favor914:
Mr I hear say, Arm Chair Judge, what do you know about governance?

SmartPolician:
I was even defending the deal until I saw a video where Amaechi explained the controversial clause.

While I thought that the deal said that the Chinese should go after the project done with the loan, the deal, according to the minister, says that they can grab any national asset of their choice.

Only God knows what these idiots have been signing behind our backs until the house of reps exposed this clause. Nigerian government is not known to repay loans.

No doubt, Nigeria is technically finished

RichDad1:
Foolish man from a foolish party.
Throughout his party’s 16 years misrule with huge crude oil earnings and foreign loans, what infrastructural developments can they boast of that can rival what Amechi has achieved in under 5 years with lesser revenues?

ainas247:
This Country Eehehehehhh...
Every day Hahala... the funniest thing is if Amaechi is in PDP
Nothing Wrong...

Rank your business on Google fast
chat up

Phred1717:
After 5yrs as a minister of train...we don have one good functional train. Cluelessness

RichDad1:
Foolish man from a foolish party.
Throughout his party’s 16 years misrule with huge crude oil earnings and foreign loans, what infrastructural developments can they boast of that can rival what Amechi has achieved in under 5 years with lesser revenues?

Lexusgs430:
Why they signed such a loan, with this conditions..... Is truly alarming......

Was it a deliberate act or an omission...... My mind queries.........

BuddhaPalm:


You can get a lot done by bribing key people.

RichDad1:
Foolish man from a foolish party.
Throughout his party’s 16 years misrule with huge crude oil earnings and foreign loans, what infrastructural developments can they boast of that can rival what Amechi has achieved in under 5 years with lesser revenues?

Omoejigbahe:


You are so dumb, so because of some outdated coaches of train, we will give away our sovereignty. All these bubu supporters, need to have their brains check. This is no longer support, but outright stupidity, bunch of deplorables.

iyke4:
Bode George actually has a point; these Chinese claim to be very smart when doing business, they don’t love us but they are here for what they can gain; it’s better we take our time with them than to enter into something which we can’t recover from.

Lexusgs430:
Why they signed such a loan, with this conditions..... Is truly alarming......

Was it a deliberate act or an omission...... My mind queries.........

Lexusgs430:
Why they signed such a loan, with this conditions..... Is truly alarming......

Was it a deliberate act or an omission...... My mind queries.........

BreconHills:


There is a lot of ignorance over this point. It makes me wonder about the quality of thinking at the NASS. Waiving of sovereign immunity is standard in infrastructure contracts in Africa. Without those waivers, the lender or developer has no recourse against the borrower even if the borrower or client refuses to pay after the loan/build. In the case of countries with good international credit ratings, this risk can be passed to a third party such as reinsurance company that can underwrite the lender/ client risk partially or completely. Until Nigeria gets a good economic rating it will have to waive immunity. Usually Nigeria can help hedge default risk by using things like oil cargo as security.

It is a complete nonsense for anyone to imply that this has mortaged Nigeria. Which of them in his right mind would lend money to anyone if the borrower could deny the loan?

Its because they know Nigerians dont think once party or tribe issues are raised.

Albagubraa:
They're all d same i.e COMMUNISTS

RichDad1:
Foolish man from a foolish party.
Throughout his party’s 16 years misrule with huge crude oil earnings and foreign loans, what infrastructural developments can they boast of that can rival what Amechi has achieved in under 5 years with lesser revenues?

Modify:
I can see a lot of you perpetual wailers are pained with my comment. Una never see chumchin.
This administration will continue to build massive infrastructures and name it after your useless party leaders to shame them.
Bunch of never do goods that are hell bent on dragging the country backwards with their unusual “share the money” governance style.
Imagine how the trains the $2.1b Dansuki loot would have gotten us? Indi ara
By now y’all should know there’s a new sheriff in town. Get used to it!

barragan:


Do you understand the terms of the loan?

BreconHills:


There is a lot of ignorance over this point. It makes me wonder about the quality of thinking at the NASS. Waiving of sovereign immunity is standard in infrastructure contracts in Africa. Without those waivers, the lender or developer has no recourse against the borrower even if the borrower or client refuses to pay after the loan/build. In the case of countries with good international credit ratings, this risk can be passed to a third party such as reinsurance company that can underwrite the lender/ client risk partially or completely. Until Nigeria gets a good economic rating it will have to waive immunity. Usually Nigeria can help hedge default risk by using things like oil cargo as security.

It is a complete nonsense for anyone to imply that this has mortaged Nigeria. Which of them in his right mind would lend money to anyone if the borrower could deny the loan?

Its because they know Nigerians dont think once party or tribe issues are raised.

RichDad1:
Foolish man from a foolish party.
Throughout his party’s 16 years misrule with huge crude oil earnings and foreign loans, what infrastructural developments can they boast of that can rival what Amechi has achieved in under 5 years with lesser revenues?

Modify:
I can see a lot of you perpetual wailers are pained with my comment. Una never see chumchin.
This administration will continue to build massive infrastructures and name it after your useless party leaders to shame them.
Bunch of never do goods that are hell bent on dragging the country backwards with their unusual “share the money” governance style.
Imagine how the trains the $2.1b Dansuki loot would have gotten us? Indi ara
By now y’all should know there’s a new sheriff in town. Get used to it!