China allegedly uses loans to sway Nigeria, according to the US

According to the U.S. government, China's loans to Nigeria could be used as a sway on that country's leadership.The Chinese government's loans to the powerful West African nations have raised concerns in the United States that China could exert influence on the Nigerian government.This was stated in the US Department of State's new Integrated Country Strategies (ICS) paper.The United States highlighted that these loans could unnecessarily increase Nigeria's debt load and ultimately strengthen China's hold on the Nigerian government. A loan issued to a borrower with a spotty or limited credit history is referred to as a subprime loan; as a result, such a loan is susceptible to higher-than-average interest rates. The document partly read, “Meanwhile, China offers sub-prime financing for a range of infrastructure projects, with the potential to add unnecessarily to Nigeria’s debt burden and increase Chinese influence over the Nigerian government.”