Newscoven
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Makinde Made My Fasola Dream A Reality -ex-Military Governor Popoola

    VIDEO: Makinde Made My Fasola Dream A Reality -ex-Military Governor Popoola

    Deaf Students Appeal To Makinde: 'Stop Politicians From Taking Over Our Land'

    Deaf Students Appeal To Makinde: ‘Stop Politicians From Taking Over Our Land’

    POCACOV Holds Children’s Day Celebration In Lagos

    POCACOV Holds Children’s Day Celebration In Lagos

    Nigeria, My Only Regret As I Turn 80 -Tola Adeniyi

    Nigeria, My Only Regret As I Turn 80 -Tola Adeniyi

    VIDEO: Makinde An Intentional Leader -Makanjuola, Jericho Mall Chairman

    VIDEO: Makinde An Intentional Leader -Makanjuola, Jericho Mall Chairman

    NSIB Begins Onsite Investigation Of Ilorin Aircraft Crash-Landing

    NSIB Begins Onsite Investigation Of Ilorin Aircraft Crash-Landing

    Oyo North PDP Re-affirms Makinde's Leadership

    Oyo North PDP Re-affirms Makinde’s Leadership

  • Entertainment
    Sanusi Becomes Sports Brand Ambassador In Malta

    Sanusi Becomes Sports Brand Ambassador In Malta

    Ilaji Holds Secondary School Basketball Competition

    Ilaji Holds Secondary School Basketball Competition

    My Life, My Trumpet -Ayomide Odunsi-IMO_TRUMP (SEE VIDEOS)

    INTERVIEW: My Life, My Trumpet -Ayomide Odunsi- IMO_TRUMP (SEE VIDEOS)

    Globacom Sponsors Premiere Of RMD’s Movie, Radio Voice 

    Globacom Sponsors Premiere Of RMD’s Movie, Radio Voice

    Christian Chukwu, Former National Football Team Captain, Dies @74

    Christian Chukwu, Former National Football Team Captain, Dies @74

    Eedris Abdulkareem Reacts As FG Bans His Song, Tell Your Papa (WATCH VIDEO)

    Eedris Abdulkareem Reacts As FG Bans Song, Tell Your Papa (WATCH VIDEO)

    Ghana Boxing Association (GBA) Confirms Deaths Of Nigerian Boxer, Olanrewaju

    Ghana Boxing Authority (GBA) Confirms Death Of Olanrewaju, Nigerian Boxer

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
Monday, June 2, 2025
No Result
View All Result
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Makinde Made My Fasola Dream A Reality -ex-Military Governor Popoola

    VIDEO: Makinde Made My Fasola Dream A Reality -ex-Military Governor Popoola

    Deaf Students Appeal To Makinde: 'Stop Politicians From Taking Over Our Land'

    Deaf Students Appeal To Makinde: ‘Stop Politicians From Taking Over Our Land’

    POCACOV Holds Children’s Day Celebration In Lagos

    POCACOV Holds Children’s Day Celebration In Lagos

    Nigeria, My Only Regret As I Turn 80 -Tola Adeniyi

    Nigeria, My Only Regret As I Turn 80 -Tola Adeniyi

    VIDEO: Makinde An Intentional Leader -Makanjuola, Jericho Mall Chairman

    VIDEO: Makinde An Intentional Leader -Makanjuola, Jericho Mall Chairman

    NSIB Begins Onsite Investigation Of Ilorin Aircraft Crash-Landing

    NSIB Begins Onsite Investigation Of Ilorin Aircraft Crash-Landing

    Oyo North PDP Re-affirms Makinde's Leadership

    Oyo North PDP Re-affirms Makinde’s Leadership

  • Entertainment
    Sanusi Becomes Sports Brand Ambassador In Malta

    Sanusi Becomes Sports Brand Ambassador In Malta

    Ilaji Holds Secondary School Basketball Competition

    Ilaji Holds Secondary School Basketball Competition

    My Life, My Trumpet -Ayomide Odunsi-IMO_TRUMP (SEE VIDEOS)

    INTERVIEW: My Life, My Trumpet -Ayomide Odunsi- IMO_TRUMP (SEE VIDEOS)

    Globacom Sponsors Premiere Of RMD’s Movie, Radio Voice 

    Globacom Sponsors Premiere Of RMD’s Movie, Radio Voice

    Christian Chukwu, Former National Football Team Captain, Dies @74

    Christian Chukwu, Former National Football Team Captain, Dies @74

    Eedris Abdulkareem Reacts As FG Bans His Song, Tell Your Papa (WATCH VIDEO)

    Eedris Abdulkareem Reacts As FG Bans Song, Tell Your Papa (WATCH VIDEO)

