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China's BRI leads to debt sustainability problems, excludes locals from decision making in Nigeria

November 18, 2022
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Though some Nigerian politicians have hailed China for the Belt and Road Initiative, the BRI has led to the problem of debt sustainability and local Nigerians have been excluded from decision-making and project implementation, Hong Kong Post reported. "The managing director of the Nigerian engineering and construction company Dutum Company Limited, Temitope Runsewe, observed that "These Chinese companies show up with cheap funds from China... They will tell their government, "Just show us the projects, and we'll organise and begin building." Most of our government officials simply give in to this extreme allure instead of strengthening local capacity, Hong Kong...
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China Tech Buzz Topics: auto | bank | BRI | capital | China | Chinese | construction | corporate social responsibility | corruption | development | Economy | government | Hong Kong | LED | loan | loans | Nigeria | senate | staff | survey | sustainability | technology

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