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China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" (21194 Views)

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Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Kekereekun123: 10:38am On Aug 02
illicit:



why does Nigeria borrow.


we can see why America borrows


thats my point
can't you see the rail way built . Its also a cheap loan too

1 Like

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by chinoonew09(m): 10:40am On Aug 02
deltateam:
Is this buffoon still talking?

You are at the risk of losing yoruba lands to China and you are saying nonsense.



leave him na, untill china succeed in grabbin that afonja land (yorub.)his eyes wil not clear..and sourround their mkt with tolds & frogs wit other species from chinese..
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by illicit(m): 10:43am On Aug 02
Kekereekun123:
can't you see the rail way built . Its also a cheap loan too

is any loan ever cheap?
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by onyechez: 10:50am On Aug 02
Why can't Nigeria leverage on its resources to get loans from China rather than going in a debt trap?
If China takes over those assets as claimed what is the possibility of recovery those loans especially when the funds from that sector become poorly viable? don't you think the Chinese would infringe or default on government policies like taxes on the rail sector, the Chinese may use the railway services for personal commercial transportation of illegal goods and services which belongs to Chinese businesses and may hamper the economy of Nigeria.
We need to think deep on the severe consequences if those loans are not pay on time.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by DAYOODS(m): 10:52am 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. They are always quick to mention Zambia (which failed to repay due to incompetence) , but they don't care about the plight of our neighbors in the hands of France who controls their economies and even funds terrorist groups to cause unrest in the region (of course, why should they care when France is an ally to USA their masters). They supported USA's evil agender against our own Akinwumi Adesina just because they hate everything that sounds like Yoruba and Nigeria but thank God, they have failed.


But then, even their leader called them pigs and idiots so no surprises here. If majority of African countries prefer to go for "evil" Chinese loans over Angel World Bank, then there must be a reason. Even their master (America) owes China over a trillion dollars



Modified for the 2nd timecheesycheesycheesy

China has never threatened us with sanctions for refusing to accept their deals unlike their masters. Ask Angola or Rwanda about what they faced for choosing to grow their local industries (textile I think)



I believe you have knowledge about history. But I have you forgotten that China is a strong member of World Bank and IMF. So,all the allegations of structural Adjust Program against Africa also include China as a member. Let's be guided,China's recent loan to Nigeria is strictly owned by Chinese not under any body.

Therefore,the basic of criticism against China is why will it demand for a country's sovereignty because of mere 400million dollars loan. This is by all indication absurd,evil and criminally motivated.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by EmekaBlue(m): 10:54am On Aug 02
issa lie
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by chubinwa(m): 10:56am On Aug 02
I would have preferred China to cede the sovereignty of Nigeria. Atleast before they must have recovered there money, they would have put us on the right track. kill all corrupt politician and improve our production capacity
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by lucasalves: 11:05am On Aug 02
hakeem4:
I actually find the probe by the National Assembly superfluous. No Presidential country in the world can take a loan without their National Assembly knowledge.
And most Organization would not want to give out loans if this due process is not followed. Maybe that’s why North Korea hardly gets loan, cause it is a dictatorial nation.

you do know North Korea is single handedly financed by China right? that moment when you compare any country in the world to North Korea ���...
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Kekereekun123: 11:05am On Aug 02
illicit:


is any loan ever cheap?
you are not financially literate. Bye
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by illicit(m): 11:09am On Aug 02
Kekereekun123:
you are not financially literate. Bye

wink

na so u 4 just enter my whining this morning


financial adviser my rectum

cheesy
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Ayomi90: 11:20am On Aug 02
LordOfTheGame:



Then, as stupid as you sounded, support #Biafra freedom and referendum so that you can enjoy your Nigeria alone without the "unproductive" Igbos. Is that too much to ask for?
Y would a sophisticated person like me support Biafra? Am not a bastard, am a Yoruba, u Igbo's shld support ur stupid Biafra. I support Nigeria any day any time nd I'll kill for Nigeria to have peace.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by MondayOsunbor(m): 11:20am On Aug 02
Islie:


https://www.dailytrust.com.ng/no-need-to-panic-nigeria-is-already-paying-china-loans-amaechi.html

china is better than fulani who is leading down radical Islamic drainage

china please take over Nigeria

thank you
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by lucasalves: 11:20am On Aug 02
chinoonew09:


leave him na, untill china succeed in grabbin that afonja land (yorub.)his eyes wil not clear..and sourround their mkt with tolds & frogs wit other species from chinese..

