Showing posts with label Chinese deal. Show all posts
Showing posts with label Chinese deal. Show all posts

Saturday, 16 April 2016

Chinese Loan: Investors will remain reluctant to commit money to Nigeria until - Forbes thrashes Buhari's Chinese deal

Chinese Loan: Investors will remain reluctant to commit money to Nigeria until - Forbes thrashes Buhari's Chinese deal
The Forbes has described the recent Nigeria-China deal brokered by General Muhammadu as a short-term fix that will put Nigeria in deeper trouble in the coming years. According to the report, Buhari's borrowing of the money without any clear and feasible repayment plan will worsen Nigeria's economic woes. Moreover, it would not ease the pressure on dollar unless crude oil prices improves. So at the end of the day, Nigerians have just been handed over a counterfeit. Read the report below: