Billyonaire:

You are not adequately informed. You can stick to politics where you have little knowledge of its dynamics than use sentiments on Business which is purely acumen based. A company providing Technical Expertise in any Joint Venture or Equity Partnership does not need to have a kobo on its balance sheet. The party providing the funding is where lies the Proof of Funds. Even, at that, they do not even need to be upfront 100%, cos finance houses can always bankroll any venture with prospective ROI and profiteering. This Pessimism is why you smoke Garri while I fly in private jets. Be Positive!

Billyonaire:
Why Does that bother you ? That information may have been addressed in the fine-prints of their MoU structures. They are bringing in money and expertise. What concerns us is what they can offer and how beneficial it is to our economy.

ifegy:

What should concern us is how a negative-net-worth, sole-shareholder, two-directorship company with five thousand pounds in the bank is going to bring something beneficial in money ($100 billion) and expertise to a country of over 150 million people.

cramjones: THIS IS A BIG FAT LIE - AN ATTEMPT BY THE GOVERNMENT TO MAKE IT LOOK LIKE "FOREIGN INVESTORS" WANT TO INVEST IN NIGERIA. $100 BILLION NA BEANS TO JUST COME POUR FOR NAIJA WITH ALL THE PROBLEMS? WHEN WILL THE INVESTORS REASLISE THE CAPITAL TALK MORE OF PROFIT...NA LIE JOR! ONLY FOR THE GULLIBLE TO BELIEVE ANYTHING IN PRINT OR INTERNET MEDIA



You are the very ignorant one here. According to the Economist magazine. between 2005 to 2010 China has invested a total of roughly $48 billion in Africa. Just to remind you, China is becoming Africa's biggest investment partner and it is the 2nd largest economy in the world behind the US. It has so many "billionaire status" companies, yet in a 5-year period they invested a total of $48billion. Won't you be an i.diot to then believe that one company from no where or the so called "Foriegn consortium" is investing $100. In WHAT? If i may ask. You must be very FOOL>ISH to believe this BULL CRAP!

Rossikk:

You're peddling 2005 dated news. Here's something more recent from the Wall St. Journal, showing a TRIPLING of Chinese investment in Africa every 3 years!

http://blogs.wsj.com/deals/2011/02/25/bank-chinas-africa-investment-to-jump-70-by-2015/

In any case, there's nothing to suggest that all the funds are coming from China.

payless:

You are too daft to know this is just a ruse. This is a ploy to decieve the masses that Nigerian government is bringing investors to the country. This is very sad that someone like you cannot see through this nonsense.

ifegy:

Em, quote from the wsj blog linked above is as follows:

"According to a forecast statement from South Africa’s Standard Bank, Africa’s largest bank, investment from China into Africa is likely to hit $50 billion by 2015, up 70% from 2009."

Not quite sure how that forecast $50 billion investment for the whole of Africa by 2015 ties in with the proposed $100 billion investment in just one country currently being discussed.

ifegy:

What should concern us is how a negative-net-worth, sole-shareholder, two-directorship company with five thousand pounds in the bank is going to bring something beneficial in money ($100 billion) and expertise to a country of over 150 million people.

bigboss80s: [b][/b]A company that will invest $100 billion does not have a website, but is listed on the website of the Nigerian Electricity Regulatory Commission. I hope we are not this gullible.

Rossikk:


Who said all the money was coming from China?

Billyonaire:

You lack basic Knowledge of how Joint Venture Partnership work, It is the truth. The Australian Firm is the Financier of the joint Venture. Why not look them up!

nnafather: I hope it's not another slave master? We are tired of modern slavery

ifegy:

Em, not quite sure any money is coming from anywhere at the moment, to be frank.

ifegy:

Em, not quite sure any money is coming from anywhere at the moment, to be frank.

payless:

You are so funny, bro. The confused "billionaire" is very daft.

oyb:

you must think being a businessman is by writing billionaire on walls like a schoolchild

'finance houses' - you think we are talking forum savings and loan scheme here

Billyonaire: Keep your mouth shut, why would the Government deceive Nigerian masses ? I do not expect you to process information well, cos you sound psychotic.

Rossikk:

Sure. The Central Bank of Nigeria Deputy Governor just wanted a photo op with a couple of guys off the street. Makes perfect sense.

