Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,811 members, 7,817,352 topics. Date: Saturday, 04 May 2024 at 10:48 AM

FG Secures $7.5bn Loan From China For Rail Project - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Secures $7.5bn Loan From China For Rail Project (10310 Views)

Buhari Completes 12 Stations Of The Abuja Light Rail Project (Pictures) / FG Secures 13% Derivation Mining Revenue For States / Amaechi Seeks National Assembly's Approval To Borrow $1.5bn Loan From China (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: FG Secures $7.5bn Loan From China For Rail Project by Justjyde(m): 9:20am On Feb 13, 2017
dimexy247:
Let's hope they spend it on the proposed project. Ion trust this govt 1 bit.
Most of these loans will likely arrive the shores of Nigeria in the form of Chinese hardware and personnel to supervise the project. Like Public Privarte Partnership, a loan is normally mutually beneficial to the parties involved.

My worry lies in not knowing how much core benefits were squeezed out in Nigeria's favour. You know, if you approach me with your hat in hand, I will give you some change. But if you make a business proposition to me, we will both be richer in the long run.

So, which of these two scenarios capture the terms of these Chinese loans? Please educate me.
Re: FG Secures $7.5bn Loan From China For Rail Project by freeborn76(m): 9:20am On Feb 13, 2017
thisisayus:
When will these people ever focus on projects that will build our economy and not the ones they'll use in stomaching money abroad?
If you care to know, these loans are tied to a project that will never develop third-world's economy! That's what they do so that you'll keep coming.
The last time I wrote something on it, it was deleted on twitter the developed economy cos now they know few people know.
Whatever happened to Power? Mines and Steel? Revamping the education sector to meet with 21st century need?
Will the rail project be given to indigenous companies? Very soon, Sarathief will come online to campaign for "buy naija to grow the naira"

Our acclaimed leaders will get loans from them, award the contracts to them with a promise to get 10% from the awarded contracts and when they are about repatriating the fund, it'll go along with their 10% in an account the multinationals opened in their name in their country.
How will they ever want our indigenous companies to grow and some bastards will still come here to sing their praises!

https://www.nairaland.com/3624014/very-clean-tokunbo-toyota-corolla#3624014.4

What is this one saying? Do you know the value of rail transportation to national development at all?

1 Like 1 Share

Re: FG Secures $7.5bn Loan From China For Rail Project by wellmax(m): 9:22am On Feb 13, 2017
thisisayus:
[s]When will these people ever focus on projects that will build our economy and not the ones they'll use in stomaching money abroad?
If you care to know, these loans are tied to a project that will never develop third-world's economy! That's what they do so that you'll keep coming.
The last time I wrote something on it, it was deleted on twitter the developed economy cos now they know few people know.
Whatever happened to Power? Mines and Steel? Revamping the education sector to meet with 21st century need?
Will the rail project be given to indigenous companies? Very soon, Sarathief will come online to campaign for "buy naija to grow the naira"

Our acclaimed leaders will get loans from them, award the contracts to them with a promise to get 10% from the awarded contracts and when they are about repatriating the fund, it'll go along with their 10% in an account the multinationals opened in their name in their country.
How will they ever want our indigenous companies to grow and some bastards will still come here to sing their praises!
https://www.nairaland.com/3624014/very-clean-tokunbo-toyota-corolla#3624014.4[/s]
Re: FG Secures $7.5bn Loan From China For Rail Project by eduson33(m): 9:23am On Feb 13, 2017
wellmax:


Which nation on earth operates without borrowing.
Nigeria has given up on you.

so borrowing for a rail way is the most important problem your country is having
they would have borrowed for something reasonable..

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by signz: 9:26am On Feb 13, 2017
What about the Lagos - Calabar rail line project?

