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Nairaland Forum / Nairaland / General / Politics / Bauchi Delegation Arrives China For $27.5 Billion Deal – Official (865 Views)
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Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Blue3k(m): 12:46am On May 30, 2017 |
A Bauchi State government delegation has arrived China to sign a partnership agreement worth $27.5 billion investment in solid minerals to explore selected minerals and establish a Pithead Power Plant project that will contribute 3,500 megawatts of electricity to the National grid in partnership with a Chinese consortium of investors. source: http://www.premiumtimesng.com/regional/nnorth-east/232455-bauchi-delegation-arrives-china-for-27-5-billion-deal-official.html Front Page: Lalasticlala Seun Mynd44 Please note I cut article. 1 Like 1 Share |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by tollyboy5(m): 1:29am On May 30, 2017 |
trash let your works speak for you |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Justuceleague2: 2:53am On May 30, 2017 |
Isn't that more than amount Buhari wanted to borrow that those ediots were shouting about? |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by nextprince: 3:11am On May 30, 2017 |
Justuceleague2: Actually, $1.5b less, but on a scale of fed/state, it is much higher. But the question is, how can Bauchi state pay back that amount? Do you know what is $27.5b? |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by nextprince: 3:17am On May 30, 2017 |
Governor Abubakar, N5b wage bill in Bauchi state? Abi you don dey pay 56k minimum wage? Again, which schools you dey renovate? I no blame you, na those thieves wey gather for state House of Assembly I blame. 1 Like |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Nobody: 4:02am On May 30, 2017 |
nextprince: Did you graduate from secondary or uni at all. The first paragraph summarises the entire deal. Bauchi only get $50M in cash. The rest are paid in kind, 3500 megawatt power station and a hospital. The deal is done ! |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by nextprince: 4:11am On May 30, 2017 |
TheCabal: Actually, I didn't attend even a primary school. But Mr university graduate, can you pls explain the mutual benefits of the deal to both China and Bauchi state? Or is China a father keresi? |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Blue3k(m): 4:14am On May 30, 2017 |
This is great news from Bauchi along with the other stuff Ive read. The 3500 MW added to the grid. Then pithead from what I understand means coal. Fayemi Kayode will be ready to jump on this to meet his targets for sector. The mining sector is heating up with these PPP when states get a bit proactive. The 2500 bed hostital can probably serve the state. It's great they convinced them to invest in that on the side. Then if MOU get through with world Bank better roads to for farmers to market roads. take over all viable titles that failed to meet the Mineral and Mining Act of 2007 requirement. Can some explain what they mean by this. |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Nobody: 4:15am On May 30, 2017 |
nextprince: Bauchi/Nigeria get a 3500 mega watt power station - IGR should jump at least 10% Bauchi get Chinese minning coy - IGR should jump another 5 - 10% Nigeria gets export taxes China get the resources it needs to keep manufacture going which translates to more money to her partners including Nigeria and the US. And yeah China is a not a father christmas - her foreign policy is called (win - win) You don't seem to know much about Nigeria and her allies - I guess this is the reason you misfired. 1 Like |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Nobody: 4:20am On May 30, 2017 |
Blue3k: It's just capitalist talk for - If you are a miner in Bauchi and your operation is not inline with the act - your out. I suppose this should also protect Bauchi from Chinese businessmen exploitation. But this is hardly an issue - as Nigerian businessmen are only interested in oil and gas. |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by sultaan(m): 4:24am On May 30, 2017 |
Giving away the wealth of future generation for free to those who used their to develop their nation |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Nobody: 4:25am On May 30, 2017 |
sultaan: LoL ... the future generation wants electricity , cheap booze, loose girls and fast WIFI. Wake up - capitalism ti take over |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Blue3k(m): 4:42am On May 30, 2017 |
sultaan: Why do you call this giving away? Bauchi State getting plenty out of deal. Tax revenue, higher employment, 3500 MW coal plant, and a general hospital. Next Nigerians aren't excluded from mining sector. The minister secured funds to assist domestic mining companies. Part of the policy is the mineral should be processed domesticly if you ever read any of Fayemi Kayode interviews. Think from business perspective. The Chinese company brings money, expertise, infastrure,pays taxes and employment. Then you feel they are robbing you by getting minerals they mined. 2 Likes |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Aromas: 4:47am On May 30, 2017 |
nextprince: Seems you know what is in my mind. |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Blue3k(m): 7:03am On May 30, 2017 |
Incase you guys are wondering what they could starrt mining see graphic below. The state gov claims the have deposits of Gold, Cassiterite (tin ore), Columbite, Gypsum, Wolfram, Coal, Limestone, Lignite and Iron ore. The ERGP Says they have some other mix pic below. It's funny to remember Kemi Adeosun said western powers were blocking coal. Unless I'm misinformed pithead power is coal power. I wonder where boogeyman west is to scold us. Source: http://bauchistate.gov.ng/natural-resources/ http://nigerianstat.gov.ng/report/523 front page: Lalasticlala Seun Mynd44 OAM4J Cc: NewsPoacher natznext Jetleeee AworiLagosian 2 Likes
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Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by omohayek: 7:33am On May 30, 2017 |
Blue3k:An unfortunate consequence of Nigeria's long dependence on oil is that many (most?) Nigerians can't even grasp the idea of both parties benefiting from economic relationships, creating new wealth where none previously existed: all they can think of is in terms of sharing a fixed pie of oil rents (aka "national cake" ), where someone else has to lose for the other to gain. 1 Like |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Blue3k(m): 7:46am On May 30, 2017 |
omohayek: Its a crazy mentality to have. It's better to keep an abundance mindset instead of scarcity. Honestly it's me wonder if the Chinese have to throw in a piggy back rides for the whole community before they are satisfied. |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by omohayek: 7:52am On May 30, 2017 |
Blue3k: The same people would just switch to complaining about the Chinese unfairly squeezing "indigenes" out of the piggy-back riding market! The sense of entitlement and "You must lose for me to win" mentality bred by oil has been a real cancer on Nigeria. |
Re: Bauchi Delegation Arrives China For $27.5 Billion Deal – Official by Blue3k(m): 2:25pm On May 30, 2017 |
States like Enugu and Benue should do what Bauchi doing. These PPP arrangement could unlock mining potential. Both These states have high quality coal but nothing is mined. Enugu seems to have plan so let's see what cooking. Just keep in mind from the time Bauchi started Bauchi Mining Synergy and Exploration Limited to this deal was two years. That's short term success. Especially with all the benefits they get. This great addition to Bauchi's other plans. Last time I'm bumping this thread since it seems like this won't hit front page. 1 Like |
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