BY JULIANA TAIWO, 13 APRIL 2007
Abuja — The Federal Government yesterday issued two more licences to Anita Energy Limited and Bresson Nigeria Limited to build independent power projects (IPPs) in Agbara and Magboro respectively, in Ogun State at the cost of 170 million euros.

The Chairman and Chief Executive Officer of the Nigerian Electricity Regulatory Commission (NERC), Dr. Ransome Owan, said at the launching of the logo and identity of NERC that so far 10 licences had been issued to prospective investors to generate and distribute power to Nigerians.

payless:

I knew all along you must be daft. You asked me why would Nigerian Government deceive the masses, I will let the government actions of the past speak for themselves. You are talking about present and past governements or admisnistrations who promise its citizens at every election cycle that power failures would be a thing of the past, and a government who always promise to combat corruption but practices corruption. There is no government that deceives its citizens more than the way Nigeria does. Fact!

Billyonaire:

You are not adequately informed. You can stick to politics where you have little knowledge of its dynamics than use sentiments on Business which is purely acumen based. A company providing Technical Expertise in any Joint Venture or Equity Partnership does not need to have a kobo on its balance sheet. The party providing the funding is where lies the Proof of Funds. Even, at that, they do not even need to be upfront 100%, cos finance houses can always bankroll any venture with prospective ROI and profiteering. This Pessimism is why you smoke Garri while I fly in private jets. Be Positive!

Rossikk: There isn't actually a shortage of investment funds in the world. There is just a shortage of credible business ideas that can persuade investors to part with their capital. which makes this nonsense about ''China invested only %50 billion so far'' a very flawed argument. $100 billion is nothing to China. If some solid investment programmes are presented, the funds will flood in.

ifegy:

Frankly, that would probably make more sense than this particular investment.

Billyonaire: You are beating around the bush, we have a discourse here and you are already meandering and calling names. Guess which types of human beings resort to name-calling when confronted with fact ? I am sorry, I can not be seen arguing with inglorious elements, few real humans know my monika here. Your pessimism is why you hardly have the best things in life. Stop insulting the Presidency of Nigeria, the Government is working harder than you, The government is doing their job even though they are slow. But, have you done your job as a citizen ? No, you are busy running your mouth like a gutter.

eGuerrilla: On a more serious note, what is to say Anita Energy Ltd is not a front for some retired military general?

BY JULIANA TAIWO, 13 APRIL 2007
Abuja — The Federal Government yesterday issued two more licences to Anita Energy Limited and Bresson Nigeria Limited to build independent power projects (IPPs) in Agbara and Magboro respectively, in Ogun State at the cost of 170 million euros.

The Chairman and Chief Executive Officer of the Nigerian Electricity Regulatory Commission (NERC), Dr. Ransome Owan, said at the launching of the logo and identity of NERC that so far 10 licences had been issued to prospective investors to generate and distribute power to Nigerians.


Source

Billyonaire: I have no response for financial handicaps with zero business acumen. I can swear with 100% assurances that you have never been involved in any joint ventures or even written a business plan in your life. I know how this works, and I am telling with 100% certainty that 'Technical Partners' in any "Joint Ventures or Equity Partnership" do not need Proof of Funds or liquidity. The Financing partners and the banks have duty in providing funding whenever the project is approved. Go and sit down, poor rabbit. You are talking to one greatest minds in business profiteering.

Rossikk:

I'm willing to bet you'll change your tune as the nation transforms over the next decade in an avalanche of advanced roads, solid power supply and high speed rail.

Billyonaire: I have no response for financial handicaps with zero business acumen. I can swear with 100% assurances that you have never been involved in any joint ventures or even written a business plan in your life. I know how this works, and I am telling with 100% certainty that 'Technical Partners' in any "Joint Ventures or Equity Partnership" do not need Proof of Funds or liquidity. The Financing partners and the banks have duty in providing funding whenever the project is approved. Go and sit down, poor rabbit. You are talking to one greatest minds in business profiteering.

Omo_Tier1:
Technical expertise my foot. Do you even have an idea of what company valuation and risk portfolio is all about? Let me educate you a little, in today's business climate, every technical partner is a RISK SHARING PARTNER, RSP, meaning they will need to have some liquidity backing from a financial firm to be able to engage in serious business.

So in your shallow wisdom, you would expect a company wanting to invest in a country billions of dollars would engage a nonentity of a company whose financial books is comparable to that of bankrupt entity? No seriously, you really think any serious investor will engage such a company as a technical partner except such a company wants to engage in fraud? I really do not know how some of you think.