Whats the latest?
Re: FG Secures $7.5bn Loan From China For Rail Project by magoo10(m): 9:27am On Feb 13, 2017
clueless and incompetent govt ,you want to put Nigeria in more debts running into billions of dollars with no clear cut policy on how to pay off the debts thereby causing more hardship for Nigerians and problems for incoming govts.
s this not the same reason why this govt

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by Nobody: 9:28am On Feb 13, 2017
You don't know and you feel you know so you may never know!
Somethings come before somethings
Explain how you'll use such project to revive a recessed economy?
freeborn76:


What is this one saying? Do you know the value of rail transportation to national development at all?

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by sunnyside16(m): 9:28am On Feb 13, 2017
All this our govt sef everything na loan loan loan.

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by manuelseph: 9:29am On Feb 13, 2017
Abeg make them give me the contract
Re: FG Secures $7.5bn Loan From China For Rail Project by magoo10(m): 9:31am On Feb 13, 2017
clueless and incompetent govt ,you want to put Nigeria in more debts running into billions of dollars with no clear cut policy on how to pay off the debts thereby causing more hardship for Nigerians and problems for incoming govts.

is this not the same reason this govt has been blaming GEJ administration.
Amaechi is a thief and a rougue we dont trust him,he was part of the almost 16years rule of the pdp.

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by Nobody: 9:32am On Feb 13, 2017
thisisayus:
When will these people ever focus on projects that will build our economy and not the ones they'll use in stomaching money abroad?
If you care to know, these loans are tied to a project that will never develop third-world's economy! That's what they do so that you'll keep coming.
The last time I wrote something on it, it was deleted on twitter by the developed economy cos now they know few people are wise.
Whatever happened to Power? Mines and Steel? Revamping the education sector to meet with 21st century need?
Will the rail project be given to indigenous companies? Very soon, Sarathief will come online to campaign for "buy naija to grow the naira"

Our acclaimed leaders will get loans from them, award the contracts to them with a promise to get 10% from the awarded contracts and when they are about repatriating the fund, it'll go along with their 10% in an account the multinationals opened in their name in their country.
How will they ever want our indigenous companies to grow and some bastards will still come here to sing their praises!

Explain how you'll use such project to revive a recessed economy?

https://www.nairaland.com/3624014/very-clean-tokunbo-toyota-corolla#3624014.4

Well

1.A railway project makes transport of products much easier...which could help reduce prices.

2.Railways could be used to transport things like cattle...which would help to end the pesky herdsmen v farmer clashes occuring over the country

3.Railways transport passengers....which means savings on transport

4.And of course....jobs provided...both directly and indirectly.

I am not fond of us taking loans...except for things like power and transport infrastructure. That is where taking loans makes sense.

1 Like 1 Share

Re: FG Secures $7.5bn Loan From China For Rail Project by wellmax(m): 9:39am On Feb 13, 2017
eduson33:


so borrowing for a rail way is the most important problem your country is having
they would have borrowed for something reasonable..
Like what Mr. know it all.
I suppose you are still in secondary school and don't know the economic benefits of such big project.
Re: FG Secures $7.5bn Loan From China For Rail Project by jpphilips(m): 9:41am On Feb 13, 2017
thisisayus:
When will these people ever focus on projects that will build our economy and not the ones they'll use in stomaching money abroad?
If you care to know, these loans are tied to a project that will never develop third-world's economy! That's what they do so that you'll keep coming.
The last time I wrote something on it, it was deleted on twitter by the developed economy cos now they know few people are wise.
Whatever happened to Power? Mines and Steel? Revamping the education sector to meet with 21st century need?
Will the rail project be given to indigenous companies? Very soon, Sarathief will come online to campaign for "buy naija to grow the naira"

Our acclaimed leaders will get loans from them, award the contracts to them with a promise to get 10% from the awarded contracts and when they are about repatriating the fund, it'll go along with their 10% in an account the multinationals opened in their name in their country.
How will they ever want our indigenous companies to grow and some bastards will still come here to sing their praises!

