Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,373 members, 7,958,010 topics. Date: Wednesday, 25 September 2024 at 07:20 AM |
Nairaland Forum / Nairaland / General / Politics / China And Nigeria Sign $1.1bn Deal (12091 Views)
N2.1bn Arms Money Scandal: What I Know About EFCC Probe Of Dokpesi — Lawyer / China And Russia Send Sophisticated War Weapons To Nigeria / Russia, Nigeria Sign Memorandum On Security Councils’ Cooperation (2) (3) (4)
China And Nigeria Sign $1.1bn Deal by White007(m): 11:42am On Jul 11, 2013 |
China has agreed to give Nigeria a $1.1bn (£700m) low-interest loan to build much-needed infrastructure. The deal was struck during Nigerian President Goodluck Jonathan's meeting with Chinese President Xi Jinping in Beijing on Wednesday. The money would help build roads, airport terminals in four cities, and a light-rail line for Nigeria's capital. China is investing heavily in Africa at it relies on it for oil and other natural resources. Nigeria is Africa's biggest oil producer, but its infrastructure needs updating and most people live in poverty. Mr Xi said both countries had been brought together by a common task of pursuing national development, AFP news agency reports. "As a proverb of Nigeria reads: 'A man cannot sit down alone to plan for prosperity,'" he is quoted as saying. Mr Jonathan is leading a business delegation on a four-day trip to China to boost ties between the two countries. Chinese companies are already building roads across Nigeria in contracts worth $1.7bn. China's demand for crude oil produced in Nigeria is expected to rise tenfold to 200,000 barrels a day by 2015, Nigerian officials said, AFP reports. http://m.bbc.co.uk/news/world-africa-23269004 4 Likes |
Re: China And Nigeria Sign $1.1bn Deal by Nobody: 12:00pm On Jul 11, 2013 |
the new dawn of fresh air. |
Re: China And Nigeria Sign $1.1bn Deal by Nobody: 12:18pm On Jul 11, 2013 |
more chinko products to flood my beloveth country!! 1 Like |
Re: China And Nigeria Sign $1.1bn Deal by kunlekunle: 12:20pm On Jul 11, 2013 |
whats this? re-colonisation 2 Likes |
Re: China And Nigeria Sign $1.1bn Deal by globalaid(m): 12:27pm On Jul 11, 2013 |
are you kidding me? 1.1 billon dollars on all this that was listed when lagos to Ibadan alone is going to gulp 168 billion naira 2 Likes |
Re: China And Nigeria Sign $1.1bn Deal by kunlekunle: 12:32pm On Jul 11, 2013 |
globalaid: are you kidding me? 1.1 billon dollars on all this that was listed when lagos to Ibadan alone is going to gulp 168 billion naira na the same amount. |
Re: China And Nigeria Sign $1.1bn Deal by White007(m): 1:37pm On Jul 11, 2013 |
I thought the loan was to be a $3billion soft loan? |
Re: China And Nigeria Sign $1.1bn Deal by aventura: 2:01pm On Jul 11, 2013 |
so Nigeria doesn't have a billion dollars 1 Like |
Re: China And Nigeria Sign $1.1bn Deal by Nobody: 2:01pm On Jul 11, 2013 |
Hope all Last |
Re: China And Nigeria Sign $1.1bn Deal by Sijo01(f): 2:07pm On Jul 11, 2013 |
Uncle Johan is working..........Oya, let the infrastructure begins. |
Re: China And Nigeria Sign $1.1bn Deal by Nobody: 2:09pm On Jul 11, 2013 |
WE'D BETTER START LEARNING CANTONESE THEN CHU WA FU CHING CHONG CHU HWA HIYYAAA!!!! FUK DIS EYE JUST BEET MY TONG 3 Likes |
Re: China And Nigeria Sign $1.1bn Deal by WackyJ1(m): 2:11pm On Jul 11, 2013 |
Why didn't Jona just go to Dangote? 5 Likes |
Re: China And Nigeria Sign $1.1bn Deal by NSNA: 2:14pm On Jul 11, 2013 |
WackyJ1: Why didn't Jona just go to Dangote?that business man will not take risk with is money on Nigerian thieves 3 Likes |
Re: China And Nigeria Sign $1.1bn Deal by Nobody: 2:21pm On Jul 11, 2013 |
Jona and co. don hammer. Imagine the sharing formula. I only pity the generation that will pay back this money and accumulated interest. God bless Nigeria. 1 Like |
Re: China And Nigeria Sign $1.1bn Deal by deandavid(m): 2:21pm On Jul 11, 2013 |
