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Nairaland Forum / Nairaland / General / Politics / Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China (27033 Views)
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Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by derecho(m): 5:04pm On Apr 17, 2016 |
malton:Bros,instead of attacking "the Oyinbos" why not wait to see the kind of agreement Nigeria is entering into,did the oyinbos sign with PBOC or the "private bank"?,do they have the same import habits like Nigeria?,so many other things should be considered. Finally,Must we borrow because UK borrowed? |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by 989900: 5:05pm On Apr 17, 2016 |
banmee: Deals are about gains for both parties, who gains the more can be evaluated when you have full facts and figures. If what we think it is is what it is, it is a win-win situation then. 1 litre of PMS sells for N86.50 (no fuel scarcity, next fuel station is just 1km away), I am out of fuel along Ore-Benin road, you siphon 10 litres from your car and sell to me at N930 instead of N865 -- we both win sort of: you make profit; I get out of jail! 2 Likes |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by robonski15(m): 5:07pm On Apr 17, 2016 |
banmee:My thoughts exactly.. well said 1 Like |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by miqos02(m): 5:09pm On Apr 17, 2016 |
ok |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by IGLE25(m): 5:22pm On Apr 17, 2016 |
That question is left for the journalist to ask the Government officials when they return from their trip to China.. I think they are actually in best position to answer this since the writer did not go with them to China. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Nobody: 5:25pm On Apr 17, 2016 |
The article is full of assumption, nothing concrete in it. Not until the facts about the pack Nigeria entered with China is officially made available to the masses would one be able to analyze it properly. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 5:29pm On Apr 17, 2016 |
989900: I deliberately added the last part to see if you would get it and you don't. You said the west has spies in our ranks as if that is new. Germany has spies in the U.S and the U.S has in Germany. That does not stop them from being allies. My point is Nigerians act too naive in world politics. Every country is selfish and will not do anything unless it furthers it's self interest. 1 Like |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by 4nobody4every1: 5:41pm On Apr 17, 2016 |
laurel03:This got me laughing real hard, the ex Oga drinks Sapele water also called kainkain
|
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by ken4jj(m): 5:44pm On Apr 17, 2016 |
Johnrake69: I thought that is what the commenters wanted to address but as usual, we have left the critical questions and be chasing shadows. None of the posters so far has even attempted to address the questions. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Kainene77: 5:46pm On Apr 17, 2016 |
banmee: Exactly but because Nigerians are too lazy to do some thorough research in order to gain a profound understanding of world politics and economics they will repeat what everyone else is saying over and over again and that is "The West is evil. They don't want us to develop." Now they look to the Chinese as their saviors and in a few years they will blame the Chinese for their shortcomings when the Chinese do what every sane government should do, pursue their own self-interest and do business as usual. Nigerians are too naive because they are too lazy to study complex realities and would rather make simplistic statements that explain the world to them in black and white because this is easier to understand. The blame the IMF and the Chinese are expanding their power of influence there. They hate on America but America is the top export destination for their products. I taya o. 2 Likes |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Kainene77: 5:53pm On Apr 17, 2016 |
banmee: It was the same with the structural adjustment programs (SAP). They worked in some regions but mostly failed in Africa. Not because the USA or the IMF wanted to sabotage African countries but because Nigerian leaders didn't implement them like they were supposed to do. Then they told their people that the West deceived them and Nigerians actually believe it. The only mistake that the IMF made with the SAPs was to trust that African leaders can be trusted to implement them in an efficient way. 2 Likes |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by collinsVP: 5:53pm On Apr 17, 2016 |
brb |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 5:54pm On Apr 17, 2016 |
Kainene77: Well said. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Kainene77: 5:55pm On Apr 17, 2016 |
Volksfuhrer: Nigeria is free to choose its allies as much as they want. Who is stopping Nigeria from doing so? And how is the USA your enemy when it is your top export destination? |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by amobii: 5:56pm On Apr 17, 2016 |
Just because they want to criticise they start telling lies around, I know all they want is for them to see Nairn going down day by day, anything to reduced pressure on Naira would never be a good thing to them. This is the copy of UK doing the same http://uk.mobile.reuters.com/article/idUKKCN0SF0Q920151021?irpc=932 |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Kainene77: 5:58pm On Apr 17, 2016 |
jameseva: Surprise me! |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by akigbemaru: 6:03pm On Apr 17, 2016 |
China deal |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 6:06pm On Apr 17, 2016 |
