He is making valid point, but it is harder for Nigerians and I'll explain.
A Chinese neighbour told my Dad she needed N2billion naira loan and wanted to know how she could access it. My dad told her to go to the bank. She said the interest rate was too high that she would rather fly to China to get it at 2%. That is N40m on N2b
How do you compete with that? Most Nigerians don't have that leverage.