Yet the dead wood in aso rock Is busy collecting massive loans with fraudulent terms from China. Loans he has no plans of paying back!

Their eyes go open when they go hear say China don seize Lagos ports.

My friend visited the african union building. The au still owes the Chinese for its construction o. The lifts there announces in Chinese first before English. Africa is doomed

Okay

If he is a drunkard, so what do we call the one in Aso rock??

He is a president that read , not our Lifeless president

SIRTee15:


I read Paul Kagame's article on African dependence on foreign loan...and it really got me thinking....
The truth is africa will never develop...so long as we look to foreigners for our financial or economic sustainance....

The present global economic n financial system was designed to benefit mainly western nations....
They may allow few other countries benefit from the arrangement for personal reasons.....viz a viz Singapore, south korea, taiwan, honk kong....

When globalisation n free trade came, China was smart enough to notice the loopholes in the deal n they exploited it ruthlessly....

Now lets get something clear....
Neither west nor China likes africa, and they will never give us any favourable terms....

We really need to look inward.....
We have the resources and Africans should develop its own infrasctural need....
Looking to China to build our roads n bridges is not sustainable on the long run....
The only thing we need from foreigners is technology transfer....
Let's insist on technology transfer during business transaction.....

What's lacking in Africa is technical skills n knowledge application....not money....
We can't develop an ecosystem where value is added to our resources.....

Lets forget about the loans...we don't need it....a borrower is always a slave to the lender...
we can print our own money if need be.....it's just a piece of paper....

Right now, African countries can't print money to meet its own need, because we depend on foreigners too much to get things done....
Of course, they won't accept our currency as a form of payment because it's useless to them.....
Therefore, let's work towards when foreign currency will also be useless to us....

Why should our people be subjected to perpetual poverty by selling our resources cheap.... just because we servicing a piece of paper called dollar or yuan.......

The new generation of Africans should think outside the box n create our own economic n financial system.....
That's the only way to true independence and wealth creation on the continent.....

There is this book ‘confessions of an economic hit man’ by John Perkins. The book tells the story of how intelligent, brilliant and smart highly placed professionals are recruited to sell loans in form of ‘foreign aid’ to developing economies around the world in exchange for contracts-consultancy, engineering, procurements etc.
The said aids are funneled through World Bank, USAID and the likes, same men who sold these loans to them in turn introduce our leaders to other business transactions for their selfish interest.
Don’t be surprised that these guys sponsor and rig elections, sponsor assassins, extortion, blackmail some of these leaders to submission.
We should be able to develop ourselves no doubt, but they are waiting for us at every corner we turn, don’t forget that the technology with which we intend to navigate our way out of poverty is owned 100% by them.
We need leaders who can beat them at their game, we need an insider, like MKO Abiola.

Thanks for a reasonable African leader for coming out plain unlike the unreasonable, nepotic, good for nothing self centered drunkards parading themselves in the corridors of power in this country that have sold the unborn generation of the country for selfish gratification

Dreambeat:
I only pray that China never become the most powerful country in the world.If she does it will spell doom to the underdeveloped countries especially those in Africa. Chinese are innately heartless and racist, far worse than the West.

There's no stopping them now.

Even if they don't become more powerful than the US.

20 years from now, they'll have their armies stationed all over the place.

SIRTee15:


I read Paul Kagame's article on African dependence on foreign loan...and it really got me thinking....
The truth is africa will never develop...so long as we look to foreigners for our financial or economic sustainance....

The present global economic n financial system was designed to benefit mainly western nations....
They may allow few other countries benefit from the arrangement for personal reasons.....viz a viz Singapore, south korea, taiwan, honk kong....

When globalisation n free trade came, China was smart enough to notice the loopholes in the deal n they exploited it ruthlessly....

Now lets get something clear....
Neither west nor China likes africa, and they will never give us any favourable terms....

We really need to look inward.....
We have the resources and Africans should develop its own infrasctural need....
Looking to China to build our roads n bridges is not sustainable on the long run....
The only thing we need from foreigners is technology transfer....
Let's insist on technology transfer during business transaction.....

What's lacking in Africa is technical skills n knowledge application....not money....
We can't develop an ecosystem where value is added to our resources.....

Lets forget about the loans...we don't need it....a borrower is always a slave to the lender...
we can print our own money if need be.....it's just a piece of paper....

Right now, African countries can't print money to meet its own need, because we depend on foreigners too much to get things done....
Of course, they won't accept our currency as a form of payment because it's useless to them.....
Therefore, let's work towards when foreign currency will also be useless to us....

Why should our people be subjected to perpetual poverty by selling our resources cheap.... just because we servicing a piece of paper called dollar or yuan.......

The new generation of Africans should think outside the box n create our own economic n financial system.....
That's the only way to true independence and wealth creation on the continent.....

Africa can only rise once Nigeria restructure its politics. It took the killing of James the 1st by the Parliament & his iron grip on state machinery in 18th century England to jump start the industrial revolution which spread all over Europe in a record time.

LordIsaac:
And we have many of such in the helm of affairs in Nigeria.

You are not far from the truth, because we as Nigerians hardly have a clue on conditions that our leaders use in accepting these loans.

Neef2018:
Meanwhile Obj left $45 billion when he was president.
Buhari and his inept and herdsmen cabinet have technically sold us to China. I’m glad I’m about to leave for good

terms of the Chinese loan agreement could only be accepted by a drunken man.
So our presido don turn to .....
Cos I vividly recall them asking more loan from China

Wait till you hear the conditions attached to the loans collected by Nigerian Govt from the Chinese Govt, and you go fear conditions. Because the level of our Govt drunkeness no get limit!!!

Mace0lane:
If this African leader are not cursed why take a loan you can not pay in the first place ?!

sincerely yours, when I heard that these people are begging for their debts to be cancelled , I was like why take the loan when you know you will have problem paying back?

GamalNasser:
Is he saying Buhari is drunk ?

Exactly what he asserted!

U guys relating this to nigeria are all fools

tamdun:
Only a drunkard would accept these terms: Tanzania President cancels 'killer Chinese loan' worth $10 bn
China has often been accused of luring the poor African countries in its debt-trap by providing them loans for much-needed infrastructure projects and then control them when they fail to pay off their debts.

Tanzania President John Magufuli has cancelled a Chinese loan worth $10 billion signed by his predecessor Jakaya Kikwete to construct a port at Mbegani creek in Bagamoyo over terms and conditions that, he said, beat the logic. Magufuli said that the terms of the Chinese loan agreement could only be accepted by a drunken man.

His predecessor, Jakaya Kikwete had signed the deal with Chinese investors to build the port on condition that they will get 30 years to guarantee on the loan and 99 years uninterrupted lease, according to local media reports.

Another shocking demand made by the Chinese and accepted by Kikwete administration was that the Tanzanian government will have absolutely no power to raise concerns on whoever invests in the port during that period.

Dubbed as the "killer Chinese loan", several organisations and African citizens had demanded the then President to cancle the agreement. They had warned that the move will have dire consequences but their concerns were overlooked and the deal was signed.

China's debt trap

China has often been accused of luring the poor African countries in its debt-trap by providing them loans for much-needed infrastructure projects and then control them when they fail to pay off their debts.

Recently, the Kenyan government had also raised the issue that China was planning to take over one of the country's key seaports after the African country failed to clear its debts. Bejing also got Sri Lanka's Hambantota port on the lease after the island nation failed to clear part of a massive loan.



https://www.ibtimes.co.in/only-drunkard-would-accept-these-terms-tanzania-president-cancels-killer-chinese-loan-worth-10-818225

Sir even if you become power drunk by tomorrow, for this singular act of yours I'll forever hail you

This is the type of information that Nigeria youth should be trending on social media, but no, they would rather trend irrelevant issues and be shouting government maltreatment.