Explain how you'll use such project to revive a recessed economy?

https://www.nairaland.com/3624014/very-clean-tokunbo-toyota-corolla#3624014.4


The chinese Exim bank is not a charity organisation but a financial lender competing with the World bank and the IMF, the chinese give you loans at single digit interest rate but the materials and contract will be awarded to a Chinese company, those are the terms, if you don't like it, why not try World bank and IMF where you are supposed to have a programme like NEEDS before you get a kobo from them.
I don't like the Chinese terms either because it does very little to alleviate our GDP crisis, but the big question is; what choice do we have?
You know if IMF were to give you any form of assistance you must remove all your subsidies including the 5k and the school children feeding right?

3 Likes 1 Share

Re: FG Secures $7.5bn Loan From China For Rail Project by Nobody: 9:42am On Feb 13, 2017
philtex:
What a Clueless Govt...
Debt opon Dept.
Where are the recovered Loots
On Nigeria I Giveup. sad
pathetic you,who is the caused of all this? if not not your hero.
Re: FG Secures $7.5bn Loan From China For Rail Project by lordyugo: 9:45am On Feb 13, 2017
Aburi001:
IPOB identified

the word IPOB is like a viagra to simpletons like u

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by ISTANDWITHBUHAR: 9:47am On Feb 13, 2017
philtex:
What a Clueless Govt...

Debt opon Dept.

Where are the recovered Loots

On Nigeria I Giveup. sad

So you want the projects to be finance with stones?

recover loots that still have pending cases in courts? I wonder how GB you have upstairs..

1 Like 1 Share

Re: FG Secures $7.5bn Loan From China For Rail Project by teebell999(m): 9:49am On Feb 13, 2017
GreenMavro:
Make dem borrow the money from the one wey dem see for ANDREW YAKUBU BUNKER angry angry

While the govt is talking of $7.5 billion, you are here saying rubbish, telling them to borrow it from $9.6million + more pounds sterling. How is that possible?

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by ISTANDWITHBUHAR: 9:50am On Feb 13, 2017
GreenMavro:
Make dem borrow the money from the one wey dem see for ANDREW YAKUBU BUNKER angry angry




Please how much was the Andrew Yakubu money?
Re: FG Secures $7.5bn Loan From China For Rail Project by Kingspin(m): 9:51am On Feb 13, 2017
Federal government of Nigeria has been spending $7.5 billions since independence nothing to show.

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by tonio2wo: 9:53am On Feb 13, 2017
amechi don recover him money back!

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by michoim(m): 9:56am On Feb 13, 2017
Children of hate, strange children whose nature is falsehood; PDP/IPoB children are plenty in this forum.
Re: FG Secures $7.5bn Loan From China For Rail Project by holuphisayor(m): 9:56am On Feb 13, 2017
ISTANDWITHBUHAR:


So you want the projects to be finance with stones?

recover loots that still have pending cases in courts? I wonder how GB you have upstairs..
What happened to the loot of your present SGF?
Keep deceiving ursef...

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by AntiWailer: 10:04am On Feb 13, 2017
Zi:


Pay back in how many years? I hope you know that the FG is mortgaging the future of the next generation with all these loans?

Not all loan are future mortgaging. That is a myopic view.


When you collect loan and invest in infrastructure. The is nothing about mortgaging any future.

Lets read wide and not just follow what Ayo Fayose is promoting.
Re: FG Secures $7.5bn Loan From China For Rail Project by able20(m): 10:12am On Feb 13, 2017
philtex:
What a Clueless Govt...

Debt opon Dept.

Where are the recovered Loots

On Nigeria I Giveup. sad
No mind the useless APC government, EfCC employed some cheap Bloggers to write articles on social media
Claiming that they have recovered millions and Billions of Dollars from last govt. Just to justify the reasons
for recession.

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by Nobody: 10:17am On Feb 13, 2017
I don't trust this dubious govt!

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by ISTANDWITHBUHAR: 10:22am On Feb 13, 2017
holuphisayor:

What happened to the loot of your present SGF?
Keep deceiving ursef...


Loot of SGF? Most of you are just too daft for my liking? So 200million naira that none of you have evidence of is now worth $7.5billion ?


I swear most of you don't have something to think with hahah...

