Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,159,290 members, 7,839,435 topics. Date: Friday, 24 May 2024 at 07:09 PM

Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China (26780 Views)

Youths Boo Ozekhome At Gani Fawehinmi Lecture / A Bigger Gani Fawehinmi's Statue Erected At Ojota (Photo) / Feyi Fawehinmi: I’m Sorry If I Convinced Anyone To Vote For This Government (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Kainene77: 7:23pm On Apr 17, 2016
Volksfuhrer:


Stop being naive! Trade and diplomatic relations between two states doesn't necessarily imply friendship.

A question for you wise one: does the U.S trade with China? I believe the answer to that is 'yes'. Yet China has no pretensions about the U.S as her number one enemy. Does that answer your question.

Where did you get that from? grin grin grin


And one more thing, when I used the term "the West" I was not referring to the U.S alone. I included all Western countries and their institutions of oppression (and neo-colonization) like the IMF, World Bank, NATO, etc.

You are aware of the fact that the IMF consists of 188 countries - Western and non-Western with China being an influential and active member, don't you? The Yuan has just been included into its reserves.

1 Like

Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by aresa: 7:34pm On Apr 17, 2016
banmee:


That is not what they are telling you. They see what you all don't want to acknowledge. The mentality of Nigerians cannot make it work because of corruption. It does not matter what great policies you put in place, corruption will destroy it. Just because western economies do it and it works for them, does not mean it will work for Nigeria.


The fact that we've experienced bad leadership and corruption in the past doesn't mean we can not move away from it or stop it.

The fact that past politicians like the last PDP admin stole $20 billion power funds and left us in

Until PMB, corrupt people walk away with their loot and never charged with anything, but not today, many are on trial for corruption even the number 3 Nigerian official.

We are already winning simply because we are not bleeding because of corruption like a little over a year ago, our funds agencies used to pocket of divert now goes into our federal account, TSA is over N3 trillion in savings.

This time last year, we did not have N3 trillion

Things are changing and it's obvious even thought for obvious political reasons, tribalism or bigotry many of you can not see it which I do understand.




For example. The western world has refineries. So does Nigeria. Do the ones in Nigeria function? Nigeria has roads. So does the western world. Are the roads in Nigeria pliable? The western world has power generating means. So does Nigeria. When last did you have 24hr uninterrupted power supply? Nigerians have good ideas but lack the knowledge, will, or virtue to make anything worthwhile work. Corruption is the bane of the country


The fact that we've experienced incompetency and people letting our infrastructures rot and decay doesn't mean we can not change our bad ways and in fact, our refineries are coming back to life as we speak.

The fact that past leaders and the last PDP admin stole $20 billion power funds doesn't mean we can not move away from all that or do better.

A new 300MW solar power plant is part of the President's China deal. Yes, other leaders crippled us, but other leaders are now rescuing us.


Your doom and gloom negativity about you own country doesn't alter the fact that we are progressing and making changes.

Your backward views is not our current realities..

1 Like

Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 7:59pm On Apr 17, 2016
aresa:



The fact that we've experienced bad leadership and corruption in the past doesn't mean we can not move away from it or stop it.

The fact that past politicians like the last PDP admin stole $20 billion power funds and left us in

Until PMB, corrupt people walk away with their loot and never charged with anything, but not today, many are on trial for corruption even the number 3 Nigerian official.

We are already winning simply because we are not bleeding because of corruption like a little over a year ago, our funds agencies used to pocket of divert now goes into our federal account, TSA is over N3 trillion in savings.

This time last year, we did not have N3 trillion

Things are changing and it's obvious even thought for obvious political reasons, tribalism or bigotry many of you can not see it which I do understand.







The fact that we've experienced incompetency and people letting our infrastructures rot and decay doesn't mean we can not change our bad ways and in fact, our refineries are coming back to life as we speak.

The fact that past leaders and the last PDP admin stole $20 billion power funds doesn't mean we can not move away from all that or do better.

A new 300MW solar power plant is part of the President's China deal. Yes, other leaders crippled us, but other leaders are now rescuing us.


Your doom and gloom negativity about you own country doesn't alter the fact that we are progressing and making changes.

Your backward views is not our current realities..


If i had a nickel for every time i heard the bold statement you made i'd be a billionaire by now. You all don't learn from history and by not doing so are doomed to make the mistake of the past. It is not what i wish for you all, but by your actions and in-actions, it is what you wish for yourselves. Like i said before, you cannot maintain a university toilet and you are proposing maintaining a a partnership with an economic giant. It's all well and good that you are trying to make changes, but in what order? You have thieves running every facet of the economy and you are bringing new ideas to change things. Since you lack the capacity to perceive what is happening, i will endeavour to educate you a little. The 300MW solar power plant will be a flop because you don't have a maintenance culture. You haven't even figured out how to provide regular power supply with what you have and you are delving into a more complicated source or energy. See my point? you all love to put the cart before the horse. I will not say because of patriotism i will be blind, deaf and dumb to the facts on ground. The sooner you wake up to your reality the better for you. Wishing for changes is not the same as actually making changes.

1 Like

Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Kay17: 8:19pm On Apr 17, 2016
Flets:
Why do Nigerians refuse to reason beyond their noses?

In a case of currency swap (lets say 1bn yuan swaps for 30bn naira), what would china be doing with the naira? What Nigerian export would they be paying for using the naira?

Obviously china would not be swapping for a naira at a rate less than global exchange rate..... rather it would be at a higher exchange rate.

What is Buhari's fall back plan at tackling what is coming his way from the west? The power play behind petro-dollar is beyond demand and supply.... no developing nation has survived it.

What is Buhari's plan in terms of diplomacy? Screaming anti-west rants on NL can't save Nigeria if the west is really against this move.


Naira can be used for raw materials like palm oil and other agricultural produce. Chinese industry will need something aside from oil. Besides direct investment will require Naira too.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by aresa: 9:23pm On Apr 17, 2016
banmee:


If i had a nickel for every time i heard the bold statement you made i'd be a billionaire by now. You all don't learn from history and by not doing so are doomed to make the mistake of the past. It is not what i wish for you all, but by your actions and in-actions, it is what you wish for yourselves. Like i said before, you cannot maintain a university toilet and you are proposing maintaining a a partnership with an economic giant. It's all well and good that you are trying to make changes, but in what order? You have thieves running every facet of the economy and you are bringing new ideas to change things. Since you lack the capacity to perceive what is happening, i will endeavour to educate you a little. The 300MW solar power plant will be a flop because you don't have a maintenance culture. You haven't even figured out how to provide regular power supply with what you have and you are delving into a more complicated source or energy. See my point? you all love to put the cart before the horse. I will not say because of patriotism i will be blind, deaf and dumb to the facts on ground. The sooner you wake up to your reality the better for you. Wishing for changes is not the same as actually making changes.



banmee:


Like I said before, Nigerians too mumu and deserve to suffer.


banmee:
Nigerians are just too s.tupid. They support jungle justice but complain about this. This is what happens when people have no value for human life.


banmee:


Wrong. I am not Nigerian. Not anymore at least.



When people talk crazy and utter absurd and ridiculous views, I always go back to their past views and with the above quotes of yours especially the last one saying you are not a Nigerian, there's absolutely no reason for me to engage you in any discussion about Nigeria.

Feel free to take your self defeatist, doom and gloom and apocalyptic mentality and views elsewhere, this is about Nigeria and Nigerians, not anti Nigerian elements and non Nigerians.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Flets: 9:26pm On Apr 17, 2016
Kay17:


Naira can be used for raw materials like palm oil and other agricultural produce. Chinese industry will need something aside from oil. Besides direct investment will require Naira too.

Over 80% of our gross imports is from china running into billions of dollars on a monthly basis. What are we exporting to china to balance payments of that magnitude.

And pls dont mention palm oil, we do less than $5m dollars monthly of that...... and not even to china. Besides ..... what final product does palm oil form a raw material for in China?

1 Like

Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 9:43pm On Apr 17, 2016
aresa:

When people talk crazy and utter absurd and ridiculous views, I always go back to their past views and with the above quotes of yours especially the last one saying you are not a Nigerian, there's absolutely no reason for me to engage you in any discussion about Nigeria.

