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

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

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On Thursday the Republic of China said that the country’s loans to Nigeria are of common benefit.

Cui Jianchun, Chinese ambassador to Nigeria spoke to reporters at a seminar, “Learning from the Chinese Communist Party’s history and creating a brighter future”, which took place at the University of Abuja.

He said that Nigeria and China had a history of good friendship and joint relations.

He also said that some people are pointing a bad picture of China’s intentions. “Some politicians have tried to use the colonial system mindset to say if I lend you money and you cannot pay me back, you will lose your sovereignty”, NAN quoted him as saying.

The ambassador said that China is working with Nigeria on rail because money is now a big constraint, just like in 1978 when his country had no money.

“In China, we did not have money, we did not have technology, and we did not know how to manage the economy.”

Jianchun recalled that when the Communist Party of China (CPC) was founded, it had just a little over 50 members.

The ruling party currently has more than 95 million members in a country of 1.4 billion people, making it the largest governing party in the world.

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