s historical past and making a brighter future”, which occurred on the College of Abuja.

Jianchun defined that Nigeria and China had a historical past of fine friendship and bilateral relations.

The envoy regretted that some tremendous powers have been portray a nasty image of China’s intentions.

“Some politicians have tried to make use of the colonial system mindset to say if I lend you cash and you can’t pay me again, you’ll lose your sovereignty”, NAN quoted him as saying.

The official mentioned China is working with Nigeria on rail as a result of cash is now an enormous constraint, similar to in 1978 when his nation had no cash.

“In China, we didn’t have cash, we didn’t have know-how, and we didn’t know find out how to handle the financial system.”

Jianchun recalled that when the Communist Celebration of China (CPC) was based, it had just a bit over 50 members.

The ruling get together presently has greater than 95 million members in a rustic of 1.4 billion folks, making it the biggest governing get together on the earth.

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