China loan a disguised colonisation ploy – Hassan Ayariga

Founder and leader of the All People’s Congress (APC), Hassan Ayariga has waded into discussions concerning the proposed $50billion century bond government intends to go for from that of the Chinese. Strongly chiding the government, Mr. Ayariga averred that the agreement which was signed with the sovereign country when the President visited is tactic by the Eastern Asian nation to

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The 2016 APC Presidential aspirant cited other countries which he claimed had fallen prey to the tactic by the Chinese government including two African countries.

“…Zimbabwe is the second African country to default and will soon hand over a national asset.

Lamu port in Kenya, which was constructed by China on a Chinese loan of $16 billion, will see Kenya default in 3 years’ time and the biggest port in east Africa and adjoining towns will be handed over to China for 99 years.

Kindly note that in all these loans, no single dollar cash was handed over to the countries involved. In all cases, China will execute & build the projects (as is being done in the Abuja metro line project), using Chinese materials, equipment, technicians, etc that are all imported from China.

But you owe and they patiently work underground for your default to pay back the loan, through their crafty manipulation and sabotage of your economy. After 15-25 years, they repossess your assets and now determine for the next 75 years your import rates (in case of Kenya) or rail charges (in case of Abuja, Nigeria)”, he lamented. He further stated that China’s strategies were coming to fruition because of the ignorance and selfish interests of leaders of the African countries.

“It’s rather pathetic how China is re-colonizing Africa by appealing to the ignorance and selfish interests of our leaders. Today, the Chinese are offering mouthwatering deals to Africa, both in cash transactions and the outmoded or rather defunct barter trade which seem very attractive on the outlook but dangerous in reality”.



On a recent visit to China, President, Nana Akufo-Addo and his host, Xi Jinping, signed eight (8) Co-operation Agreements and Memoranda of Understanding, in different sectors of their respective economies. The agreements also aimed at deepening the ties of co-operation and the bonds of friendship that exist between the two countries.



Chief among the deals was discussions to sign the $50 billion loan to be repaid in hundred years.