If Nigeria Breakup Right Now, Who Will Pay The Debt We Owe China? (SEE THIS)

Posted by E.L.E.X on May 15 2021 under News









Have any of you thought about this before? What will happen if Nigeria disintegrate without clearing our debts to China? WAHALA!

Official figures show that Nigeria’s debt to China grew 136% between September 2015 and September 2020, from $1.4 billion to $3.3 billion. Buhari started his first term in May 2015.

As of December 2020, the most recent official data available, Nigeria’s public debt was N32.9 trillion, or $86.3 billion. This is according to the country’s debt management office.

What Happens When A Country Cannot Pay It Debt?

When a country couldn’t pay off it debt, it’l is known as a sovereign default. For instance, when a company fails to repay its debt, creditors file bankruptcy in the court of that country. The court then presides over the matter, and usually, the assets of the company are liquidated to pay off the creditors. Same applicable to a country that failed to repay its debt to China.

Right now everyone is calling for breakup. The Yoruba want their own Republic, the Igbo want Biafra, South South want Niger Delta Republic.

The question is,

If Nigeria Breakup Right Now, Who Will Pay The Debt We Owe China?




YOU MAY ALSO LIKE

Related Posts Pictures

TV host Piers Morgan took his disdain for Prince Harry and Meghan Markle to another level as he likened the former British Royals to dictators Kim Jong Un and Vladimir Putin

Related Posts Pictures

I Will Lay Hands On COVID-19 Patient And They Will Recover – David Oyedepo

Related Posts Pictures

''Appointing Buhari as Champion for COVID-19 response is a mistake, he can barely manage himself– FFK tells ECOWAS

Related Posts Pictures

Gunmen abduct senior lecturer of the Ondo State University of Technology, Prof Gideon Okedayo

Related Posts Pictures

War!!! AirForce Jets Destroys Boko Haram Workshop In Sambisa Forest

Comments


Add Comment

All fields are required!








Contact Us Picture

Are you interested in Advert placement | Promoting your Music or Video | Other Enquiries? We are always available to get that done for you without breaking a sweat. Send us a mail @ elextechnologies4@gmail.com | Call us @ 08132021949 | Message us via whatsapp @ 08132021949