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China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" (21192 Views)

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Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by jerryunit48: 8:45am On Aug 02
Amaechi
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Ayomi90: 8:45am On Aug 02
illicit:
Why borrow, ehn?
Why not borrow?

2 Likes

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Landexpert: 8:45am On Aug 02
Story for the gods.
More like Damage control.

Contact us for genuine real estate deals at awesome locations

1 Like

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by oluwaseyi0: 8:46am On Aug 02
G
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by faebenezer5star: 8:46am On Aug 02
Not an intelligent talk...i am not impressed

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by DamnNiggar: 8:49am On Aug 02
Dammmmnnn Niggarrr
Isoright

May I ask how mister minister
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by teemy(m): 8:50am On Aug 02
I believe if secrecy over the loans did not exist, the fears would not have existed.

It makes sense if one looks at it critically. China supplies the loans, completes the project and in case Nigeria defaults, China 'manages' the assets they used their loan to finance till their money is recovered and then returns the assets back to Nigeria.

3 Likes

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by jumper524(m): 8:52am On Aug 02
vhykeeytor:
GOD GO SHAME BUHARI.... If.....he doesn't order Amaechi to cancel that Satanic loan.
learn to read
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by jumper524(m): 8:53am On Aug 02
Amaechi ma my kind of pesin. I too love the guy jare.

3 Likes

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by gurunlocker: 8:53am On Aug 02
Does anyone believe anything that comes out from the mouth of crooks in this administration? grin grin
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by colestephan86: 8:54am On Aug 02
Islie:


https://www.dailytrust.com.ng/no-need-to-panic-nigeria-is-already-paying-china-loans-amaechi.html
Was on this forum yesterday and I felt ashamed at the comments made by member of nairaland, I believe strongly that person's on Nairaland are less than 45 years and still most can't think and make logical statements , instead they drag all topics along tribal lines and make uninformed statements.

Nigeria has a long way to go o.

4 Likes

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by jumper524(m): 8:54am On Aug 02
faebenezer5star:
Not an intelligent talk...i am not impressed
he had to break it down to the understanding of the common man..
we have more semi literates than literates so you don't need to be impressed.

5 Likes

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by deltateam: 8:54am On Aug 02
Is this buffoon still talking?

You are at the risk of losing yoruba lands to China and you are saying nonsense.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by danduchi(m): 8:55am On Aug 02
Forget political party oo.. Amaechi is the most intelligent corrupt Nigerian politician.. The man had his way of making you believe he had never stolen from govt; if you believe him, at you own peril
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by jumper524(m): 8:59am On Aug 02
AroleOduduwa2:
This forum is full unapologetic zombies, they claim people are comfortable with being slaves to the west through IMF loans, but fail to tell us how IMF and the world bank has canceled our loans in the past, how they have given us debt reliefs countless times without taken over our country like the Chinese took over Zambia’s National Assets.
funny you.
I'm certain you don't understand how IMF works.
ask yourself why the Naira keeps devaluating?
IMF would wreck you to the core indirectly.
now compare that to the Chinese whose terms are clearly stated.
till forever I doubt if Nigeria would be able to payback IMF loan even if we stop borrowing and start doing things right.

atleast for now Chinese are the best option to IMF

3 Likes

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Sammy07: 9:01am On Aug 02
jumper524:
funny you.
I'm certain you don't understand how IMF works.
ask yourself why the Naira keeps devaluating?
IMF would wreck you to the core indirectly.
now compare that to the Chinese whose terms are clearly stated.
till forever I doubt if Nigeria would be able to payback IMF loan even if we stop borrowing and start doing things right.

atleast for now Chinese are the best option to IMF


I can never advice my enemy to take loans from IMF

3 Likes

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Sammy07: 9:02am On Aug 02
deltateam:


You are a simpleton. So naive.

How do you think they can recover the loan?

I would have told them to use you as collateral but you can't fetch a kobo.

We are talking about trillions of naira amidst dwindling oil price in the global market. Oil being the major economy of Nigeria and by the time China cease that oil pipeline and channel it to China for 20 years then you will recover your senses.

The so called railway system cannot recover that money.

If the railway cannot recover that money, Chinese will take over it and run it to they recover their money then hand it back to us.

Would you advice us to take loans from IMF?

2 Likes

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by jumper524(m): 9:02am On Aug 02
Abouwaza:

Bro u are gradually losing it
Try and be mature even if just for once
are you part of the lunatics?
you could see despite clear explanation from Amaechi, they couldn't hold up a positive debate.
the guy made sense here and those fools(lunatics) should learn to use their head.

4 Likes 1 Share

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Rossonero: 9:03am On Aug 02
Goldp5988:
Piece of good news.
As in ehn..what a relief

1 Like

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Tranquillity360: 9:04am On Aug 02
Obalatule:
Yoruba and Igbo unite against China grin
unity with Yorubas?
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Enemyofpeace: 9:04am On Aug 02
Buhari don sell Nigeria to chinko
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Enice(m): 9:09am On Aug 02
Nairaland have been taken over by children who cannot reason with their brain. That is why I hardly comment this days. Comments based on logic is rare. All you see is tribalism and rubbish.

1 Like

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by anonymous1759: 9:12am On Aug 02
abduljabbar4:
Why is Amaechi even wasting his time on these people. They are okay with Africans being slaves to the IMF and collecting loans that mostly ends in the pockets of white companies and corrupt politicians, but they have problems with low-interest, long-term loans from China. It's only an irresponsible government that will fail to repay such loans (given the time and interest rate of the deal).

Modified
Some Cownu minions are not aware that China has canceled loans for African countries without giving stupid conditions like approval of gay marriage. Not only that, China has never endorsed a candidate in our country or tried to fforce us into going for destructive policies (SAP). They claim that they have never taken over a country, yet great African leaders like Ghaddafi are dead today for refusing to become puppets. Not only that, they have taken over Iraq and Ivory Coast while still fighting to seize Syria and Venezuela.

But then, even their leader called them pigs and idiots so no surprises here



Don't waste your saliva some people are just too dumb to reason. How can a reasonably person see what's happening live and decide to believe what the Western media says ? Adesina saga should be a pointer. Any country that fails to repay a Loan after 30 years is irresponsible.

3 Likes

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Kazim88: 9:12am On Aug 02
teemy:
I believe if secrecy over the loans did not exist, the fears would not have existed.

It makes sense if one looks at it critically. China supplies the loans, completes the project and in case Nigeria defaults, China 'manages' the assets they used their loan to finance till their money is recovered and then returns the assets back to Nigeria.

You don't know China. Railway that would have been mismanaged after 2 years, that would have lost value.

The clause was clear, any asset except military and diplomatic asset.

You don't know the Chinese.,

1 Like

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by BigBashiru: 9:14am On Aug 02
abduljabbar4:
Why is Amaechi even wasting his time on these people. They are okay with Africans being slaves to the IMF and collecting loans that mostly ends in the pockets of white companies and corrupt politicians, but they have problems with low-interest, long-term loans from China. It's only an irresponsible government that will fail to repay such loans (given the time and interest rate of the deal).

Modified
Some Cownu minions are not aware that China has canceled loans for African countries without giving stupid conditions like approval of gay marriage. Not only that, China has never endorsed a candidate in our country or tried to fforce us into going for destructive policies (SAP). They claim that they have never taken over a country, yet great African leaders like Ghaddafi are dead today for refusing to become puppets. Not only that, they have taken over Iraq and Ivory Coast while still fighting to seize Syria and Venezuela.

But then, even their leader called them pigs and idiots so no surprises here

If they have taken over ivory coast and lybia, then that means Africans are weak, they took over during colonial times and now they are taking over again. Why can't Ivory coast take over Italy or Spain or Ukraine?? Playing victim won't help Africa this time.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by akosh005: 9:18am On Aug 02
Just calm down Amaechi, so easy to pay back quickly by playing just 3odd with bet9na.

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