Feel free to take your self defeatist, doom and gloom and apocalyptic mentality and views elsewhere, this is about Nigeria and Nigerians, not anti Nigerian elements and non Nigerians


You see how deranged you mentality is? You take my comments out of context leaving out the actual comments i responded to. I wonder why you did that? Oh i get it. Because my comments would make sense that way and you are trying all your best to make your views relevant but alas it still isn't.

1. When i said that Nigerians deserve to suffer i meant it. You deserve to suffer when you don't learn from past mistakes.

2. When i said "Nigerians are just too s.tupid. They support jungle justice but complain about this. This is what happens when people have no value for human life", i meant that too. How can you protest when a principal flogs a student to the point of scaring a child for life and yet support murdering a suspect in cold blood. The rationale escapes me.

3. When i said "Wrong. I am not Nigerian. Not anymore at least", I meant that as well. Who want's to associate themselves with morally corrupt people. I worked hard to change my mentality and Nationality. You are just a source of entertainment and a reminder to me of how phucked up where i came from is. Plus, you failed to expand on the thread you got this from. It goes back to what i was saying about you all not having a maintenance culture. https://www.nairaland.com/2998182/dangerous-crack-below-oworo-ogudu-bridge/3#43907075
You cannot maintain a bridge, how in God's name can you maintain solar power. Bros, I hope for your sake your ignorance will not destroy you.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by onatisi(m): 10:10pm On Apr 17, 2016
The op is simply asking one very simple question and the question is"how much is been swapped?"
From all indications ....
Noone knows except buhari and his friends
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Volksfuhrer(m): 10:56pm On Apr 17, 2016
Kainene77:


Where did you get that from? grin grin grin


You are aware of the fact that the IMF consists of 188 countries - Western and non-Western with China being an influential and active member, don't you? The Yuan has just been included into its reserves.




Did you just ask me where I got that from?(!) Are you kidding me?

China fought two proxy wars with the U.S in Korea and later in Vietnam, and you think the Chinese have forgotten! Since those two wars, the U.S government has done everything to undermine the Communist Party in China. So you think all is forgiven because Chinese goods flood the U.S markets. Even as we speak right now, another proxy war with the U.S is probably looming over the South China Sea!


Your argument about China being an influential member of the IMF is ludicrous because Western countries have been "appointing" the chief executives of this institution for ages. The United States and some Western countries for instance have over 40 percent of the controlling shares in the IMF and the World Bank. In fact, these two institutions operate as extensions of the U.S government foreign policy!

Your international politics truly sucks. Gherhrarahier meehn! grin
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Kainene77: 11:14pm On Apr 17, 2016
Volksfuhrer:


Did you just ask me where I got that from?(!) Are you kidding me?

China fought two proxy wars with the U.S in Korea and later in Vietnam, and you think the Chinese have forgotten! Since those two wars, the U.S government has done everything to undermine the Communist Party in China. So you think all is forgiven because Chinese goods flood the U.S markets. Even as we speak right now, another proxy war with the U.S is probably looming over the South China Sea!

So you actually think that when two countries fought wars in the past then they must be eternal enemies? grin
So Germany still hates France and Great Britain because the defeated Hitler more than half a century ago?
So you think that Spain hates Great Britain because Queen Elizabeth I defeated the Spanish King?

grin grin grin grin grin

President Obama and president Xi have met recently to discuss the South China Sea conflict as Obama is concerned that the conflict may escalate but he certainly did not challenge China on this issue. Moreover, China and USA are close allies in opposition to North Korea''s nuclear program.

Gosh!

Your argument about China being an influential member of the IMF is ludicrous because Western countries have been "appointing" the chief executives of this institution for ages. The United States and some Western countries for instance have over 40 percent of the controlling shares in the IMF and the World Bank. In fact, these two institutions operate as extensions of the U.S government foreign policy!

Those who pay more, have more votes. Fair enough. And it does not change the fact that the IMF consists of 188 member states so who exactly has been sabotaging the development in Africa? The whole world? grin grin grin


Your international politics truly sucks. Gerhrarahier meehn! grin

When people run out of arguments ...

