May 3, 2017 Sulaimon Olanrewaju
The Federal Government of Nigeria’ indebtedness to China stood at $3.22bn at the end of December 2016, according to a report released on Tuesday by the National Bureau of Statistics (NBS).

This is part of the total foreign debt stock of both the federal and state government which was put at $11.41bn by the bureau.

The domestic debt of the two tiers of government stood at N14.02trn at the end of December 2016.

A breakdown of the foreign debt shows that $7.99bn was multilateral; $198.25m was bilateral (ADB) and $3.22bn from the Exim Bank of China credited to the Federal Government.

The report added that of the Federal Government’s domestic debt, N7.56 trillion or 68.41 per cent are in Federal Government bonds, N3.28 trillion or 29.64 per cent are in treasury bills and N215.99 million or 1.95 per cent are in treasury bonds.

The report also showed that Lagos State has the highest domestic debt profile among the states accounting for 10.54 per cent of the debt stock

Read more@http://www.nairausd.com/2017/05/nigeria-owes-china-322bn-nbs.html

That's an awful lot of money, thank God we didn't end up borrowing that $30b

And the fg is still planning to borrow more

Smh

Sebi we heard that Dieziani has returned $90 billion.

JB01:
Sebi we heard that Dieziani has returned $90 billion.

Oh you fell for that

jericco1:
That's an awful lot of money, thank God we didn't end up borrowing that $30b

If not, na big wahala we got de

So Nigeria Federal government owes 30% of its foreign debt to China

Who entered into this agreement on behalf of Federal Government?

Ebelechukwu & Ngozichukwu sef

Where is lalasticlala sef?

Keneking:
So Nigeria Federal government owes 30% of its foreign debt to China

Who entered into this agreement on behalf of Federal Government?

Ebelechukwu & Ngozichukwu sef

Where is lalasticlala sef?

Wait did you also fall their propaganda.



Hmm Nigerians

But APC made so much noise about the China trip. One year after.....NO-as in NOTHING!

Eze NDi gbege 1

My goodness

The incompetent illiterate dullard has totally destroyed this country.

Buhari is evil wahali

Pls o, Watin we carry this money do?

So what was the money used for? Obviously to make more goats become richer and millionares. Nigeria really has no future. Even the Devil has more hope of making heaven than for this doomed and cursed nation to become better. Nigeria and corruption would forever remain not just like 5&6 but siamese twins

What was it use for? Maybe they will say the massive ongoing rail projects were sponsored from the fund. The rest nko? Probably they are in the soak away pit of our politicians. Nigeria is God's own way of humoring mankind.

Oni gbese oshi!

Where is omenkalives ngenekwenu hungerbad and sarrki the onigbese patriotic zombie?

Please come and tell us what Buhari did with this huge debt on our necks.

Sebi naija get bar.
Make kemi adeosun wire d bar to chinese acct jor.
No time before d debt escalate go 20 years way front

buhari!!

Jonathan borrowed that money?

While some tyrant ones and idiotic being are piling up billions in a house which can be used to pay some dept .... God please have mercy on Nigeria and help us

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lolzzz..... God help us

Nigeria is a joke .... and our government are jokers and clowns....... I don't take Nigeria matter serious , I only laugh coz I can't come and kill myself .....this is how I always dance when stuff like this pop up

Very simple... Sell the f**king country to China

its better they buy Nigeria

Nigeria should just be sold and all the money should be shared to all the citizens...

On a more serious note... Nigeria is a imbred shithole of a country.

NubiLove:
Jonathan borrowed that money?

please can you provide ur facts

Incurable upgraded zombie

awon onigbese

Nigeria is being fvvck with a giant dick and if care is not taken we gonna bleed to death ..... oh Nigeria , Nigeria my country which way ? .......