1 Like

Re: FG Secures $7.5bn Loan From China For Rail Project by Zi: 10:28am On Feb 13, 2017
AntiWailer:


Not all loan are future mortgaging. That is a myopic view.


When you collect loan and invest in infrastructure. The is nothing about mortgaging any future.

Lets read wide and not just follow what Ayo Fayose is promoting.
Congratulations, you are a good robot. You cannot reason or type beyond what you paymasters has programmed you to type undecided
Re: FG Secures $7.5bn Loan From China For Rail Project by keji3974(m): 11:08am On Feb 13, 2017
another sum on its way to an hidden safe
Re: FG Secures $7.5bn Loan From China For Rail Project by obailala(m): 11:10am On Feb 13, 2017
philtex:
What a Clueless Govt...

Debt opon Dept.

Where are the recovered Loots

On Nigeria I Giveup. sad
The wise question that should be asked first is, 'how much is the recovered loot so far and how does it compare to the loan amount in question?'

1 Like 1 Share

Re: FG Secures $7.5bn Loan From China For Rail Project by eduson33(m): 11:16am On Feb 13, 2017
wellmax:

Like what Mr. know it all.
I suppose you are still in secondary school and don't know the economic benefits of such big project.

Am sorry if my comment provoked you..

nice day!
Re: FG Secures $7.5bn Loan From China For Rail Project by 989900: 11:50am On Feb 13, 2017
thisisayus:
[s]When will these people ever focus on projects that will build our economy and not the ones they'll use in stomaching money abroad?
If you care to know, these loans are tied to a project that will never develop third-world's economy! That's what they do so that you'll keep coming.
The last time I wrote something on it, it was deleted on twitter by the developed economy cos now they know few people are wise.
Whatever happened to Power? Mines and Steel? Revamping the education sector to meet with 21st century need?
Will the rail project be given to indigenous companies? Very soon, Sarathief will come online to campaign for "buy naija to grow the naira"

Our acclaimed leaders will get loans from them, award the contracts to them with a promise to get 10% from the awarded contracts and when they are about repatriating the fund, it'll go along with their 10% in an account the multinationals opened in their name in their country.
How will they ever want our indigenous companies to grow and some bastards will still come here to sing their praises!

Explain how you'll use such project to revive a recessed economy?

https://www.nairaland.com/3624014/very-clean-tokunbo-toyota-corolla#3624014.4[/s]
Re: FG Secures $7.5bn Loan From China For Rail Project by Tayeni(m): 1:28pm On Feb 13, 2017
thisisayus:
When will these people ever focus on projects that will build our economy and not the ones they'll use in stomaching money abroad?
If you care to know, these loans are tied to a project that will never develop third-world's economy! That's what they do so that you'll keep coming.
The last time I wrote something on it, it was deleted on twitter by the developed economy cos now they know few people are wise.
Whatever happened to Power? Mines and Steel? Revamping the education sector to meet with 21st century need?
Will the rail project be given to indigenous companies? Very soon, Sarathief will come online to campaign for "buy naija to grow the naira"

Our acclaimed leaders will get loans from them, award the contracts to them with a promise to get 10% from the awarded contracts and when they are about repatriating the fund, it'll go along with their 10% in an account the multinationals opened in their name in their country.
How will they ever want our indigenous companies to grow and some bastards will still come here to sing their praises!

Explain how you'll use such project to revive a recessed economy?

https://www.nairaland.com/3624014/very-clean-tokunbo-toyota-corolla#3624014.4
you expect power and steel to work well without a well thought out transportation network? there are so many things to criticise but this is not one of them Oga. let's stop mouthing off just because....and start thinking critically ourselves.
Nigerians hard to please.... damned if you do: damned if you don't.

(1) (2) (3) (Reply)

Disquiet In APC As Governors Differ Over Moves To Reshuffle National Officers / Emiefele: More Heads May Roll As Investigators Beam Searchlight On CBN, NIRSAL / A Comparative Analysis Of Nigerian Legislators‘ Earnings With Other Countries

(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. 57
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.