1 Like

Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by aresa: 11:15pm On Apr 17, 2016
[s]
banmee:



You see how deranged you mentality is? You take my comments out of context leaving out the actual comments i responded to. I wonder why you did that? Oh i get it. Because my comments would make sense that way and you are trying all your best to make your views relevant but alas it still isn't.

1. When i said that Nigerians deserve to suffer i meant it. You deserve to suffer when you don't learn from past mistakes.

2. When i said "Nigerians are just too s.tupid. They support jungle justice but complain about this. This is what happens when people have no value for human life", i meant that too. How can you protest when a principal flogs a student to the point of scaring a child for life and yet support murdering a suspect in cold blood. The rationale escapes me.

3. When i said "Wrong. I am not Nigerian. Not anymore at least", I meant that as well. Who want's to associate themselves with morally corrupt people. I worked hard to change my mentality and Nationality. You are just a source of entertainment and a reminder to me of how phucked up where i came from is. Plus, you failed to expand on the thread you got this from. It goes back to what i was saying about you all not having a maintenance culture. https://www.nairaland.com/2998182/dangerous-crack-below-oworo-ogudu-bridge/3#43907075
You cannot maintain a bridge, how in God's name can you maintain solar power. Bros, I hope for your sake your ignorance will not destroy you.
















[/s]





aresa:

When people talk crazy and utter absurd and ridiculous views, I always go back to their past views and with the above quotes of yours especially the last one saying you are not a Nigerian, there's absolutely no reason for me to engage you in any discussion about Nigeria.
Feel free to take your self defeatist, doom and gloom and apocalyptic mentality and views elsewhere, this is about Nigeria and Nigerians, not anti Nigerian elements and non Nigerians.



No need to keep wasting my breath on gloom and doomy self defeatists with lazy mentality and can't do this and that spirit.

People like you are dead weight and major drag on humanity.

I'm a Nigerian and I believe in Nigeria, my country to rise above the sorry and decayed past you burried yourself and your existence in.


Find other non Nigerians and anti Nigerian elements like you to exchange sad and pathetic views with..
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 11:25pm On Apr 17, 2016
aresa:
[s][/s]

No need to keep wasting my breath on gloom and doomy self defeatists with lazy mentality and can't do this and that spirit.

People like you are dead weight and major drag on humanity.

I'm a Nigerian and I believe in Nigeria, my country to rise above the sorry and decayed past you burried yourself and your existence in.


Find other non Nigerians and anti Nigerian elements like you to exchange sad and pathetic views with..

Lol.....SMH. You are not the first Nigerian to believe in Nigeria. And that is all they had. The belief. They forgot other ingredients though like common sense, duty, honesty, mentality, trust. As if belief alone can put a nation on track. And you might want to look in the mirror to see what a lazy mentality looks like. Your mind is too dull to to effect any change in Nigeria. You all will keep repeating the mistakes of the past with people like you as the future of the country. From the way you comment i think you see yourself as someone who probably outwits dull NL's on a good day. You've met you superior today.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by aresa: 11:26pm On Apr 17, 2016
[s]
banmee:


Lol.....SMH. You are not the first Nigerian to believe in Nigeria. And that is all they had. The belief. They forgot other ingredients though like common sense, duty, honesty, mentality, trust. As if belief alone can put a nation on track. And you might want to look in the mirror to see what a lazy mentality looks like. Your mind is too dull to to effect any change in Nigeria. You all will keep repeating the mistakes of the past with people like you as the future of the country. From the way you comment i think you see yourself as someone who probably outwits dull NL's on a good day. You've met you superior today.
[/s]





No need to keep wasting my breath on gloom and doomy self defeatists with lazy mentality and can't do this and that spirit.
People like you are dead weight and major drag on humanity.
I'm a Nigerian and I believe in Nigeria, my country to rise above the sorry and decayed past you burried yourself and your existence in.
Find other non Nigerians and anti Nigerian elements like you to exchange sad and pathetic views with..
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 11:28pm On Apr 17, 2016
aresa:
[s][/s]





No need to keep wasting my breath on gloom and doomy self defeatists with lazy mentality and can't do this and that spirit.
People like you are dead weight and major drag on humanity.
I'm a Nigerian and I believe in Nigeria, my country to rise above the sorry and decayed past you burried yourself and your existence in.
Find other non Nigerians and anti Nigerian elements like you to exchange sad and pathetic views with..

