Nigeria is planning to borrow 2 billion US dollars from China to build a new super grid! According to Bloomberg, on October 6, Nigeria's Minister of Power, Adedibu, said that Nigeria is negotiating with the China Export-Import Bank to explore borrowing 2 billion US dollars to build a new super grid, in order to reduce the impact of decades of power shortages on economic growth.
This is another big project, but risks and benefits coexist. The political situation in Nigeria has not been very stable in recent years, and the country's relations with Western countries are relatively pro-American. However, Nigeria has abundant oil resources for export, and the country has also purchased a lot of weapons equipment from our country. Therefore, according to the prediction of this editor, this project may be successful, but the amount of our loan may be smaller, we will not give them 2 billion US dollars in one go, it is more likely to be disbursed in multiple loans, or introduce other international investors, which can spread the risk. Nigeria and Algeria are two regional powers in North Africa, but the relationship between these two countries is quite poor. However, both countries have purchased a lot of weapons equipment from our country.
Original text: www.toutiao.com/article/1845286117642314/
Statement: This article represents the personal views of the author.