Am sick and tired of Stu.p1dity.

Is Nigeria cursed

Great move by our Govt, if only the money will be fully utilized without going to the wrong pocket.

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Pls seun, ban this guy. He is constituting a nuissance.

Reduce import dependency but increase borrowin dependency. Hear sense, abeg. The money they are lootin,is it not enough fo dis project? May God deliver us frm dis demon possess jona and his men.

Callotti: This keeps getting better and better!
God bless my sweet America jare!
Thank my Agnostic God!
Wharrrra USELESS CU/NT-RY!

See debt being raked up for thieves to loot?
Kai!!!!

Everyday i wake up, i regret voting for this clueless president.

Chinko people are now becoming bosses in Nigeria, they are even doing labor work now. By 20yrs time they would have repatriated all our resources

Hmm!
The loan was meant to built...'' rice milling plants and cassava flour processing plants inside your room abi? So we have enough rice and cassava, buh the problem is processing right? Where is the result of millions of naira the govt. Spent on fertilizer distribution? You r talking as if u jst came back from pluto. And who told u i'm jobless? U r wrong.

Sincere 9gerian:
No sir! The loan was meant to built rice milling plants and cassava flour processing plants so that YOUR UNBORN generation will a place to work and NOT be jobless like you

For those who cant read or cant think for demselves: this is not yr conventional loaning process where the govt borrows money to do projects but a situatn where govt guarantees CHEAP credit to farmers and private investors in d Agric sector. Its similar to d local Agric Guarantee Scheme where d CBN guarantees single digit interest rates fund from conventional banks to farmers. Here, d FG is guarantee cheap CREDIT from international lending institutns (like China's EXIM bank, world bank and ADB) THROUGH Nigerian local banks (esp development banks like BOI and NEXIM) who can then lend to farmers and oda Agric investors at SINGLE INTEREST RATES using same stringent bank loaning procedures. In d case of d Chinese credit, d conditn bn that those investors that wud want to build Rice mills and Cassava flour processors wud hv to buy them from Chinese manufacturers instead say Western manufacturers....... Like i said previously: Great moves, Adesina

Nigeria seeking loan everywhere, not commendable .

una wey jst dey talk... Wat ave u done to improve naija!!! I mean its ur country so pray 4 naija!!! E go beta sha... so some people shud jst shut up!!!

I dey weep for my dear country

and they kip incuring more depts.

Maybe there are other terms not specified here, but a 20-year loan for 2% per annum interest is very low interest to a country as badly run as Nigeria. Many EU countries pay much higher interest for such loans. China does not expect to gain monetarily from the loan. Perhaps they are expecting other favors from the Nigerian government, but if that is not the case, then we want more of these loans to develop our agriculture, infrastructure, etc. It will not be long when Nigeria could truly become the Giant of Africa and of the World.