US warns Nigeria over loans from China

The United States Secretary of State, Rex Tillerson, on Thursday
warned African countries about receiving loan facilities from the
Chinese government.

Tillerson advised that loans from China should be weighed carefully
and admitted that Washington was not trying to keep Chinese investment
away from African continent.

On Tuesday, Tillerson said China "encouraged dependency, utilised
corrupt deals and endangered Africa's natural resources."

On Thursday, during his first trip to Africa, the US diplomat told a
news conference in Addis Ababa, Ethiopia, that African leaders need to
carefully consider their agreements with China.

"We are not in any way attempting to keep Chinese 'dollars' from
Africa. But it is important that African countries carefully consider
the terms of those agreements and not forfeit their sovereignty."

Tillerson added that Chinese investments, "do not bring significant
job creation locally" and criticised how the country structures loans
to African governments, saying if a government accepts a Chinese loan
and "gets into trouble", it can "lose control of its own
infrastructure or its own resources through default."

He is also billed to visit Nigeria.

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