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My country (Nigeria) now spends 80% of its revenue servicing debt mostly owed to China (I blame stupid and corrupt government officials much more than China). W
by boeingUH60 3y ago
My country (Nigeria) now spends 80% of its revenue servicing debt mostly owed to China (I blame stupid and corrupt government officials much more than China). Welp, time to go learn Mandarin...
https://www.thecable.ng/zainab-ahmed-nigeria-to-spend-60-of-revenue-on-debt-servicing-in-2023 https://www.thecable.ng/zainab-ahmed-nigeria-to-spend-60-of-...
- CogitoCogito 3y agoDo you know what the implications would be in simply defaulting?
- boeingUH60 3y agoOur economy will sink further from the horrible state it's already in.
- notadev 3y agoChina gets to take over all of the projects they built, this giving them a foothold in the local government and economy.