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Nigeria owes China $3billion (N1.2 Trillion) as of 2020 – World Bank

The World Bank says Nigeria has so far borrowed $3.121 billion, approximately (N1,236 trillion), from China as at March 2020. The amount represents only 3.94 percent of Nigeria’s total public debt of $79.21 billion as of September 2021. Similarly, in terms of external sources of funds, loans from China accounted …

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