US, UK, ANGOLA, ETHIOPIA RATES MOST INDEBTED COUNTRIES

Most Indebted Nations in the world, 

Borrowing is regarded as an economic culture some countries around the world adopt to build infrastructure, and develop ministries, departments, and agencies.

In fact, according to a personal finance freelance writer and journalist, Garrett Parker, debt is not just needed for survival, it is seen as "a common function of all working economies."

Nations outside and within Africa have massive debt profiles that will take even more than decades to offset.

Surprisingly, Nigeria stands at number eight ($4.8 billion) among the top 10 African nations owing China.

President Buhari

As at 2017, Nigeria was owing China the sum of $4.8 billion.

Below is the list of 20 most indebted nations across the world and African countries' debts to China:

USA ($18,286 trillion)

UK ($7,499 trillion)

France ($5,250 trillion)

Germany ($5,084 trillion)

Netherland ($4,124 trillion)

Luxembourg ($3,900 trillion)

Japan ($3,408 trillion)

Italy ($2,285 trillion)

Ireland ($2,236 trillion)

Spain ($2,036 trillion)

Canada ($1,791 trillion)

Switzerland ($1,699 trillion)

Australia ($1,563 trillion)

China ($1,437 trillion)

China Hong Kong ($1,416 trillion)

Singapore ($1,300 trillion)

Belgium (($1,194 trillion)

Sweden ($938 billion)

Austria ($629 billion)

Norway ($623 billion)

Top 10 most indebted African nations to China

Angola ($25 billion)

Ethiopia ($13.5 billion)

Kenya ($7.9 billion)

Republic of Congo ($7.5 billion)

Sudan ($6.4 billion)

Zambia ($6.5 billion)

Cameroon ($5.5 billion)

Nigeria ($4.8 billion)

Ghana ($3.5 billion)

DR. Congo ($3.4 billion)