Jst 1billion? Aha watin we wan use dat small money do, Gej 4 collect like 200billion, complete this power wahala, transform our rail system, rebuilt our steel companies, set up new industries to produce nigerian made cars nd phones. Watin dy do dis our leaders sef 2 Likes |
Re: China And Nigeria Sign $1.1bn Deal by TVTKOKO(m): 2:21pm On Jul 11, 2013 |
WackyJ1: Why didn't Jona just go to Dangote?shey dem tel u say nahim born am?and FYI, Dangote deals with people of gud visions and missions |
Re: China And Nigeria Sign $1.1bn Deal by cecegorz(m): 2:24pm On Jul 11, 2013 |
I hope GEJ knows that a borrower is a slave to the lender. We just keep mortgaging our future to all these countries. What is $1b that we should be going cap in hands to borrow, with all the strings attached? Just gather ten people out of all the officials that has been freely looting our money and put them under serious pressure, they will cough out more than that. 11 Likes |
Re: China And Nigeria Sign $1.1bn Deal by taiocol: 2:26pm On Jul 11, 2013 |
hmmm. Niaja*china 3 Likes
|
Re: China And Nigeria Sign $1.1bn Deal by Nobody: 2:27pm On Jul 11, 2013 |
Re: China And Nigeria Sign $1.1bn Deal by bellong: 2:27pm On Jul 11, 2013 |
With the borrowed money for building infrastructures, Chinese companies will still be the same people that will be awarded the contract... One step forward, giant steps backward.. 1 Like |
Re: China And Nigeria Sign $1.1bn Deal by taiocol: 2:27pm On Jul 11, 2013 |
cecegorz: I hope GEJ knows that a borrower is a slave to the lender.na obj or gej. 1 Like |
Re: China And Nigeria Sign $1.1bn Deal by Nobody: 2:28pm On Jul 11, 2013 |
He would have contacted me. To late |
Re: China And Nigeria Sign $1.1bn Deal by tspun(m): 2:34pm On Jul 11, 2013 |
that is if we can feel the impact of the infrastruture the money will be used for.they should tacke the issue of power befor those other irrelevant aforemention point that they listed. |
Re: China And Nigeria Sign $1.1bn Deal by Rolingstone1(m): 2:35pm On Jul 11, 2013 |
GEJ is always making stupid mistakes. Who re his advisers? 1 Like |
Re: China And Nigeria Sign $1.1bn Deal by nijanigga: 2:40pm On Jul 11, 2013 |
NSNA:Best answer so far. From that $1.1B over 70% will be wasted or looted. |
Re: China And Nigeria Sign $1.1bn Deal by nijanigga: 2:43pm On Jul 11, 2013 |
White007: China has agreed to give Nigeria a $1.1bn (£700m) low-interest loan to build much-needed infrastructure.Already, America is dumping Nigeria's oil, so China can dictate the price they want to buy from Nigeria. |
Re: China And Nigeria Sign $1.1bn Deal by otokx(m): 2:46pm On Jul 11, 2013 |
i thought it was $3bn they wanted. |
Re: China And Nigeria Sign $1.1bn Deal by yuzedo: 2:50pm On Jul 11, 2013 |
And Nigeria is giving China what exactly in return?! I am not talking about the terms on paper. Money Cost. Opportunity Cost. Bla bla bla. What price is Nigeria REALLY paying for this? |
Re: China And Nigeria Sign $1.1bn Deal by Standing5(m): 2:51pm On Jul 11, 2013 |
low interest laon! how low are we talking here? |
Re: China And Nigeria Sign $1.1bn Deal by phillycute(f): 2:54pm On Jul 11, 2013 |
Oloshi olori buruku ni awo wayray sah Ah oga o, may God help us in this country o! |
Re: China And Nigeria Sign $1.1bn Deal by supaeagles(m): 2:55pm On Jul 11, 2013 |
China : it's a low interest loan ...... but you to agree to import our high quality cars, our beef, |
Re: China And Nigeria Sign $1.1bn Deal by Truckpusher(m): 2:56pm On Jul 11, 2013 |
Most Nigerian youths don't even watch the news and follow-up events to understand agreements being entered by their govt and other govts and ask questions if they don't understand ,but would quickly comment showing their naivety with their unintelligent posts which makes me wonder why wouldn't the criminal elements in the govt continue to steal with impunity fully aware that an average Nigerian do not pay attention to details......smh 7 Likes |
Akwa Ibom Marks 26th Year Of State Creation / States With The Highest Voting Strength: Can Jonathan Escape This? / FCT Election Is A Shame, PDP Says
(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. 28 |