When Olusegun Obasanjo left office. Africa was $76 billion out of debt. That was because he negotiated with the western world to reduce or eliminate the debt of 30 African nations.

Not even 12 years later Africa nations are back in debt, this time with a vengeance and they are crossing a dangerous line. In the past when nations went into debt if they cannot pay, someone like Obasanjo will go and negotiate them out of the debt.

This time around, African nations are falling in the Chinese debt trap. That is when China will borrow you money and ask you to use your mineral reserve in the ground as collateral. It means if you cannot pay the loan back they will come and take over your mineral reserve.

For example, an African nation with oil or gold reserve can use that reserve for collateral to borrow money easily. If they don't pay back the Chinese will come and take over that reserve in about 10 years. Chinese have already taken over airports and electricity companies in Africa. They will run these infrastructure and make additional billions from it. Soon they will take over higways and give them Chinese names like Shangai highway and build toll gates to collect money from you. And Africans will be singing and dancing.

Oh Africa, What has happened to you!

Almost all Sub Saharan African nations have gone to get this easy money. The Chinese do the assessment and tell the African nations what is in the ground and how much it is worth. The Africans agrees and burrow the money without the intention to ever pay back.

The problem is, this type of debt cannot be reduced or negotiated out. Soon the Chinese might own your village and you will be the slave and there is nothing you can do about it then. Meanwhile, Africans are busy sleeping and partying and spraying the little money they have while things fall apart around them.

This is how the first slave trade started. Now Africans are repeating history. Later, they will shout that nobody told them. But I am telling you now. It is time Africans must wake up before it is too late.

https://m.facebook.com/story.php?story_fbid=474844016355045&id=158338594672257

Gospel Truth

Do you need failure to tell you that failure is failure
Buhari Spent $322m Abacha loots and borrow $328m.

"What Nigeria have today is a failure.Never you reinforce failure."-OBJ.

It is only Buhari that could share $322m Abacha loot, then travel to China to borrow $328m.





If you are searching for definition of emptiness, just look at Buhari

BeeBeeOoh:
It is only Buhari that could share $322m Abacha loot, then travel to China to borrow $328m.





If you are searching for definition of emptiness, just look at Buhari

hmm

BeeBeeOoh:
It is only Buhari that could share $322m Abacha loot, then travel to China to borrow $328m.

If you are searching for definition of emptiness, just look at Buhari

Courtesy of Mr. Chain-ge ... But Nigerians will change it for him in 2019.

Indeed obj u Dey pray so

In Nigeria, failure, backwardness and recession are synonymous with Buhari.

Buhari Has Always Been A Failure To The Growth Of The Nation !!!




Kiss The Truth

Major debt


Thanks to the dullard

BeeBeeOoh:
It is only Buhari that could share $322m Abacha loot, then travel to China to borrow $328m.





If you are searching for definition of emptiness, just look at Buhari

you got that right!

the black man no get sense. until we admit we no get sense we will not progress.


"In character and temperament, the typical African of this race-type is a happy, thriftless, excitable person, lacking in self-control, discipline, and foresight. Naturally courageous, and naturally courteous and polite, full of personal vanity, with little sense of veracity, fond of music and loving weapons as an oriental loves jewellery. His thoughts are concentrated on the events and feelings of the moment, and he suffers little from the apprehension for the future or grief for the past. His mind is far nearer to the animal world than that of the European or Asiatic, and exhibits something of the animals' placidity and want of desire to rise beyond the state he has reached.

"Through the ages, the African appears to have evolved no organised religious creed, and though some tribes appear to believe in a deity, the religious sense seldom rises above pantheistic animalism and seems more often to take the form of a vague dread of the supernatural. He lacks the power of organisation, and is conspicuously deficient in the management and control alike of men or business. He loves the display of power, but fails to realize its responsibility - he will work hard with a less incentive than most races. He has the courage of the fighting animal, an instinct rather than a moral virtue. In brief, the virtues and defects of his race -type are those of attractive children, whose confidence when it is won is given ungrudgingly as to an older and wiser superior and without envy. Perhaps, the two traits which have impressed me as those most characteristic of the African native are his lack of apprehension and his lack of ability to visualize the future"
Lord lugard in his book dual mandates

thunder scatter Buhari Insha'Allah amin
Thunder scatter Buhari Insha'Allah amin
Thunder scatter aisha masha Allah amin

which debt

Ngcampuschat52:
which debt

GENERATIONAL CHINA DEBTS

BeeBeeOoh:
It is only Buhari that could share $322m Abacha loot, then travel to China to borrow $328m.





If you are searching for definition of emptiness, just look at Buhari

What else do you expect from a man with almajiri mentality?

It'll be difficult if not totally impossible retrieving a beggar's bowl from such individual.

Ok

Today, we have a government who has a very poor team of economic management, the only thing they care about, is how to borrow, share to their innefective state governors and stark up for election

Babu is borrowing another one as we speak, apc waiting to share de enocent fund

Borrowing is not the problem but the utilisation of the proceeds is what counts. The US, Brazil, Turkey and a host of others are massively indebted yet they function optimally.

My concern is those at the helm of affairs in the country do not inspire confidence in terms of their ability to transform the lives of the populace with the borrowed resources by creating wealth with the intentions to repay the loans.

So obj is a hero now

Very Strong words..APC must go away

Make I sing the new version.......
this Is Africa... Africa my Africa

It's Unimaginable

Buhari Why?




GIVE YOUR SKIN A TREAT, CHECK MY SIGNATURE

tigerclaws:
thunder scatter Buhari Insha'Allah amin
Thunder scatter Buhari Insha'Allah amin
Thunder scatter aisha masha Allah amin

.

Any psychiatrist doctor in the house a mental patient spotted.

HOW THE HELL DID THAT HAPPEN?