The Federal Government has clarified that it is not seeking debt forgiveness from China, despite ongoing discussions about debt relief at international forums.
According to the Minister of Foreign Affairs, Yusuf Tuggar, Beijing is open to extending further loans and making more investments in Nigeria’s economy.
Tuggar made this statement on televised interview while responding to questions about Nigeria’s debt situation and recent interactions with China.
“When you talk about the debt of a developing country, Nigeria is not in that sort of precarious situation. As a matter of fact, China is prepared to lend more, China is prepared to invest more in Nigeria in terms of infrastructure development and other things,” Tuggar said.