    Ghana Boxing Association (GBA) Confirms Deaths Of Nigerian Boxer, Olanrewaju

    Ghana Boxing Authority (GBA) Confirms Death Of Olanrewaju, Nigerian Boxer

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
No Result
View All Result
Newscoven
No Result
View All Result
Home Editorial | Discourse | Opinion

Nigeria For Sale: How China Is Buying A Nation Fighting Tribal Wars

Wole Arisekola by Wole Arisekola
May 22, 2025
in Editorial | Discourse | Opinion
Reading Time: 3 mins read
14 0
A A
0
Nigeria For Sale: How China Is Buying A Nation Fighting Tribal Wars
23
SHARES
287
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

While the Igbo, Yoruba, and Fulani continue to quarrel over political crumbs and tribal pride, a far more dangerous and silent conquest is taking place across Nigeria. It’s not waged with guns or tanks—but with pen strokes, bank loans, and real estate acquisitions. If nothing changes, in 15 years, the real landlords of Nigeria may not be Nigerians—they’ll be Chinese.

Across the South-West, Chinese nationals are purchasing land at an alarming rate. In cities and towns, Chinese investors are sealing land deals with little to no resistance. The very soil our ancestors fought to defend is being traded in quiet transactions, buried in legal paperwork and political indifference. At this rate, the day is coming when our children will be forced to rent their futures from foreign landlords.

The Abuja-Kaduna railway gleams like a badge of progress, but few Nigerians know what lies beneath the steel and cement—a spider web of hidden loan agreements, sovereignty waivers, and debt traps. What was presented as development is looking more like a masterclass in quiet colonisation. China has made itself indispensable to Nigeria’s infrastructure: roads, railways, power plants, airport terminals—all courtesy of Chinese financing. But what are we mortgaging in return?

Investigations by The Streetjournal reveal alarming clauses tucked inside loan agreements—clauses that allow China to take over key national assets in the event of default. One such clause, signed under the Jonathan administration, practically waives Nigeria’s sovereign immunity. In other words, if we default, China has legal grounds to claim what it financed.

RelatedPosts

Professor Ẹníkànlómọ̀n and the Distressed Nigeria’s Public University

North Cries of Hunger, South Learns To Farm: The Turning Point Nigeria Ignored

Makinde And General Knowledge Questions Of The Future

The major problem with our indebtedness to the Chinese government is that most of the loans collected on behalf of Nigerians ended up in private pockets. Let me stir your thoughts with a particular contract that was bid for at the Nigerian National Petroleum Company Limited (NNPCL) during the tenure of a former Group Managing Director of the company.

I remember clearly that the company which won the contract proposed $1.4 billion, yet, surprisingly, the same contract was awarded to the second bidder, who proposed a lesser-quality solution. Even more shockingly, the contract was awarded at a cost of $2.9 billion. An additional $400,000 was paid as a consultancy fee to a non-existent consultant.

Most of the contracts awarded in Nigeria were given to companies operated by the directors and permanent secretaries in those same ministries. They opened many company offices all over the country and awarded contracts to themselves by proxy.

These were loans borrowed in the name of Nigerian citizens from China. And we must repay them—both capital and interest—for the next 35 years. This is evil perpetrated by a few wicked public servants against their fellow citizens.

And with our public debt now ballooning beyond ₦97 trillion, default is no longer unthinkable—it’s a looming inevitability.

But it doesn’t end there. Step into any market—from Lagos to Enugu—and you’ll find shelves flooded with Chinese products: cheaper, mass-produced, and omnipresent. From electronics to kitchenware, phones to textiles, businesses in Nigerian can’t compete. Our once-booming manufacturing hubs in Aba, Kano, and Nnewi are being choked out of existence. We’re no longer producers—we’re middlemen hawking Chinese goods in Nigerian markets.

In construction, Chinese contractors dominate the Nigerian skyline. From roads to bridges, hospitals to high-rises, Chinese companies win the contracts, import the materials, and even fly in their own labour force. The jobs meant for Nigerians are handed over without a second thought. Our economy is being outsourced—and with it, our future.

So what does China want? Everything. Nigeria isn’t just another African country. It’s Africa’s largest market; its most oil-rich frontier and its most strategic geopolitical prize. With each new loan, each real estate purchase, each project takeover, China is embedding itself deeper into our national fabric. This is not a partnership. It is a slow-motion capture.

The political elite in Nigeria, meanwhile, is either complicit or completely clueless. Administration after administration has welcomed Chinese deals without transparency, accountability, or concern for long-term consequences. Loan terms are kept hidden. Oversight committees are neutered. Civil society is ignored. Nigeria is sleepwalking into servitude.

In 2008, I warned that Nigeria would become the Pakistan of Africa—torn apart by terrorism and lawlessness. That prediction was dismissed then, but today it reads like prophecy. Mark my words again: if we continue on this path, Nigeria will not be governed by her tribes—it will be owned by her creditors.

