Follow CAP on Social Media

Listen to the CAP Podcast

Nigeria’s President Buhari Responds to Debt Critics: “We Just Have to Take Loans to do Rail, Roads and Power”

Nigerian President Muhammadu Buhari.

President Muhammadu Buhari finally weighed on the debate currently raging in Nigeria over the government’s decision to borrow billions of dollars, including from China, to build badly-needed infrastructure.

“We have so many challenges with infrastructure. We just have to take loans to do roads, rail and power, so that investors will find us attractive and come here to put their money,” said the president during a meeting of the Presidential Economic Advisory Council at the State House in Abuja.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.