The minister should know that life is all about making choices among assorted alternatives and that it is the options we give up to obtain what we want that constitute trade-offs. For instance, a country can forgo a chunk of its sovereignty tomorrow for rail lines built on opaque Chinese loans today. This is just to say that trade-offs involve sacrifices like this…
Here’s the weirdest: The minister actually asked the committee to postpone the probe and resume in December, after he would have received the money from China. This is quite unusual, to say the least. Renegotiating a loan with China is not a radical idea. It is what patriotic leaders of a country do when they suspect a bad deal, as we are currently supposing on the Chinese loan in question. This is the reason why the probe must be allowed to continue…
…according to a report by The Guardian on August 2, he assured us that Nigeria was not ceding its sovereignty to China because the Sovereign Guarantee clause in the loan agreement was only to reassure “China that it can take over the asset constructed with the loan, should Nigeria default.”
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