Almajiri1:
As long as it gets easier and cheaper to import from China, expect more job losses as industries close shop.

kazyhm:




you know ?
when the differences are the same
its very difficult to explain that Jesus is the Christ, not a Christian but the followers are to an intelligent church attender.

elmisti:
Very very clumsy write up filled with assumptions and fallacious elements!.....before u brand me a wailer....Nope am not a full time wailer but Nigeria-china..I will wail!

Here is my angle of argument



#1--Yuan is nowhere near the dollar and should never b compared to it...d distance is jst too far! No body is equating them oga. Yuan is still closer to Dollar than naira.

#2--Nigeria major export which is oil still sell with dollar. Nobody contend that sir. the currency deal is no trade abolition. We will continue to sell oil in dollars. We only desire a reduction in our over dependency on USD. Dollar is like the middle man between the producer(Yuan) and the consumer(naira). simple economics made us to understand that the elimination of middle men most time lead to reduction in the price of goods and services.

#3--No ntion can run away from dollar, even russia reserve is in dollars! We are not running. We are mitigating the effect of dollar on our currency especially since we need to diversify the base of our economy.

#4---why is Dangote getting his loan in dollars and not Yuan The measurement of world currency in USD. That does not make USD the highest currency or most healthy. The fact that a lot of economies trade in USD is one of the sources of its strength.

#5--70% of import from china is jst a number, u mean spoons, ceramics, fake electronics nd co Our exchange of oil with netherlands beat the price of our exchange with china in a year!. The quantum of spoons, ceramics, fake electronics and co from China in a year is massive enough to affect our foreign reserve negatively. The common man is more interested in his basic needs than those luxury goods from the west. We sell oil to netherland and receive inflow, we buy things from china which leads to outflow. The effect on naira is never and will never the same.

#6--Even if they try to twist their way out of dollar, what of gold?? Dont go there oga, it is a topic for further discussions.

#7---If china keep filling our market with their goods...what happens to our own local industry Currency deal is not trade deal sir! the trade policy has not change. The quest to industralised the economy has not change. We have been importing from china and we will still continue to the point where we are self sufficient. Investment in production and infrastructural capacities in exchange for raw materials and mineral resource is at the fore front of this economic relationship between China and Nigeria as opposed to 'Developing our underdevelopment' approach of the west. IMF conditionalities, has never help any economy except the funders. Ask Greece.

#8--China Yuan is one of the unstable currency of d world! Hmmm, What make one of the most unstable? It is still stable than naira oh bros.


Am done wailing, sm1 shld hand me tissue paper to clean up......God jst keep using dis nation to show isrealites that 40yrs in d wilderness is a generous punishment

elmisti:
Very very clumsy write up filled with assumptions and fallacious elements!.....before u brand me a wailer....Nope am not a full time wailer but Nigeria-china..I will wail!

Here is my angle of argument



#1--Yuan is nowhere near the dollar and should never b compared to it...d distance is jst too far!

#2--Nigeria major export which is oil still sell with dollar

#3--No ntion can run away from dollar, even russia reserve is in dollars!

#4---why is Dangote getting his loan in dollars and not Yuan

#5--70% of import from china is jst a number, u mean spoons, ceramics, fake electronics nd co Our exchange of oil with netherlands beat the price of our exchange with china in a year!

#6--Even if they try to twist their way out of dollar, what of gold??

#7---If china keep filling our market with their goods...what happens to our own local industry

#8--China Yuan is one of the unstable currency of d world!


Am done wailing, sm1 shld hand me tissue paper to clean up......God jst keep using dis nation to show isrealites that 40yrs in d wilderness is a generous punishment

Dollyak:
This deal was driven by rising wages in China, and the need to reduce their exposure to increasingly protectionist western markets as the Chinese transition to high value manufacturing, and automation erodes their cost advantage. Anyways, once the haircuts ( ) are taken, it would be interesting to know how much of the said $6 billion actually goes into the required work and how much ends up in the BVI.
In any case, it is in Chinese interests to get a firm foothold in Nigeria's emerging market before it gets too crowded.

The unbalance of trade problem is definitely real with this deal.