Kainene77: I had a discussion with my boss last week. He was asking me what has moving to America positively done for me. I did not hesitate. I told him that it was EXPOSURE. He did not understand. He said that he thought that i was a graduate before moving to America and because of that i was exposed. I told him that i used to think that way too until i moved there. There is a big big difference between education and exposure. Nigerians lack exposure which is why the mindset remains the same since independence. It is one thing to read about something, it is something else to experience how things really work. Nigerians have a long way to go. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Kainene77: 6:07pm On Apr 17, 2016 |
amobii: The Naiara is already down and has been depreciated by the harsh economic realities. The value is being held up artificially. Devaluation would only reflect its real value and as it is traded on the parallel market. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by usy309(m): 6:09pm On Apr 17, 2016 |
laurel03: Baba no dey take fura....E dey make old people sleep.... Na only work en sabi.... |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Kainene77: 6:12pm On Apr 17, 2016 |
banmee: Well, not everyone who travels benefits from exposure in such a way. I guess, it is your personality, education combined with exposure that made you reason the way you do now. So take some credit for this positive development of your mind and mindset. Yes, Nigerians have a very long way to go. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by AlanSugar(m): 6:16pm On Apr 17, 2016 |
Chukwu94: Too badt! Well, u a either pdp or apc otherwise this forum is not for you, bye! |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by yaki84: 6:17pm On Apr 17, 2016 |
theV0ice: u no be nigerian? na which peoppe u thi k say suppose make this toothpick sef? if we r not careful buhari go leave power naija will still be importing toothpicks cos d last time I checked no frame work nor plans by any nigerian to start up toothpick factory. we still making noise naija dey import toothpick, no one wants to invest in dat sector cos I believe they think its not worh dd sweat. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by 989900: 6:27pm On Apr 17, 2016 |
banmee: You'r probably quoting the wrong person. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by yaki84: 6:30pm On Apr 17, 2016 |
I heard jonathan first initiated this deal with the chinese. maybe we were so consumed by bokoharam wahala n we did not understand what was happening. . just like the TSA, I hope jonathan will not be mentioned n villified when it turns bad. another question d op put to nigerians was why did nigeria made d swap deal with state bank instead of the central bank of china? also how much did nigeria swap with the chinese? how much will be paid as interest to the chinese at d expiration of the deal? these r questions that needs to be asked not commending the president when we r yet to be fully brief on the suppose china trip. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by onatisi(m): 6:35pm On Apr 17, 2016 |
Johnrake69:And the amount that is been swapped. Why the secrecy ? |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Joel3(m): 6:39pm On Apr 17, 2016 |
there are too many unanswered questions. thanks anyway. but this still didn't change the fact there is fraud in this scheme. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by benflin(m): 6:53pm On Apr 17, 2016 |
banmee:U guys have problems, u were the ones shouting this Government is only fighting corruption and no any economic policy, now the policies are coming u are shouting corruption again...get sense now |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by chukzyblingz(m): 6:54pm On Apr 17, 2016 |
I'm disappointed in Nigerian youths. They read but can not comprehend. Or was it love for PMB that blinded them from seeing the writer's view point? They ignored the issues raised and started praising PMB. The west did theirs with transparency. The real reason for this article is to provide answers to this issues raised. Too Many unanswered questions. 1 Like |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by banmee(m): 6:59pm On Apr 17, 2016 |
benflin: You are the kind of Nigerian I am talking about. Quote anywhere I have ever said that. Corruption might be Normal to you but every right thinking person in the world knows nothing can be achieved without tackling that first. 2 Likes |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by aresa: 7:00pm On Apr 17, 2016 |
Johnrake69: The only thing the writer left out which I don't think was intentional was the fact that both PBOC and ICBC are owned by the Chinese Government. PBOC is their Central Bank while the also have 4 other banks like the Agricultural Bank of China dealing with Agric lending and infrastructures, China Construction Bank dealing with general construction and so on. We are dealing with the ICBC because it's an investment Bank. They issue loans and invest in infrastructures. The ICBC loaned $400 million towards the completion of the 1,870 MW Gibe III dam in Ethiopia hence engaging them to fund our rail system and other projects.. It makes little or no difference, they are both owned by the Chinese government.. |
Re: Feyi Fawehinmi: How To Make Sense Of Nigeria’s Currency Swap Deal With China by Volksfuhrer(m): 7:16pm On Apr 17, 2016 |
Kainene77: Stop being naive! Trade and diplomatic relations between two states doesn't necessarily imply friendship. A question for you wise one: does the U.S trade with China? I believe the answer to that is 'yes'. Yet China has no pretensions about the U.S as her number one enemy. Does that answer your question. And one more thing, when I used the term "the West" I was not referring to the U.S alone. I included all Western countries and their institutions of oppression (and neo-colonization) like the IMF, World Bank, NATO, etc. |
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