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Buhari Didn’t Sign Any Loan Deal With China – Presidency - Politics - Nairaland

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Buhari Didn’t Sign Any Loan Deal With China – Presidency by Nobody: 4:30am On Apr 17, 2016
The Presidency on Saturday said President Muhammadu Buhari did not sign any loan deal with the Peoples Republic of China during his just-concluded one-week working visit to the country.

The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, gave the clarification in an interview with SUNDAY PUNCH.

Ahead of Buhari’s trip which started last Sunday, there were media reports that he would sign a $2bn loan deal with China during the visit as the Federal Government sought funds to finance the over N2tn budget deficit.

Reuters had reported that Adesina confirmed that loan agreement would be signed but he could not say how much until it was signed.

But the presidential spokesman told our correspondent on Saturday that there was no iota of truth in the report.

“There was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria,” he stated.

At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.

The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists.

Shehu said the President believed that the agreements concluded with the Chinese during the visit would have a huge and positive impact on key sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.

He said, “In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.

“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.

“A total of $1bn is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.

“For the housing sector, both companies also sealed a $250m deal to develop an ultra modern 27-storeyed high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”

According to the presidential spokesman, other agreements announced and signed during the visit included $1bn for the establishment of a hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.

He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.

“An agreement valued at $363m for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.

“Other agreements undergoing negotiations include a $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.

“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,” Shehu added.


http://www.punchng.com/buhari-didnt-sign-any-loan-deal-with-china-presidency/

7 Likes 1 Share

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by modath(f): 4:50am On Apr 17, 2016
When is the Abode China Parry? smiley



*Dem don dey gather like vultures at the sight of carrion* cool

When people take out time to read details not just the SENSATIONAL headline of news story by themselves, they would know the true picture of events....



On behalf of those who can't function without "guidance" Nigeria signed currency swap with ICBC & deals for infrastructures development..... NOT CASH TRANSFER.


http://venturesafrica.com/nigeria-currency-swap/

http://mobile.reuters.com/article/idUSL3N17F3AG


http://www.vanguardngr.com/2016/04/currency-swap-china-will-boost-economy-bureau-de-change-

http://answersafrica.com/nigeria-signs-a-deal-with-china-to-crash-dollar.html


http://www.financialwatchngr.com/2016/04/16/u-s-market-panics-nigeria-signs-deal-china/

25 Likes 3 Shares

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by talktonase(m): 4:50am On Apr 17, 2016
what is wrong with this change government are they confused or what?

62 Likes 3 Shares

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Oxenomy: 4:52am On Apr 17, 2016
Eeeeeeeh shocked

1 Like

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Frankiss44(m): 4:57am On Apr 17, 2016
Lolz.. We are in for some serious shiit in this administration. The confusion is second to none. As in eh, what's really happening? How did these clowns make it to Aso Rock?

So many idiots, few bullets.

140 Likes 11 Shares

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Chubhie: 5:00am On Apr 17, 2016
This administration has made me to doubt everything. The only certain thing now is That I think, therefore I exist.

87 Likes 3 Shares

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by tuniski: 5:03am On Apr 17, 2016
Let the yeye gang apc implode, atleast we can excuse them on the premise of a collapsed party.

For now,they are just overwhelmed and Desperate for a mojo having been a disaster so far. In their desperation, they continue blunder after blunder as if they can blunder to redemption!


Apc the error of 2015!

67 Likes 3 Shares

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Stalwert: 5:05am On Apr 17, 2016
op what stopped you from posting the entire contents of the news article? Which says no loan was taken but investments worth $6b were secured? Dishonesty will send many to hell repent.

66 Likes 2 Shares

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Chubhie: 5:07am On Apr 17, 2016
Frankiss44:
Lolz.. We are in for some serious shiit in this administration. The confusion is second to none. As in eh, what's really happening? How did these clowns make it to Aso Rock?

So many idiots, few bullets.
Nothing is absolutely truth until buhari government officially denies it. We might be looking at $6 billion loan with some mining concessions. Interesting times ahead.

12 Likes 2 Shares

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by blackpanda: 5:08am On Apr 17, 2016
This OP is very mischievous. Wailers in disguise always spreading lies and half truths. OP gave u half of the story in order to advance his bias. This is the other half:


Reuters had reported that Adesina confirmed that loan agreement would be signed but he could not say how much until it was signed.

But the presidential spokesman told our correspondent on Saturday that there was no iota of truth in the report.

“[b]There was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria,” he stated
.

At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.

The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists.

Shehu said the President believed that the agreements concluded with the Chinese during the visit would have a huge and positive impact on key sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.

He said, “In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.

“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.

“A total of $1bn is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.

“For the housing sector, both companies also sealed a $250m deal to develop an ultra modern 27-storeyed high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”

According to the presidential spokesman, other agreements announced and signed during the visit included $1bn for the establishment of a hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.

He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.

“An agreement valued at $363m for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.

“Other agreements undergoing negotiations include a $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.

“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,” Shehu added.

[/b]

63 Likes 6 Shares

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by ajepako(f): 5:10am On Apr 17, 2016
modath:


When is the Abode China Parry? smiley

OMO YORUBA TI E NI E..... grin cheesy

2 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Stalwert: 5:11am On Apr 17, 2016
[b]The part of the news omitted by the op

Reuters had reported that Adesina confirmed that loan agreement would be signed but he could not say how much until it was signed.

But the presidential spokesman told our correspondent on Saturday that there was no iota of truth in the report.
[size=18pt]
“There was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria,” he stated.

At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.[/size]

The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists.

Shehu said the President believed that the agreements concluded with the Chinese during the visit would have a huge and positive impact on key sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.

