Angry over Nigeria’s continued recognition of Taiwan as a sovereign nation, China may withhold part of the $29.9bn loans on which Nigeria partly pins its hope of financing next year.
The Nation reports that China is upset by the Federal Government’s diplomatic recognition of Taiwan as a sovereign nation.
The “cold war” over Taiwan may also affect the implementation of the $80 billion MoU between the Nigerian National Petroleum Corporation (NNPC) and China.