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| Nigeria Snubbed As China Hosts Africa On Investment by erunz(m): 9:26am On Sep 10, 2015 |
Energy Ministers From Eight African Countries Gather In China Without Nigeria To Canvass For A Share Of The $5billion Available For Investment In Continent’s Energy Sector Nigeria, listed as an investment destination for China, is missing on the roll as the Chinese government hosts eight African nations to a high powered investment opportunities forum which begins in Beijing on October 15. The two-day investment drive will focus on opportunities in the energy sector of Africa’s economy. Listed to address the forum and present investment opportunities in the energy sector of their countries are energy ministers from Kenya, Democratic Republic of Congo, Zambia, Sierra Leone, Rwanda, Namibia, Uganda and South Africa. Chairman of the Board of ICBC Standard Bank PLC, Mingqiang Bi and Deputy General Manager, Special Financing Department, ICBC Bank, Madam Shen Min are expected to provide insights into investment financing for African nations. A statement made available to The UNION on the forum said “there will be 11+ project presentations featuring major opportunities, including: The East to West Landbridge – LAPSSET Corridor; East African Standard Gauge Railways; Dry port development in Ghana; Unbundling of state utilities in Liberia and; Gas-to Power investment opportunities in Mozambique and South Africa. The forum, which is in its fourth year, is tagged The 4th Annual Africa Infrastructure and Power Forum and “partners with the China Africa Development Fund, who will be seeking new projects to receive some of the $5billion under their management”. Energy industry experts link Nigeria’s absence at the investment forum on the absence of an Energy Minister for the country. President Muhammadu Buhari, who has been unable to form a cabinet since inauguration on May 29, had promised to do so before the month runs out. The statement notes that 2015 marks a turning point for African investment with the need to address the continent’s energy deficit, and the critical requirement to connect those living without access to electricity. According to the statement, 13 percent of world’s population live without electricity, majority, in Africa. The statement notes that “Despite the headwinds caused by lower oil and commodity prices, and weakening currencies across sub-Saharan Africa, progress continues to be made. “Nigeria witnessed the most notable investment deal in recent weeks, with Africa’s largest privately held business –Dangote- signing a $4.34 billion deal with China’s Sinoma, an indication of Nigeria’s infrastructural ambition. “In the same period, another of the world’s fastestgrowing economies, Kenya, has earmarked $55.6 billion for infrastructure development. Kenya’s road network urgently needs improvement – essential for trade and tourism, indispensable lines of inward investment. “Global investors demand for African opportunities were displayed this month when one of the world’s largest private-equity funds – The Abraaj Group – announced it had raised $1.4 billion, indicating the dawn of billion-dollar African private-equity funds searching for greater returns than offered by alternative, saturated markets. Of 119 African investor deals, there has only been one default in the past decade”. It also said that of all interested parties looking to invest in Africa this year, China remains the only nation that has consistently sought to improve infrastructure and power development on the continent. The growth of China-Africa trade is revolutionizing African development, stimulating crucial upgrades of the continent’s infrastructure and power development – highlighted in June when Tanzania awarded a consortium of Chinese railway companies projects valued at $9billion. http://theunion.com.ng/uncategorized/nigeria-snubbed-as-china-hosts-africa-on-investment/ |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by dialfa: 9:29am On Sep 10, 2015 |
lol baba body odour chasing away investors 10 Likes |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by efilefun(m): 9:30am On Sep 10, 2015 |
Why wont Nigeria be snubbed when the funds given to the previous administration to construct light railways was used in getting locomotives 4 Likes |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Demmocrats(m): 9:30am On Sep 10, 2015 |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by upwardmode: 9:31am On Sep 10, 2015 |
Buhari's body language at work...Economy on Auto Pilot.
. $1=232 6 Likes |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by efilefun(m): 9:31am On Sep 10, 2015 |
 dialfa: |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by magmack: 9:33am On Sep 10, 2015 |
Lol
#babagoslow
Who in d world wants to identify with a slow poke 4 Likes |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by DFemaleBoss(f): 9:33am On Sep 10, 2015 |
Where's baba body language when you need him most? Chai Buhari  3 Likes 1 Share |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by dulaman: 9:33am On Sep 10, 2015 |
quote author=efilefun post=37859792]Why wont Nigeria be snubbed when the funds given to the previous administration to construct light railways was used in getting locomotives [/quote] Exactly |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Nobody: 9:37am On Sep 10, 2015 |
efilefun: Speak not what you do not know. The rail projects where executed by Chinese firm with their own money. You APC zombies will blame your impoverished lives 10 yrs down on GEJ. 13 Likes |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Abbeyme: 9:42am On Sep 10, 2015 |
Hi All, I believe that we should not go into any other debt for now. There's no point crying over this... China has chosen those to benefit from their handout and they knew Nigeria wouldn't be in that bracket. So, we get what we want using what we have.... Must we always go borrowing and putting further stress on our Naira. Nehi, nehi.. |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by warrior01: 9:42am On Sep 10, 2015 |
Chineke mee! This man Buhari of a man has finally finished us. The U.S. He aligned with just used their company via JP Morgan to finish us and now and now our former ally just snubbed us. Chai! Where should we now turn to? 5 Likes |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Abbeyme: 9:46am On Sep 10, 2015 |
warrior01: We might need to look inward,,, We got the people, we've got the talent, we've got the money. Until we start to trust ourselves and commit ideas and processes to each other, we have not started... |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by UmuEri(m): 9:49am On Sep 10, 2015 |
