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| President Muhammadu buhari, & Chinese President, Xi Jinping shaking hands |
There were mixed reactions among the Nigerian public following the shocking news that the Chinese government has taken over Ugandan government's priced assets, notably its major airport over its failure to repay the loan of $207m it owed the Chinese Government.
The recent development sparked fears among Nigerians who expressed concerns over the nation’s mounting debts under the President Muhammadu Buhari government, saying the country might end up in a similar situation. Meanwhile a section of the public strangely or perhaps sarcastically, wish the Chinese government has already taken over the country.
The Director- General of the Debt Management Office, DMO, Ms. Patience Oniha, has revealed that as of June 30th 2021, the country’s public debt profile stood at N35.465 trillion.
According to Vanguard, Oniha, in a virtual media chat said the country risked the debt sustainability issue if it failed to grow the current low revenue profile, which places the country in the poorest category among its peers.
“We should focus on revenue. The good thing about it is that the Minister of Finance, Budget and National Planning has started a programme aimed at growing the revenue profile. We must discipline ourselves to follow through to grow our revenue. If we continue to borrow and do nothing about growing our revenue base as other countries have done, we may have a debt sustainability challenge, ” she said.
Out of the total debt profile, Nigeria owed the Chinese government the total sum of $3.402 billion as of March 31 2021, according to the Debt Management Office.
Reacting, some Nigerians said when the Chinese government is set to take over the country they should start from the North.
Below are the reactions National Pivot have gathered:
Niko Chevron, "Museveni is doing well..I hope Buhari is preparing Katsina state for Dem to take OVER?? Nobody should come close to Niger Delta oh!!
Akinsola Moshood, "Anytime they want to take over this niger area, they should start from born to rule side.
Oluwaloniglory Badmus, "Nigeria is owning $36 billion debt .Na to leave Nigeria for Una remain like this
Edeh Sunday Joseph, "Please they should prepare to come take over Nigeria too. Anything is better than Buhari and his administration.
Mebinueni Temidayo Jacob, "Warning to Nigeria, that want to take a loan and spend it for Niger rail track
Ochiga Don Ejembi, "Seriously warnings to Nigeria and Africa so who much believe in taking loans to siphon
Ajah Nnanna, "This is how they are going to take over Buhari Tinumbu, Lia Mohamed and APC sanetors property first before going to the northern regions to take all the the airports they build with china money
Ebere Emeka, "Nigeria next by the year 22...becomes Chinese colony
Adeodun Olufemi Sunny, "Nigeria shall be whammy up now because what we borrow I don't think we can pay finish in 20years buhari have push us to slave trade back oo
Nathaniel Ugbede, "Somebody should wake Baba BUHARI from sleep. Kindly remind me of your chinese name
Agbro Sunday, "I should be learning how to speak Chinese by now. Naija on my mind.
Okoye Innocent, "You're free to take over Daura... That one is even useless. Take over Katsina State.
Nelson Friday Ihekaire, "Muritala and Nnamdi Azikiwe international airports are next, thanks to Bubu