Lol.....SMH. You are not the first Nigerian to believe in Nigeria. And that is all they had. The belief. They forgot other ingredients though like common sense, duty, honesty, mentality, trust. As if belief alone can put a nation on track. And you might want to look in the mirror to see what a lazy mentality looks like. Your mind is too dull to to effect any change in Nigeria. You all will keep repeating the mistakes of the past with people like you as the future of the country. From the way you comment i think you see yourself as someone who probably outwits dull NL's on a good day. You've met you superior today.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by amanikondo: 11:40pm On Apr 17, 2016
In contrast, Dangote did get a $2bn expansion loan from ICBC and this was announced.

Why not 2Billion Yuan? Because Yuan is useless.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by aresa: 12:01am On Apr 18, 2016
[s]
banmee:


Lol.....SMH. You are not the first Nigerian to believe in Nigeria. And that is all they had. The belief. They forgot other ingredients though like common sense, duty, honesty, mentality, trust. As if belief alone can put a nation on track. And you might want to look in the mirror to see what a lazy mentality looks like. Your mind is too dull to to effect any change in Nigeria. You all will keep repeating the mistakes of the past with people like you as the future of the country. From the way you comment i think you see yourself as someone who probably outwits dull NL's on a good day. You've met you superior today.
[/s]





aresa:

No need to keep wasting my breath on gloom and doomy self defeatists with lazy mentality and can't do this and that spirit.
People like you are dead weight and major drag on humanity.
I'm a Nigerian and I believe in Nigeria, my country to rise above the sorry and decayed past you burried yourself and your existence in.
Find other non Nigerians and anti Nigerian elements like you to exchange sad and pathetic views with..
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 12:04am On Apr 18, 2016
aresa:
[s][/s]


l.....SMH. You are not the first Nigerian to believe in Nigeria. And that is all they had. The belief. They forgot other ingredients though like common sense, duty, honesty, mentality, trust. As if belief alone can put a nation on track. And you might want to look in the mirror to see what a lazy mentality looks like. Your mind is too dull to to effect any change in Nigeria. You all will keep repeating the mistakes of the past with people like you as the future of the country. From the way you comment i think you see yourself as someone who probably outwits dull NL's on a good day. You've met you superior today.




Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by vivaciousvivi(f): 12:05am On Apr 18, 2016
goodlifehyd1:
Imagine some ignoramus who knows nothing about how things like this works opening different threads to spit poo just because of the hatred they got for this administration. The same swap they've been wailing about that is bad for Nigeria is the same swap the UK that colonized Nigeria had done since 2012 they even renewed their agreement and increased the amount swapped last year and one tout from ekiti is busy writing mumu letter just to make his gullible followers have something to say
May God bless you for your comment.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by aresa: 12:19am On Apr 18, 2016
[s][
banmee:

Lol.....SMH. You are not the first Nigerian to believe in Nigeria. And that is all they had. The belief. They forgot other ingredients though like common sense, duty, honesty, mentality, trust. As if belief alone can put a nation on track. And you might want to look in the mirror to see what a lazy mentality looks like. Your mind is too dull to to effect any change in Nigeria. You all will keep repeating the mistakes of the past with people like you as the future of the country. From the way you comment i think you see yourself as someone who probably outwits dull NL's on a good day. You've met you superior today.



