The Socio-Economic Rights and Accountability Project (SERAP) has urged the 36 governors and the FCT Minister, Nyesom Wike to disclose details of any Chinese loans, liabilities, and other external borrowing obtained, and guaranteed by the Federal Government as well the terms and conditions for any such borrowing including the provisions on collateral.

The group disclosed this in a statement by its deputy director, Kolawole Oluwadare.

Oluwadare petitioned them to “provide details of the repayment obligations regarding any Chinese loans, liabilities and other external borrowing obtained and guaranteed by the Federal Government, the interest rates on the loans, and any defaults, debt restructurings, and debt exposure to China and other creditors.”

According to the statement, the regional governments should “clarify any investment agreements with Chinese companies and repayment histories of any loans, liabilities and facilities obtained from China and other external creditors and guaranteed by the Federal Government.”