I thought everybody is afraid of Buhari due to his body language? Chinese government must be probed for this. 4 Likes |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by GenbIoodykiller: 9:51am On Sep 10, 2015 |
Buhari is all round terrorist - Elrufai |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Nobody: 9:51am On Sep 10, 2015 |
The zoo is falling, I am sorry. |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by ERODEDEAST(f): 9:58am On Sep 10, 2015 |
Bull.ari has really Crippled Nigeria Economy |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by saintopus(m): 10:03am On Sep 10, 2015 |
Good news in disguise. We need to look inward as a nation, more especially on the issue of deregulation of the downstream oil sector. Unbundle NNPC, look inward again on the issue of PIB. Most of the last administration economic and petroleum policies should not be thrown away. Many are still useful |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by hinwazaka: 10:07am On Sep 10, 2015 |
efilefun:You are highly delusional. We were not present at the summit, because we have an unserious government, who currently have no economic team in place. Who would have been our representative at the summit, the perm.sec of the ministry of finance? The unseriousness of this government will drive this country over the edge. The unfortunate thing is that you and your ilk will just change your T-shirt to that of the PDP and no one will know that you were a mediocre contributor to the government's gross incompetence. 3 Likes 1 Share |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by efilefun(m): 10:09am On Sep 10, 2015 |
Please next time you feel like wailing please don't quote me, I just voiced my opinion and you can do yours also without quoting me Thanks hinwazaka: |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by baralatie(m): 10:17am On Sep 10, 2015 |
WombRaiders: |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Nobody: 10:21am On Sep 10, 2015 |
Mix it, shake it, mash it, China is still better than America as a partner. Meanwhile, crude oil set to hit all time low of $20/barrel as Iran readies to saturate the oil market. |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by hinwazaka: 10:46am On Sep 10, 2015 |
efilefun:I will follow you bumper to bumper if it will stop you from being irrational. 1 Like 1 Share |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by obynocute(m): 10:56am On Sep 10, 2015 |
Nigeria dnt nid china...... |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Nobody: 11:06am On Sep 10, 2015 |
efilefun: Did you read the post at all before commenting? Nigeria was ignored because we don't have energy minister and not because of past administration. Did you hear that! Because Buhari is ruling Nigeria alone. 2 Likes |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by pazienza(m): 11:07am On Sep 10, 2015 |
Bad news for Nigerians, good news for South Africans. Time will tell. |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Nobody: 11:34am On Sep 10, 2015 |
obynocute: You APC zombies no get sense at all. Just yesterday in another thread, your fellow broom wielding dunces where denouncing JP Morgan for their decision to delist Nigeria from the international bond market and stating that the west can go to hell with their imperialism. But you forget so easily how you fools still celebrated Buhari's invitation and attendance to the G7 economic summit in west Germany and his invitation to the White House as a sign of economic and diplomatic success. Now you are stating that even China which has the largest economy and most industrialized Nation on the planet is inconsequential to our growth and development? Simple homework for you; take a look around your present surroundings and you will see made in china everywhere. Even the device you are using to post nonsense here is made in China and the cheap fugazi clothes you are wearing was made in China! You APC zombies have no single sense in your heads at all! 3 Likes 1 Share |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Nobody: 11:41am On Sep 10, 2015 |
janus05: This is very good news. Let me see the parasitic Nigerian economy collapse followed closely by the central govt. |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Goke7: 11:41am On Sep 10, 2015 |
WombRaiders: ok clap for yourself, we don hear you o so because dem no call us for meeting, e mean say dem no de import their goods into our country again abi? or they will simply not do business with nigeria again? some times you guys just over react for nothing. |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Nobody: 11:50am On Sep 10, 2015 |
Goke7: Idiota, China is far better in bilateral trade and direct investments than the west which has held you down since they arrived on the continent. China trade and direct investments has brought real growth and prosperity to the continent. You just have to look at countries like Angola, Tanzania and Bostwana to see how beneficial and more fair trade with China is. The west wants to control commodity market from London and Newyork. Most of the resources quoted on the London and Newyork commodity markets are sourced from Africa. China being smart knew that if they sourced commodities from these two international markets then by and large their industries will be servicing financial and commodity brokers in the west. This is why China took the initiative to negotiate directly with the source of these commodities. This is the reason behind China's direct investment in Africa. Since China began direct investments in Africa, commodity prices have skyrocketed and Africa countries are benefiting higher returns on the sale of their natural resources. By China not investing in Nigeria anymore we should expect all our natural resources including crude to be sold first to the west. Take a look at the average pricing of raw industrial inputs and you will see the spike coincided with China's direct investment drive in Africa. [img]http://1.bp..com/-fZdGxsSxZE4/UXAbItt_AsI/AAAAAAAANig/-kWGUgPPbA0/s1600/CRB+Raw+Industrials.jpg[/img] This is slavery. 2 Likes 1 Share |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by Trut(m): 12:55pm On Sep 10, 2015 |
Government of body odour 1 Like |
| Re: Nigeria Snubbed As China Hosts Africa On Investment by obynocute(m): 1:24pm On Sep 10, 2015 |
WombRaiders:. Lolzzzz, bros e pain u ?, nigeria cn neva nd will neva sink cus of china.... |
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