This is a battle for economic survival and national identity. We may repair roads and rebuild railways, but lose sovereignty? That’s a wound that may take generations to heal—if it can be healed at all.

The writing is on the wall. The question is: who among us is still willing to read it?

•Mogaji Arisekola writes from Ibadan.

author avatar
Wole Arisekola
Mogaji Arisekola writes from Ibadan
Tags: #Conquest#IneptLeadership#Neo-colonisation#SecondSlavery#SelfishPoliticalElite#TribalWarChinaNigeria
SendShare9Tweet6

Related Posts

Professor Ẹníkànlómọ̀n and the Distressed Nigeria’s Public University

Professor Ẹníkànlómọ̀n and the Distressed Nigeria’s Public University

by Wole Arisekola
June 2, 2025
0
62

Professor Eníkànlómọ̀n has been very devoted to his calling. He believes in developing future leaders, publishing in the best outlets...

North Cries of Hunger, South Learns To Farm: The Turning Point Nigeria Ignored

North Cries of Hunger, South Learns To Farm: The Turning Point Nigeria Ignored

by Wole Arisekola
June 2, 2025
0
58

"I thought, “So long as we maintain brotherly relations with the North, we’ll never go hungry.” After all, Niger State...

Makinde And General Knowledge Questions Of The Future

Makinde And General Knowledge Questions Of The Future

by Wole Arisekola
May 29, 2025
0
32

"Since general knowledge questions are not only about who ruled when or where, but more about who accomplished what and...

ICT | Science | Technology

Expert Calls For Recognition Of Achievements Of Women Engineers

Expert Seeks Recognition Of Achievements Of Women Engineers

June 1, 2025
45
FG, Globacom, Huawei Bridge Digital Divide With Pilot Project In Abuja Village

FG, Globacom, Huawei Bridge Digital Divide With Pilot Project In Abuja Village

May 31, 2025
16
NCC Orders Service Providers To Inform Consumers About Major Outages

NCC Orders Service Providers To Inform Consumers About Major Network Outages

May 26, 2025
93
Goloka Analytics Partners Meta On African Language Technology Project

Goloka Analytics Partners Meta On African Language Technology Project

April 23, 2025
51
NCC Hosts Forum On Unutilized/Unclaimed Airtime, Data Recharges

NCC Hosts Forum On Unutilised, Unclaimed Airtime, Data Recharges

April 9, 2025
70
Prev Next

Health

When David Alaba Delivered On SGD 6

When David Alaba Delivered On SDG 6

September 16, 2022
518

Oyo Government Restates Commitment To Citizens’ Wellbeing

October 31, 2023
69

PHOTO NEWS: Makinde Commissions Health Facilities

June 12, 2022
278

Family Physicians, Backbone Of Healthcare System -Chairman, Osun SOFPON

May 19, 2024
74

Cholera: Nigeria Records 31,425 Suspected Cases, 816 Deaths In 7 Months •51% Males; 49% Females •Bauchi Worst Hit With 11,375 Cases

August 11, 2021
366

UCH Fire Outbreak: CMD Assures Of Safety Of Lives And Property

August 19, 2023
89
Prev Next
Newscoven

NewsCoven.com is an independent and unbiased online news medium determined to take a holistic approach to reportage of events, covering all spheres of human activities, with refreshed zeal and vigour.

Contact: +234-805-732-0978

Categories

  • Achievers | Appointments
  • Agriculture
  • Analysis
  • Arts | Book Review
  • Banking & Finance
  • Business
  • Church
  • Crime | Court | Judiciary | Security
  • Culture | Religion
  • Editorial | Discourse | Opinion
  • Education
  • Energy | Oil & Gas
  • Entertainment | Sports
  • Environment | Community | Eye Report | Metro
  • Feature
  • Health
  • Hotels | Travels | Tourism
  • ICT | Science | Technology
  • Interviews
  • Islam
  • News
  • Peoples | Events
  • Politics
  • Reflections With Dapo Falade
  • Science
  • Uncategorized
  • Woman's Essence by Motunrayo Busari
  • World

Recent News

Professor Ẹníkànlómọ̀n and the Distressed Nigeria’s Public University

Professor Ẹníkànlómọ̀n and the Distressed Nigeria’s Public University

June 2, 2025
North Cries of Hunger, South Learns To Farm: The Turning Point Nigeria Ignored

North Cries of Hunger, South Learns To Farm: The Turning Point Nigeria Ignored

June 2, 2025
Makinde Made My Fasola Dream A Reality -ex-Military Governor Popoola

VIDEO: Makinde Made My Fasola Dream A Reality -ex-Military Governor Popoola

June 2, 2025

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • About Us
  • Advertisement
  • Breaking News | Latest Nigerian News Today
  • Checkout
  • Contact Us
  • Disclaimer
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms of Use

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.