L
LequteMan
Guest
Nigeria signed a currency deal with China last week during President Muhammadu Buhari's visit to the Asian country. Here are the three biggest losers from the deal and why.
Related: The Biggest Winners of Nigeria's New Currency Deal With China
Source: BusinesMopol
- USA – The deal will see US continue to gradually lose its international market share to China. China has succeeded in eating deep into their share of the market as a result of several deals with the United Kingdom, Russia, India, and many other countries.
- IMF – The international monetary fund (IMF) has been wooing Nigeria to come take its loan which comes with several terms and conditions which some economist have said is not in the best interest of Nigeria but rather will make our economy worse than it is in the long run. Some also claimed most of the terms and conditions favours the western Countries more than it favours Nigeria.
- The Opposition Party: PDP has faulted so many claims in the recent deal with China, but China is bent to continue with the deal.
Related: The Biggest Winners of Nigeria's New Currency Deal With China
Source: BusinesMopol
Attachments
Last edited:
