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$500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China - Politics - Nairaland

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$500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by ijustdey: 2:42pm On Aug 04, 2020
The Chinese government says there’s no clause in the $500 million loan it gave to Nigeria that include taking over its sovereignty.

The House of Representatives had in the probe of Chinese loans to Nigeria alleged that the agreements ceded Nigeria’s sovereign right on the assets financed by the loans to China if there was payment default.

However, the Chinese foreign ministry in a statement debunked the claim saying the country had no such plan.

“We follow a “five-no” approach in our relations with Africa: no interference in African countries’ pursuit of development paths that fit their national conditions; no interference in African countries’ internal affairs; no imposition of our will on African countries; no attachment of political strings to assistance to Africa; and no seeking of selfish political gains in investment and financing cooperation with Africa,” the ministry quoted President Xi Jinping, as saying at the FOCAC Beijing Summit in 2018.

The ministry added that “China is committed to enhancing investment and financial cooperation with African countries based on their needs to help them improve infrastructure and extradite socioeconomic development.

By funding infrastructure and other areas that lag behind for short of money, we have helped the relevant countries break bottlenecks, enhance their capacity for independent development, realize social and economic sustainable development, and improve people’s livelihood.

Such cooperation has delivered tangible benefits to African countries and peoples.

“In the process, China always gives full consideration to debt sustainability and seeks mutually-acceptable proposals through equal and friendly consultations.

That is the fundamental reason behind the enormous popularity of China-Africa cooperation in Africa.”

https://www.dailytrust.com.ng/500m-loan-no-plan-to-take-over-nigerias-sovereign-right-china.html

15 Likes 1 Share

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by GODSENT253(m): 2:54pm On Aug 04, 2020
Liessss
If they have plans to take over,you wont expect them to tell the masses,it will be between them and those potbelly dumbasses we have as leaders


Ps- you no go like check my signature

143 Likes 9 Shares

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by flyingpig: 2:55pm On Aug 04, 2020
You think they'll tell you?

33 Likes 1 Share

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by festacman(m): 2:55pm On Aug 04, 2020
Your leaders wasted your wealth, leaving you without basic infrastructure.

China was ready to lend you money to treat the F*ck up of your leaders but made sure that your leaders won't do to their money what they did to your money.

Yet some Nigerian are yarning opata. The funny thing is that even young Nigerians are not bothered that Nigeria in 2020 has no functional train transportation routes. Yet, when time the for election comes, they will get Atikulated or Sarakified.

Look, if China gives any country money to build a facility and then it fails to repay, it is only natural that they will take over the facility like our own AMCON does and run to recover their money and interest. At least, the facility is in the country, providing jobs. There is price to be paid for stupid visionless leadership.

188 Likes 14 Shares

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by potbelly(m): 3:04pm On Aug 04, 2020
Not part ofthem though... tongue
GODSENT253:
Liessss
If they have plans to take over,you wont expect them to tell the masses,it will be between them and those potbelly dumbasses we have as leaders


Ps- you no go like check my signature

2 Likes

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Nobody: 3:06pm On Aug 04, 2020
Good to know
Well you should teach us how to fish enough of giving us fishes

1 Like

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by FrLukas(m): 3:06pm On Aug 04, 2020
Do NOT trust China.

21 Likes 2 Shares

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Saao(m): 3:09pm On Aug 04, 2020
Pure lies. What about Zambia, is Zambia not African countries? Currently they took over Zambia national broadcasting corporations and in the verge of taking over Zambia power agency and other infrastructures. Don't trust China and Nigeria politicians. Thank God for the house of rep member that raise the alarm.

61 Likes 6 Shares

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Esseite: 3:19pm On Aug 04, 2020
If Nigeria's debt increased from $7Bn to $23Bn in 5years with a debt to revenue ratio of about 90%, currently battling with recession alongside depression and world poverty capital, with the future of oil dependent economies not looking so good coupled with our massive appetite for corruption, what is the probability we can sustain a debt repayment of 20years?

A better alternative would have been "Build, operate and transfer" amongst private investors whom would share both the ups and downs of the economy how ever way it goes during the period.. as it is , the infrastructure is still being run by same corrupt Nigerian Government whom can never be trusted.

11 Likes 1 Share

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Guestlander: 3:29pm On Aug 04, 2020
FrLukas:
Do NOT trust China.