[/s]



aresa:

No need to keep wasting my breath on gloom and doomy self defeatists with lazy mentality and can't do this and that spirit.
People like you are dead weight and major drag on humanity.
I'm a Nigerian and I believe in Nigeria, my country to rise above the sorry and decayed past you burried yourself and your existence in.
Find other non Nigerians and anti Nigerian elements like you to exchange sad and pathetic views with..
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 12:23am On Apr 18, 2016
aresa:
[s][



l.....SMH. You are not the first Nigerian to believe in Nigeria. And that is all they had. The belief. They forgot other ingredients though like common sense, duty, honesty, mentality, trust. As if belief alone can put a nation on track. And you might want to look in the mirror to see what a lazy mentality looks like. Your mind is too dull to to effect any change in Nigeria. You all will keep repeating the mistakes of the past with people like you as the future of the country. From the way you comment i think you see yourself as someone who probably outwits dull NL's on a good day. You've met you superior today.



Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by aresa: 12:51am On Apr 18, 2016
[s]
banmee:


Lol.....SMH. You are not the first Nigerian to believe in Nigeria. And that is all they had. The belief. They forgot other ingredients though like common sense, duty, honesty, mentality, trust. As if belief alone can put a nation on track. And you might want to look in the mirror to see what a lazy mentality looks like. Your mind is too dull to to effect any change in Nigeria. You all will keep repeating the mistakes of the past with people like you as the future of the country. From the way you comment i think you see yourself as someone who probably outwits dull NL's on a good day. You've met you superior today.
[/s]





aresa:
[s][/s]
No need to keep wasting my breath on gloom and doomy self defeatists with lazy mentality and can't do this and that spirit.
People like you are dead weight and major drag on humanity.
I'm a Nigerian and I believe in Nigeria, my country to rise above the sorry and decayed past you burried yourself and your existence in.
Find other non Nigerians and anti Nigerian elements like you to exchange sad and pathetic views with..




Doom and gloomy anti nigerians loser, you ran out of your pathetic doom and gloom rant?

... Non Nigerian loser still dying over Nigerian issues...how pathetic and confused some of you losers are... grin
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 1:06am On Apr 18, 2016
aresa:
[s][/s]










Doom and gloomy anti nigerians loser, you ran out of your pathetic doom and gloom rant?

... Non Nigerian loser still dying over Nigerian issues...how pathetic and confused some of you losers are... grin

I told you that you are a source of entertainment and means for me not to forget how phucked where i came from is. Wake up from your psychosis. Also, You started the cut and paste now all of a sudden you realise that is a wrong move. I told you you've met your superior today. LWKMD grin
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by ernieboy(m): 1:14am On Apr 18, 2016
banmee:



You see how deranged you mentality is? You take my comments out of context leaving out the actual comments i responded to. I wonder why you did that? Oh i get it. Because my comments would make sense that way and you are trying all your best to make your views relevant but alas it still isn't.

1. When i said that Nigerians deserve to suffer i meant it. You deserve to suffer when you don't learn from past mistakes.

2. When i said "Nigerians are just too s.tupid. They support jungle justice but complain about this. This is what happens when people have no value for human life", i meant that too. How can you protest when a principal flogs a student to the point of scaring a child for life and yet support murdering a suspect in cold blood. The rationale escapes me.

3. When i said "Wrong. I am not Nigerian. Not anymore at least", I meant that as well. Who want's to associate themselves with morally corrupt people. I worked hard to change my mentality and Nationality. You are just a source of entertainment and a reminder to me of how phucked up where i came from is. Plus, you failed to expand on the thread you got this from. It goes back to what i was saying about you all not having a maintenance culture. https://www.nairaland.com/2998182/dangerous-crack-below-oworo-ogudu-bridge/3#43907075
You cannot maintain a bridge, how in God's name can you maintain solar power. Bros, I hope for your sake your ignorance will not destroy you.
















What exactly do you know about solar energy from an engineering standpoint? What makes you think it is much more complicated than hydro or thermal generation? As a matter of fact solar generation (using solar panels) is much less complicated than other forms of power generation. It can even be deployed at community levels thereby reducing the stress on our aging transmission lines. The only downside is the cost.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 1:25am On Apr 18, 2016
ernieboy:

What exactly do you know about solar energy from an engineering standpoint? What makes you think it is much more complicated than hydro or thermal generation? As a matter of fact solar generation (using solar panels) is much less complicated than other forms of power generation. It can even be deployed at community levels thereby reducing the stress on our aging transmission lines. The only downside is the cost.

