Specifically, the stakeholders are worried that the terms of the contracts signed with Chinese firms and the agreements for most of the loans obtained are shrouded in secrecy. They are also demanding to know the cost of the projects which is believed to have been inflated. According to him, the government must make details of contracts and loans available to show commitment to transparency and open data agreement. A professor of Economics, Segun Ajibola, said: “Given our issue with corruption, I don’t think the Chinese fit into our profile. Money for value is not also established and it is difficult to know how the contract is executed,” he said.

Source: The Guardian March 03, 2020 04:41 UTC