This report examines China’s inflows into Nigeria using the Constructive Capital-Corrosive Capital framework and compares them to financing sources like the African Development Bank (AfDB). While Chinese financing has aided Nigeria’s infrastructure development, the report highlights issues with transparency, accountability, negative impacts on the market, human rights, and democratic governance. It is crucial to address these negative issues to neutralize the corrosive effect of capital inflows.
Published Date: March 15, 2024