some people really need to go back to school... I have said many times Easterners make good business men cos of their hustling spirit but a terrible economist cos of their lack of critical thinking on any issue... for years Nigeria has borrowed billions of dollars from IMF why don't you lot come out then and scream our markets will be full with "species from the west" how does that even make any sense to any human? not once have the Chinese raised an issue with loan repayment and in international law no country has the right to take over anyone's land, seriously how dumb does anyone have to be to think Nigeria can't repay a loan of just $500 million? really? is that all the Igboland is worth? these are issues you clearly do not have the tools to understand. this your hate towards Yoruba land has only made the place move forward while you and your kind keep fighting your way to get into the region leaving your waste land to languish in everlasting poverty. Muslims and Christians we all live here in peace (check out the previous governors in the region you will find people with diverse faith) igbo, Hausa or any other tribe is welcome here and treated with respect... we open our doors to you ingrates and all you can do in return is to haul constant and cheap insults at us. You can hate but your hate will only continue to make you the marginalized tribe that you are. Down here we are tolerant and civilized humans that are way above your hatred.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Ayomi90: 11:21am On Aug 02
PerfectlyPerfect:

You hate Igbos so much, why then do you get pained whenever they ask to separate from this country? They contribute nothing to the country, they're pained, isn't it the best option to let them go? Is it by force to remain in a union where you're not wanted?
So u ar concerned about my own opinion, means u can't av Biafra without Yoruba having a say to it, are u a slave to d Yoruba's?
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by CioAngels(f): 11:23am On Aug 02
Hmm, Ameachi is not be trusted, he looks very unsettled already as he must have collected unaccountable kickbacks from China for easy transfer of Nigeria to China as it was the case of Zambia. Hmm, China must be threatening him to death if the probe continues he will be exposed. Ossai N Ossai and troop's, you all will have to write your names in Gold and let the probe begins and continues provided you did not blow this whistle just to share from Ameachi kickbacks. You all will ruin your political carriers if you tow the unwise advise of Ameachi. I wonder what the rich and the educated are doing about the handing over of Nigeria to China? Ameachi is a cunny fox.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by DexterousOne(m): 11:24am 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. They are always quick to mention Zambia (which failed to repay due to incompetence) , but they don't care about the plight of our neighbors in the hands of France who controls their economies and even funds terrorist groups to cause unrest in the region (of course, why should they care when France is an ally to USA their masters). They supported USA's evil agender against our own Akinwumi Adesina just because they hate everything that sounds like Yoruba and Nigeria but thank God, they have failed.


But then, even their leader called them pigs and idiots so no surprises here. If majority of African countries prefer to go for "evil" Chinese loans over Angel World Bank, then there must be a reason. Even their master (America) owes China over a trillion dollars



Modified for the 2nd timecheesycheesycheesy

China has never threatened us with sanctions for refusing to accept their deals unlike their masters. Ask Angola or Rwanda about what they faced for choosing to grow their local industries (textile I think)

What you typed up there is misinformation

I wont bother to give a rebuttal
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by nedzuby: 11:24am On Aug 02
Guestlander:


This is funny, this is one of the reasons Nigeria is poor. The world bank and the IMF got their money back many times over leaving us with less money to develop and build necessary infrastructure.

Not only that, do you know how much Nigeria parted with to settle the "debt forgiveness" you are talking about.
On top of that Nigeria lost more than 30 billion to the world Bank and the IMF with nothing to show for it. No trains, no electricity, few standard roads and barely functional airports.

The Chinese cannot take the railway back to china even if they eventually take it over. There are foreign companies already operating in Nigeria today that take their profit back to their home countries.
What do you have to say about this?


