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A Chinese Debt Trap in Nigeria? Hardly!

Back in May, the online Nigerian financial news site Nairametrics ran an article with the frightening headline: “Nigeria is falling into China’s debt trap.” This, of course, is nothing new. Many Nigerians, along with countless others across Africa, now firmly believe that China will soon begin to seize their country’s strategic national assets because they can’t repay their debts.

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