I don't know that much, but i know that hydro generation is more efficient than solar powered generation. For Maintenance solar is more complicated because of it's fragility. Either way, from past actions Nigeria cannot maintain both. It is still unable to maintain a sturdier system it is delving into one that needs constant maintenance.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Nobody: 5:12am On Apr 18, 2016
Flets:
Why do Nigerians refuse to reason beyond their noses?

In a case of currency swap (lets say 1bn yuan swaps for 30bn naira), what would china be doing with the naira? What Nigerian export would they be paying for using the naira?

Obviously china would not be swapping for a naira at a rate less than global exchange rate..... rather it would be at a higher exchange rate.

What is Buhari's fall back plan at tackling what is coming his way from the west? The power play behind petro-dollar is beyond demand and supply.... no developing nation has survived it.

What is Buhari's plan in terms of diplomacy? Screaming anti-west rants on NL can't save Nigeria if the west is really against this move.


China can always buy Nigeria's oil with the Naira thereby recirculating the Naira back to Nigeria.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Volksfuhrer(m): 6:08am On Apr 18, 2016
Kainene77:


So you actually think that when two countries fought wars in the past then they must be eternal enemies? grin
So Germany still hates France and Great Britain because the defeated Hitler more than half a century ago?
So you think that Spain hates Great Britain because Queen Elizabeth I defeated the Spanish King?

grin grin grin grin grin

President Obama and president Xi have met recently to discuss the South China Sea conflict as Obama is concerned that the conflict may escalate but he certainly did not challenge China on this issue. Moreover, China and USA are close allies in opposition to North Korea''s nuclear program.

Gosh!



Those who pay more, have more votes. Fair enough. And it does not change the fact that the IMF consists of 188 member states so who exactly has been sabotaging the development in Africa? The whole world? grin grin grin




When people run out of arguments ...

Yawns.

Your attempt to make a straw man out of my arguments falls flat on its face. The fundamental reason that made China to fight 2 proxy wars with the U.S is still there. Despite the reforms China has made in recent times, China is still a communist state! The moment China begins to run a western style capitalism and democracy, China may no longer see the U.S as a major threat. So the examples you gave about Britain, Spain, Germany and France are abysmally wrong! The last time I checked, Germany was no longer a fascist state: the Nazi's are long gone.

I'm sorry you are the one who ran out arguments.

How more sordid can your logic go? You agree that Western countries have more votes in the IMF, but you aren't sure whether the West control the IMF because it has 188 member states! Jesus!

You also stated that "China and the U.S are close allies in opposition to North Korea's Nuclear program". Damn!!! Who exactly do you think has been undermining UN sanctions against North Korea all these years? If you don't know it's China, then you are out of your depths. The West have always known this, except you. China might be miffed at the bogus display of North Korea's ballistic missile tests, but she's not opposed to a secret North Korea's Nuclear program. China is North Korea's godfather!


It's amazing that you don't know the difference between posturing and real intent.
Yes, it's true that China promised to 'monitor' new rounds of sanctions against North Korea: but that's just B.S posturing! You stated that Obama met with Xi over the conflict in the South China Sea, that it could escalate! But Obama did not challenge Xi over the issue. Yet, as we speak the U.S government has continued to ramp up military deployments of troops and hardware in and around the South China Sea to confront China! I reiterate, your international politics sucks.

Be that as it may, I stand by my words that the West have been our enemies (adversaries, if you must) and it's time we tried new allies. If that offends you, so be it. But you need not use chicaneries to buttress your point that the West have always had our backs.

Kindest regards. grin
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Flets: 6:55am On Apr 18, 2016
kalokalo:


China can always buy Nigeria's oil with the Naira thereby recirculating the Naira back to Nigeria.

Crude is priced in dollars, what exchange rate shall apply?
You really think Nigeria wants crude oil paid in naira?, the IOCs spend their operating cost in dollars will earn their dollars back. Its not as simple as you think.

China is in a tight pact with Russia and Iran on crude sales, and chinese crude requirement has been on the decline. .... you really think they would sacrifice their long term allies for Nigeria?
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by comos: 8:06am On Apr 18, 2016
Nigeria Government should protect the local industries against these chinese product.