Don’t mind the guy. What world Bank cancelled is the interest accrued and not the Loan itself.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by DexterousOne(m): 11:25am On Aug 02
Ayomi90:

So u ar concerned about my own opinion, means u can't av Biafra without Yoruba having a say to it, are u a slave to d Yoruba's?

Another silly post
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by DexterousOne(m): 11:31am On Aug 02
onyechez:
Why can't Nigeria leverage on its resources to get loans from China rather than going in a debt trap?
If China takes over those assets as claimed what is the possibility of recovery those loans especially when the funds from that sector become poorly viable? don't you think the Chinese would infringe or default on government policies like taxes on the rail sector, the Chinese may use the railway services for personal commercial transportation of illegal goods and services which belongs to Chinese businesses and may hamper the economy of Nigeria.
We need to think deep on the severe consequences if those loans are not pay on time.

The Nigerian leaders and the the vast majority of the Nigerian populace dont have the capacity to think properly

That's what the problem is...
Imagine someone saying China does not attach conditionalities to loans, or do not get involved in the politics of african countries

Ask Zambia and Zimbabwe what they are facing
They will tell you
Especially Zimbabwe

Sometimes I wonder why God decided to put me in a continent like this
In the midst of so many idiots and slow thinkers

He no see Japan drop me, he no see South Korea or Germany to drop me...
It's this Nigeria undecided

Anyways
This would be corrected soon sha

4 Likes

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Emman93(m): 11:42am On Aug 02
Obalatule:
But Lagos was originally Bini land?

Not only Bini, it’s even Abia that owns it . It belongs to you ißo people.

You’re all mad from that erosion ravaged region.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by nograv: 11:46am On Aug 02
Mtchew ... What a clown..
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by nograv: 11:47am On Aug 02
DexterousOne:


The Nigerian leaders and the the vast majority of the Nigerian populace dont have the capacity to think properly

That's what the problem is...
Imagine someone saying China does not attach conditionalities to loans, or do not get involved in the politics of african countries

Ask Zambia and Zimbabwe what they are facing
They will tell you
Especially Zimbabwe

Sometimes I wonder why God decided to put me in a continent like this
In the midst of so many idiots and slow thinkers

He no see Japan drop me, he no see South Korea or Germany to drop me...
It's this Nigeria undecided

Anyways
This would be corrected soon sha

I feel your pain.. I have always said Nigerians deserve the leaders they select..
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Deepthoughts: 11:49am On Aug 02
Islie:


https://www.dailytrust.com.ng/no-need-to-panic-nigeria-is-already-paying-china-loans-amaechi.html
Amaechi has spoken but I shall await Reno omokri Mr factica to state the other side of the story before I speak my mind,I trust he will do justice to the issue like always.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by VicM6: 11:56am On Aug 02
Audio.... if u knw u knw
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by MANNABBQGRILLS: 11:56am On Aug 02
Nigeria is already paying and the $500m was not taking by us, it was taken by President Goodluck Jonathan in his term and that clause was there,” he said.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by MANNABBQGRILLS: 11:57am On Aug 02
Simplyleo:
Good to hear that.

However, I know those lunatics (they know themselves) will rather prefer Nigeria unable to comply so they can scream more on social media.

God bless Rotimi Ameachi
God bless BAT
God bless PYO
God bless PMB
God bless Nigeria and Patriotic Nigerians.
God bless you too brotherly.
Hope you didn't miss out this part of that thread?
Those children of frustration will never see that part lailai.

Nigeria is already paying and the $500m was not taking by us, it was taken by President Goodluck Jonathan in his term and that clause was there,” he said.

1 Like 2 Shares

Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by Adlac(m): 11:57am On Aug 02
illicit:
Why borrow, ehn?
$500 Million. where we go see 'm.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by SIRTee15: 12:00pm On Aug 02
Sammy07:


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?

The clause states China can seize any assets it deem capable of paying back the loan, except diplomatic or military assets.
Think about China taking over nigerian ports because we defaulted on loans meant to build railway.
That's why people are worried.
Re: China Loan: Amaechi Says "No Need To Panic, Nigeria Is Already Paying Back" by LukasPodolski: 12:05pm On Aug 02
Obalatule:
But Lagos was originally Bini land?
Can you back up this with fact?

We are waiting.

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