This research therefore seeks to establish the implications of Chinese debts on Nigeria. The qualitative mechanism of data collection and analysis is applied while dependency theory served as theoretical framework of analysis. The paper found that contrary to the win-win orientation of China’s Nigerian policy, the Sino-Nigeria economic relation is fraught with trade imbalance in favour of China. It equally found that necessary ingredients of transparency and open competitive biddings are lacking in external borrowings from China which does not fundamentally aid Nigeria’s development read more..