It will be better if the Swap deal is limited to only power and railway.
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Kainene77: 12:52pm On Apr 18, 2016
Volksfuhrer:


Yawns.

Your attempt to make a straw man out of my arguments falls flat on its face. The fundamental reason that made China to fight 2 proxy wars with the U.S is still there. Despite the reforms China has made in recent times, China is still a communist state! The moment China begins to run a western style capitalism and democracy, China may no longer see the U.S as a major threat.

China is no longer a communist state in the traditional sense. In a communist state everything is owned by the government. There is no such thing as private property, private ownership or enterprise. People are not allowed to travel or study abroad. Nowadays, Chinese people have private properties and private enterprise. Chinese people travel and study abroad. The Chinese have adopted the free market theory propagated by the West for a long time, which led to an opening of their markets and closer and stronger bilateral relations with the West.


So the examples you gave about Britain, Spain, Germany and France are abysmally wrong! The last time I checked, Germany was no longer a fascist state: the Nazi's are long gone.

So since the Nazi regime is gone, Germany has no enemies but the fact the the old US presidents retired long time ago does not lead to better China US relations? grin grin grin

I'm sorry you are the one who ran out arguments.

How more sordid can your logic go? You agree that Western countries have more votes in the IMF, but you aren't sure whether the West control the IMF because it has 188 member states! Jesus!

Didn't you say they had about 40% of all votes? It is not even the majority of all votes. wink

You also stated that "China and the U.S are close allies in opposition to North Korea's Nuclear program". Damn!!! Who exactly do you think has been undermining UN sanctions against North Korea all these years? If you don't know it's China, then you are out of your depths. The West have always known this, except you. China might be miffed at the bogus display of North Korea's ballistic missile tests, but she's not opposed to a secret North Korea's Nuclear program. China is North Korea's godfather!

[b]The United Nations Security Council has adopted five major resolutions since 2006 that impose and strengthen sanctions on North Korea for [/b]continuing to develop its nuclear weapons program and call on Pyongyang to dismantle its nuclear program “in a complete, verifiable, and irreversible manner" and refrain from ballistic missile tests. The first two resolutions were passed shortly after North Korean nuclear tests in 2006 and 2009. The third came a month after North Korea successfully launched a satellite in December 2012. North Korea is prohibited from such launches under previous UN Security Council Resolutions because the technology in a satellite launch vehicle has potential dual use applications to ballistic missile development. The fourth was passed after North Korea’s most recent nuclear test in February 2013. The most recent was adopted in March 2016 after a nuclear test and satellite launch early in the year. The resolutions since 2009 furnished UN member states with interdiction authority, calling upon states to inspect North Korean cargo within their territory, and subsequently seize and dispose of goods prohibited by UNSC Resolutions.

https://www.armscontrol.org/factsheets/UN-Security-Council-Resolutions-on-North-Korea

So where and when exactly did the Chinese make use of their veto to stop sanctions against North Korea? grin grin grin

It's amazing that you don't know the difference between posturing and real intent.
Yes, it's true that China promised to 'monitor' new rounds of sanctions against North Korea: but that's just B.S posturing! You stated that Obama met with Xi over the conflict in the South China Sea, that it could escalate! But Obama did not challenge Xi over the issue. Yet, as we speak the U.S government has continued to ramp up military deployments of troops and hardware in and around the South China Sea to confront China! I reiterate, your international politics sucks.


I am sure Xi himself told you that. grin



Be that as it may, I stand by my words that the West have been our enemies (adversaries, if you must) and it's time we tried new allies. If that offends you, so be it. But you need not use chicaneries to buttress your point that the West have always had our backs.

Kindest regards. grin

Where did you read that I have a problem with Nigeria "trying" new allies? And who said that the West had your backs?

1 Like

(1) (2) (3) (4) (Reply)

Lagos Assembly Seeks Suspension Of Oil Exploration / FRSC Office In Port Harcourt Flooded, Cars, Generators Damaged (Photos) / Marketers Give Conditions For Exposing Those Behind Fuel Scarcity

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 142
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.