China has a policy of not interfering in the internal affairs of other countries. It has been their policy for a very long time.
The western countries that exploited Africa for 500 years only built infrastructure they needed to steal from Africa and nothing else.

35 Likes 4 Shares

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by FrLukas(m): 3:32pm On Aug 04, 2020
Guestlander:


China has a policy of not interfering in the internal affairs of other countries. It has been their policy for a very long time.
The western countries that exploited Africa for 500 years only built infrastructure they needed to steal from Africa and nothing else.

I reiterate, DO NOT TRUST CHINA!!!

There's no free meal anywhere in the world. Not even in Freetown.

33 Likes 1 Share

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by IamWonderful: 3:39pm On Aug 04, 2020
that buries the hilala hibobo we have been hearing

4 Likes

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Guestlander: 3:46pm On Aug 04, 2020
FrLukas:


I reiterate, DO NOT TRUST CHINA!!!

There's no free meal anywhere in the world. Not even in Freetown.

I guess we both agree that only a fool will lend you billions of dollars without an agreement on how to get their money back. There's indeed nothing like a free meal.

28 Likes 3 Shares

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by RichBoy247: 3:47pm On Aug 04, 2020
GODSENT253:
Liessss
If they have plans to take over,you wont expect them to tell the masses,it will be between them and those potbelly dumbasses we have as leaders


Ps- you no go like check my signature

Okay. Go check your signature, does your signature contains $500 million? You want to collect loan but you down want any condition or put down collateral, is China father Xmas? Go and meet your US and EU for loans without collateral nah? If Arabs want to give you loan without any condition, you children of hate and anger will still scream, they want to Islamize Nigeria, yet your brothers and sisters are selling your family land to travel to become Slaves in Arabs lands.

Nonsense without ingredients.

13 Likes 1 Share

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by realstars: 3:52pm On Aug 04, 2020
When I Was Small, I Use To Say If China Happend To Come To Nigeria, They Will Finish Us,and Now They Are Here.
They Are Deadly And Dangerus Than Briten.

5 Likes 1 Share

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by GODISABOVEDEVIL: 3:53pm On Aug 04, 2020
The Slavery By Our Leaders to the citizens is too much,
So If china Taking Over Nigeria Will Help In Building This Country,They Are Welcome.











#God is The Greatest.
#Jesus Christ Rules

3 Likes 1 Share

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Queenlovely(f): 3:54pm On Aug 04, 2020
Omoyele Sowore

1 Like

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by ProfAmaben: 3:54pm On Aug 04, 2020
Recolonization won't be a bad idea.

2 Likes

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by nairavsdollars(f): 3:54pm On Aug 04, 2020
Nigeria will crush China in seven days

2 Likes

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by iCauseTrouble: 3:54pm On Aug 04, 2020
angry
Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Whitecoal711: 3:54pm On Aug 04, 2020
Please stop giving us loans,rather teacher us on how to get it
We have all it take, both human and natural resources to be independent from this sh...t
or is there conspiracies
If you want to plan for a year sow rice, if want to plan for a decade sow plant, but if you want to plan for a lifetime educate the nationmy people perish due to lack of knowledge
What do I know sef

2 Likes 1 Share

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by gambia(m): 3:54pm On Aug 04, 2020
God no go shame us

1 Like 1 Share

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Cumtroller: 3:54pm On Aug 04, 2020
Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Sirmuel1(m): 3:54pm On Aug 04, 2020
If you are/were a Politician in Nigeria and all you do/did is embezzle public funds, MAY GOD PUNISH YOU AND YOUR GENERATION FOREVER!!!!

THERE WILL NEVER BE PEACE IN YOUR HOUSEHOLD!!! MAY YOU BE STRUCK WITH ILLNESS THAT MONEY CAN NOT CURE!!! MAY YOU AND YOUR LOVED BECOME USELESS FOREVER!

7 Likes

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Kris4luv(m): 3:54pm On Aug 04, 2020
If una like una take over ni my own is that if una wan sell Naija, just give me my own share cos after all na my father's land

2 Likes

Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Evilgenuis: 3:55pm On Aug 04, 2020
grin
Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by folarr(m): 3:55pm On Aug 04, 2020
Hmm, ok
Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by ForeThinker: 3:55pm On Aug 04, 2020
B4 nko
Re: $500m Loan: No Plan To Take Over Nigeria’s Sovereign Right — China by Kendumazy(m): 3:56pm On Aug 04, 2020
Better

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