Chinese Loan; NGO Warns FG, ‘Says Action Capable of Recolonization of Future Leaders

Olusegun Ariyo

A Non-government Organisation identified as “Do Your Job Initiative Nigeria” has warned the government of the Federal Republic of Nigeria regarding its decision obtaining a loan from  Chinese government saying action is capable of returning Nigeria future leaders back to colonization.

In a statement signed by both the executive secretary and group Administrator, Ebereijere Gomwalk, Chris otaigbe respectively and that which was sighted by urban express news online said the terms and condition surrounding the billions of dollars Nigeria is borrowing from china has become extremely necessary for Nigerians to intervene as the need to review the terms and possibly find an alternative window to address the terms of the loan remains very expedient.

The statement read in part; “that in twenty years or more, those projects would have taken in, so much on our socio-political and economic life that it would be too easy for the Chinese to take over those routes that traverse three main economic hubs of the country.

It wondered where in a situation in Lagos, Port-Harcourt and Kano are lost to a foreign takeover, what would then be left of a sovereign Nigeria”

“Those who are party to the signing of those loans on behalf  of Nigeria today will be twenty years older and would  be nearing their graves adding that some would be no more, but Nigeria  will remain, where generations including  many of the youths of today would be alive at that time will be left to begin another round of anti-colonization”

It added: “from Zambia Kenya and Sri-lanka tales of the Chinese takeover of assets of countries it has loan money abroad, surely we do not want and cannot risk such action for Nigeria and Nigerians in near future.

Citing an example, it said there is a model copy from the president of Tanzania, john magufuli who rejected the loan outrightly because of its sinister terms, while in his wisdom, the president said only  a drunkard can agree to the abominable  terms proposed  by  the Chinese in the said loan agreement

The statement put further that Nigeria can no longer remain on the sideline while their lives are being placed on the altar of damage and future mortgaging loans, as these is the time to talk on restructuring.

We demand that the  National Assembly should sustain the call it has started on its public hearing to continue an ensure it  addresses this vexed issue of Chinese loan and indeed loan agreements, as Nigerian needs to know in concrete terms, plans the government has put in place to repay the loan with a timeline’’