We need to digest most of these documents and go through the documents clause by clause. While some of the experts allayed fear over sovereignty clause in the loan, others said Nigeria should be careful when taking Chinese loans. He explained that conditions usually attached to Chinese loans were not different from those given by other countries in America and Europe. Folorunso Otukoya said the sovereignty clause was nothing more than collateral or guarantee protecting China’s interest in the loan transaction with Nigeria. He said, “What they are calling sovereignty clause is nothing more than collateral, it doesn’t mean they (China) would come and rule Nigeria.

Source: Punch August 19, 2020 01:41 UTC