Nigerian President Muhammadu Buhari has said his administration will stand by the decision to pursue Chinese loans.
In an interview with a local Television station, the Nigerian Head of State maintained that anyone willing to help Nigeria realize its ambitious development goals is free to do so.
“The Chinese are welcome, anybody that is prepared to come and help us and our infrastructure to do the roads, the rail, and power will be welcomed,” Buhari noted.
President Buhari equally sought to quell fears in some quarters, that Africa’s most populous nation might be plunged into a debt trap.
“We take that (loans) where it is necessary. I told you now of something, what it is used to be between Lagos and Ibadan alone not to talk of the rest of the country,” he said.
“But we got the Chinese to help us in the rail and the roads, how can we turn that down? If we had turned that down, maybe between Lagos to Ibadan, you will have to walk,” the president remarked.