W

delpee:
I sincerely pray that we don't end up becoming slaves to the Chinese many years down the line. We're taking too many loans all secured on our prime assets if I got the terms right.

Look at the positive side. Americans are more indebted to the Chinese than any other country in the world. The Asians are far more likely to help Africa develop than the west.

The ancient narrow guage left by the British was only meant to convey raw materials from the hinterland for onward transportation to the UK.
As long as the loans are not taken in cash and then stolen. If they are tied to projects like power plants, railroads, steel and stuff like that we cannot lose.

Nigeria that is richly blessed with human and material resources is collecting loan. Rich man borrowing money. Who do us abeg?

EngrKem:
Amaechi for President.
Tinubu and South West Should be patriotic and support Amaechi to be the next president of nigeria

Even when Amaechi's people will not vote for him?

celeiyke:
They are just approving. Funds will be released in 2022 and looted by Feb 2023. There the story ends

Just as the Lagos-Ibadan expressway and the Lagos-Ibadan Railway which Amaechi inspects every week and monitors the work progress. Why is it that good news makes you sad? Do you hate progress?

EngrKem:
Amaechi for President.
Tinubu and South West Should be patriotic and support Amaechi to be the next president of nigeria

It's not South-South's Turn yet, Its not even up to 4 years Jonathan left Aso Rock. But I commend his good deeds so far.

Bolustical:
[s][/s]
That's your own problem.

Even the US owes China in trillions.

Nigeria isn't borrowing to sustain consumption but to build infrastructure that will not only provide jobs and make life better but also repay the loans borrowed.

l agree with your post but my only concern is for contractors pocketing funds via greedy wicked politicians and not deliver the mandate of the FG

Amechi has made us proud again kudos to President Buhari and our able minister Hon Rotimi Amechi

MadamExcellency:
To be commissioned in 2050.

Nigeria should beware on Chinese goose and handouts. It's more dangerous than poverty.

Yet we compare with Kenya et al, who grew under the guidance of China? Are we sure critics are alright in this country?

hopexter:


It's not South-South's Turn yet, Its not even up to 4 years Jonathan left Aso Rock. But I commend his good deeds so far.

Jonathan was a clueless leader. See how Buhari is developing the infrastructure of this country

MadamExcellency:
To be commissioned in 2050.

Nigeria should beware on Chinese goose and handouts. It's more dangerous than poverty.

If only previous govts had started it, it will be complete by now. Show some appreciation

The question i want to ask is this.....Do they have plans to service the loans in a timely fashion so as to minimize the amount of interest and overall cost? These bastards have no plans whatsoever....building infrastructure from loans is not something to blindly jubilate over.....With all the OIL wealth....what have they done with it They pay themselves with oil money and borrow to do what they were elected to do....Nigerians are dvmb as a rock i swear....Nigerians don't know what's best for them...they are like little children.....think about it!!!!

Whatever you can do to keep Nigeria working,am in full support. Network the entire nation and see how the economy will jump ..The white aren't praying for us to get it right ,however with Buhari on the saddle..things will work because the tactics of shop shop won't be tolerated . God bless Ameachi for the vision

For
those
saying
China
will
buy
Nigeria

Agugbadin:


Jonathan was a clueless leader. See how Buhari is developing the infrastructure of this country

I wouldn't say clueless. They both have their own individual stratagem. Jonathan ignored infrastructure and development and tackled Hunger while Buhari ignore hunger and face corruption and infrastucture/development.

oh

delpee:
I sincerely pray that we don't end up becoming slaves to the Chinese many years down the line. We're taking too many loans all secured on our prime assets if I got the terms right.

You are right

We have governors, they go to China and spend one month on a tour and come back with MoU on debts.

“China will lend you $1.8b to build light rail. This light rail will be done by workers from China, the trains will come from China, the engines will come from China, the labor will come from China while the driver is Chinese. “At the end of the day, what do you benefit from them? Your citizens will ride on a train and when you ride on a train in northern Nigeria, in a state like Kano or Katsina, where are you going to? You are not going to industrial estate to work. You are not going to school. You are not going to the farm. You borrow money from China to invest in trains so that your citizens can ride on them to go for weddings and naming ceremonies.”


SLS

delpee:
I sincerely pray that we don't end up becoming slaves to the Chinese many years down the line. We're taking too many loans all secured on our prime assets if I got the terms right.

Which too many loans? Do you know how much America is owning?

Asshurbanipall:
This is good for the economic capital of the SE- Onitsha

If the SE knows what is best for them, they should learn from Lagos and Abuja and reorganize that place called Onitsha quickly. It is becoming too contested for effective movement on and out of it. even the second Niger bridge runs into Onitsha main town like the first.

You know nothing about Onitsha. 2nd Niger bridge runs through virgin lands and bust at Onitsha-Owerri highway where there will be a cloverleaf flyover interchange like the one at Upper-Iweka.

The 1st Niger bridge joins this 10 lanes suoerhigh that runs through the city. Only Lagos, Abuja and PH has this type of road shown below and it is in Onitsha. So moving in and out of the city is so easy and smooth

CodeTemplar:
If the SE knows what is best for them, they should learn from Lagos and Abuja and reorganize that place called Onitsha quickly. It is becoming too contested for effective movement on and out of it. even the second Niger bridge runs into Onitsha main town like the first.

Ok.

kaen1317:
Government with no direction.

Hahahahahaha....................


Behold a pained fellow who see no good in this regime just because they didn't share the future of his unborn child.

delpee:
I sincerely pray that we don't end up becoming slaves to the Chinese many years down the line. We're taking too many loans all secured on our prime assets if I got the terms right.

.
China can use the whole of Africa as a fallback in this trade war. I don't know how, but they can.
Recently, China gave a warning to UK.
.
We just have to be careful with China.

plaindealer:
Wonderful.
I applaud the FG and Amaechi.

. Keep applauding, China is involved. . Take note.

The money will grow wings or be swallowed by snake.

YourNemesis:
With the explanation and details in the article, I don't see how that is a COASTAL rail... basically a Southern Nigeria railway system.

Then define a costal city and identify coastal cities in Nigeria.

Built2last:
Next level borrowing.
Let me be stockpiling bitcoin first.
Nigeria will not escape this doom coming

Even the world leader, US is borrowing. Children of hate everywhere

Great