He said, “In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.

“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.

“A total of $1bn is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.

“For the housing sector, both companies also sealed a $250m deal to develop an ultra modern 27-storeyed high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”

According to the presidential spokesman, other agreements announced and signed during the visit included $1bn for the establishment of a hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.

He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.

“An agreement valued at $363m for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.

“Other agreements undergoing negotiations include a $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.

“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,” Shehu added.
[/b]

21 Likes 2 Shares

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Nobody: 5:13am On Apr 17, 2016
Stalwert:
op what stopped you from posting the entire contents of the news article? Which says no loan was taken but investments worth $6b were secured? Dishonesty will send many to hell repent.


Youngman, what is the aim of your arguement? The fact is no loan was signed for.

So?...

19 Likes 1 Share

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by modath(f): 5:19am On Apr 17, 2016
ajepako:


OMO YORUBA TI E NI E..... grin cheesy

Wetin you think before? cheesy




P.S

*Programmed Robots, AKA wailers*

Why don't you take a deep breath,& watch events for the next few days? The key words are currecy swap & investments not "CASH"

Fayose's "Missive from a disturbed mind" didn't achieve nothing!! cool

10 Likes 1 Share

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by malton: 5:22am On Apr 17, 2016
Gentle2015:



Youngman, what is the aim of your arguement? The fact is no loan was signed for.

So?...
...so you're being mischievous!

16 Likes 1 Share

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Nobody: 5:25am On Apr 17, 2016
blackpanda:
This OP is very mischievous. Wailers in disguise always spreading lies and half truths. OP gave u half of the story in order to advance his bias. This is nt on Saturday that there was no iota of truth in the park in Kogi State was also announced at the Nigeria-China
“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,” Shehu added.

[/b]

Definitely you don't know what you are saying. What has been hotcake on the media few days back is the signing of a Chinese loan by the president.

Now the presidency is debunking it and yet you are trying to cover it.

Now, let me politely ask you. Was any loan signed?

23 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Nobody: 5:30am On Apr 17, 2016
malton:

...so you're being mischievous!

... Was being mischievous with tryig to clear the air?

Our president did a yeoman job in China by getting those investors to invest BUT he sign a loañ? You guys are indeed what they call you

10 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Nobody: 5:43am On Apr 17, 2016
OP you don vex? Relax my man. Some people can be annoying but just overlook it.
Now over to them... Did President Buhari signed any loan in China?

6 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Chubhie: 5:48am On Apr 17, 2016
Gentle2015:


Definitely you don't know what you are saying. What has been hotcake on the media few days back is the signing of a Chinese loan by the president.

Now the presidency is debunking it and yet you are trying to cover it.

Now, let me politely ask you. Was any loan signed?
No good businessman will stake his money into an economy where the government deliberately leaves room for this kind of uncoordinated unhealthy speculations.

9 Likes 1 Share

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Burger01(m): 5:48am On Apr 17, 2016
Wailers and haters of progress everywhere.. I wonder what kind of opposition we are stucked with..how unfortunate for their block heads smiley

Keep wailing o..and keep &%£#@&-+% slowly undecided

8 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by bigtt76(f): 5:53am On Apr 17, 2016
So Adesina is trying to say Buba went all the way to China to go and eat Chinese branded indomie with fried eggs ko? Shebi e for kukuma eat de one wen Abdulrahman de fry next to my window naaa and save us the cost tongue

26 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by lilprinze: 5:55am On Apr 17, 2016
APC and buhari are the true definition of cluelessness and confusion.

12 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by 989900: 5:57am On Apr 17, 2016
Buhari did a good job in China (with the few facts we have).

It is still a developing story, why don't y'all be patient as details roll in?

4 Likes 1 Share

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Nelkoko: 6:01am On Apr 17, 2016
God plz wen u go give dis govt sense?

3 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by mej67: 6:05am On Apr 17, 2016
Bring back our PDP!


Denials, Denials and more Denials by APC




Gentle2015:
The Presidency on Saturday said President Muhammadu Buhari did not sign any loan deal with the Peoples Republic of China during his just-concluded one-week working visit to the country.

The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, gave the clarification in an interview with SUNDAY PUNCH.

Ahead of Buhari’s trip which started last Sunday, there were media reports that he would sign a $2bn loan deal with China during the visit as the Federal Government sought funds to finance the over N2tn budget deficit.

http://www.punchng.com/buhari-didnt-sign-any-loan-deal-with-china-presidency/

7 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by LoveMachine(m): 6:06am On Apr 17, 2016
So wahala when you think he got a loan? And wahala when it is revealed he secured investments? Sometimes you have to leave angry people to be angry.

10 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Leeeekeeee: 6:06am On Apr 17, 2016
Possibly he Thumb printed..

Dullards hardly sign..

10 Likes 1 Share

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by BekeeBuAgbara: 6:11am On Apr 17, 2016
Could it be that somebody listened to Fayose warning?

7 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by castrogee(m): 6:22am On Apr 17, 2016
Nonsense! this is just nuance twisting by FG. What is the difference between securing a loan and securing a fund for infrastructural devt. Won't the funds be paid back, either in cash or kind? Or is the fund a dash/gift, well, they have got gullible fellows who they can deceive at will.

14 Likes

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Stalwert: 6:23am On Apr 17, 2016
[s]
Gentle2015:



Youngman, what is the aim of your arguement? The fact is no loan was signed for.

So?...
[/s]

may Allah not allow one to be deceiving and lying because of hate at your very old age. amin

7 Likes 1 Share

Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by DaBullIT(m): 6:30am On Apr 17, 2016
In God we trust

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