Abugab:


Doubting Thomases
Una no go tire?
Do you even believe in your existence?

kajoula:

[size=18pt]You be Fulani ni ?[/size]

ojuolu:
. Please see the big picture sir.

Dollyak:
This deal was driven by rising wages in China, and the need to reduce their exposure to increasingly protectionist western markets as the Chinese transition to high value manufacturing, and automation erodes their cost advantage. Anyways, once the haircuts ( ) are taken, it would be interesting to know how much of the said $6 billion actually goes into the required work and how much ends up in the BVI.
In any case, it is in Chinese interests to get a firm foothold in Nigeria's emerging market before it gets too crowded.

The unbalance of trade problem is definitely real with this deal.

ofesko121:
i so much believe in buhari even with the harsh economic situation. i cant just explain the love for this man

justmenoni:
oga curse me..who ur cure don epp..u dey curse u never balance yet u dey blame ur village peole..oga reason ur life ooo and free mine..

Drclassic:
I pray this will boost our country

Sant1m:
Like me, i just feel that if PMB fails then it will take another generation to help us. Great leader don't always fall on the category of Mr Nice Guy, or Mr Smart or handsome guy. I just love him

Princeizuu:
Nigeria – China Currency Deal
The major advantage is that if an importer is to buy a good from China worth 6467 Yuan. He will first need to change his naira to dollar. (N320,000=$1,000 ) then change the $1,000 dollars to Yuan which is 6467.00 . But if he decides to change to Naira directly then 1 Yuan is N30.80 naira x 6467 = 199,209.24 .

In the first Calculation he will be spending 320,000 – 199,204.24 = 120,796. In the first process , the importer will lose 120,796 just because of the currency conversion. But with this new deal importers will have a lot to save and we should also expect a reduction in the price of goods exported from China

ichidodo:
Shibobo..

mbatuku1:
Nigeria has sold it's soul to China through Mallam Buhari.

Drclassic:
I pray this will boost our country

elmisti:
Very very clumsy write up filled with assumptions and fallacious elements!.....before u brand me a wailer....Nope am not a full time wailer but Nigeria-china..I will wail!

Here is my angle of argument



#1--Yuan is nowhere near the dollar and should never b compared to it...d distance is jst too far!

#2--Nigeria major export which is oil still sell with dollar

#3--No ntion can run away from dollar, even russia reserve is in dollars!

#4---why is Dangote getting his loan in dollars and not Yuan

#5--70% of import from china is jst a number, u mean spoons, ceramics, fake electronics nd co Our exchange of oil with netherlands beat the price of our exchange with china in a year!

#6--Even if they try to twist their way out of dollar, what of gold??

#7---If china keep filling our market with their goods...what happens to our own local industry

#8--China Yuan is one of the unstable currency of d world!


Am done wailing, sm1 shld hand me tissue paper to clean up......God jst keep using dis nation to show isrealites that 40yrs in d wilderness is a generous punishment

elmisti:
Very very clumsy write up filled with assumptions and fallacious elements!.....before u brand me a wailer....Nope am not a full time wailer but Nigeria-china..I will wail!

Here is my angle of argument



#1--Yuan is nowhere near the dollar and should never b compared to it...d distance is jst too far!

#2--Nigeria major export which is oil still sell with dollar

#3--No ntion can run away from dollar, even russia reserve is in dollars!

#4---why is Dangote getting his loan in dollars and not Yuan

#5--70% of import from china is jst a number, u mean spoons, ceramics, fake electronics nd co Our exchange of oil with netherlands beat the price of our exchange with china in a year!

#6--Even if they try to twist their way out of dollar, what of gold??

#7---If china keep filling our market with their goods...what happens to our own local industry

#8--China Yuan is one of the unstable currency of d world!


Am done wailing, sm1 shld hand me tissue paper to clean up......God jst keep using dis nation to show isrealites that 40yrs in d wilderness is a generous punishment

omobaekiti:

I should have educated you on the matter as I see your education on the matter is sadly lacking but you confessed that you are wailing,which translate to mean you would not be intellectually honest," intellectual honesty is characterized by your readiness to scrutinize what you believe and listen to other evidence available" but in your wailing mode I don't think that is possible. So I will save my time by not wasting it on you.