Best gift you can give to your children now is "dual citizenship"
Work towards it because the way Nigeria dey go now...hmmm

MelesZenawi:



I don't have time for wailing young man. let Chinese take over Nigeria.

It is a welcome development. Let Chinese plunge us into debt and take.


let Amaechi continue building rail, when he was building ibadan, kaduna rail, u didn't remember the debt but now he wants to build for his people in pH, u remember Chinese debt..


Let Chinese take over.

But you had been supporting and taking sides with APC while supporting them in whatever poor/bigoted policies they make u see this is a perfect example of hypocrisy.we voted PDP out due to their evil and criminal acts. APC came onboard instead of we to contructively critisize their evil acts when they started.majority choose to cheer them up and term others would pointer out their fault as wailers and Igbos.u see Las Las we all would suffer the fire consequences caused by hypocrisy and bigotry and nepotism

ShitStain:
Best gift you can give to your children now is "dual citizenship"
Work towards it because the way Nigeria dey go now...hmmm

I swear..

Chinese can take over Nigeria that has no Igbos in it, but as far igbos are still in Nigeria, then no cause for alarm... ..
We can sell Chinese to Chinese..
Igbo amaka

FeliciaOja:

You're are mentally slow zombie
With majority of slow people like you in Nigeria
It's no surprise why we have bad leaders.
In 2015 your types were defending Buhari
5 years later you northeners are still in hellfire and bloodshed daily.
Una Neva get sense

Yup, another psycho piggyeastener grunting again. The hellfire started with the drunken leadership of the clueless buffon from Otueke and thankfully, things are easier now even if not perfect.

Nigeria will not boycott China just because your western masters want us to. How many countries has IMF not ruined? Talking about debts, even your "godly" nation USA is owing China over a trillion dollars and it is hosting thousands of Chinese companies.

Go and keep wailing, this is only the beginning. No more Western nations telling us what policies to make and what laws to adopt. No more silly, bogus interest rates that only enrich IMF at our expense while what is left ends up in the pockets of thieves here. At least with China, we have infrastructure.

Go and keep chanting "biafra or death". Your views are insignificant

slivertongue:
Nigeria's case is loading.

the rate of borrowings for trivial things will further hurt the economy. the Chinese borrow mostly to wasteful, corrupt and poor nations who have potentials but who may not be in a position to pay back as at when due. Abuja, Lagos and Kano must watch it. China is coming for assets in ur states.

Hmmm

abdul824:
what has partnership with the US and Europe yielded over the years. the only thing they are good at is selling weapons and bringing useless aids.. most infrastructural projects going on now is all thanks to the Chinese..

US and Europe have been giving us loans and many have been defaulted but they never seized our assets and they have even forgiven us on many debt...they brought investment on our lands which we drove out ourselves and welcome us on their land and elected some of us in their govt

Thess are what you chinese would not do (those that are even treating that staff badly on our soil and keep discriminating against us on their soil)

It is not the fault of western countries that we keep electing corrupt leaders that have killed the nation

South korea develop their economy with $3B loan from US after Korean war that almost destroy the country....

After seeing this topic, I went on YouTube to watch a documentary about chinese loan to Africa. One thing I do not understand is why everybody is blaming China. They give you a loan at a good rate and with a good time interval, I blame African countries for not honouring the terms of the loan.
I would prefer not to get a loan from China, but there seems to be a reason every low income country is now shifting to China for loan. However, if you must get a loan, then pay it off asap.

USA SHOULD TOP THE LIST

U.S has more than $26.trillion debt and the Chinese do own a lot of U.S. debt—about $1.1 trillion as of early 2020. Japan and China own about 5.2% and 4.6% of the U.S. debt, respectively. Japanese-owned debt doesn't receive nearly as much negative attention as Chinese-owned debt, ostensibly because Japan is seen as a friendlier nation and the Japanese economy hasn't been growing at a 7% clip year after year.8 The other countries that hold the most U.S. debt include the U.K., Brazil, and Ireland. So, forget all that debt issues and invest, when it's time to enjoy the debt, enjoy it. Let me help u with the site that can help u see more of U.S heavy debt profile:
https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp

MelesZenawi:
That will be fine if china takes over Nigeria as they did to other countries .

they will take over where they put their money. Thank God no chinko money in my state

Coronabirus:
USA SHOULD TOP THE LIST

U.S has more than $26.trillion debt and the Chinese do own a lot of U.S. debt—about $1.1 trillion as of early 2020. Japan and China own about 5.2% and 4.6% of the U.S. debt, respectively. Japanese-owned debt doesn't receive nearly as much negative attention as Chinese-owned debt, ostensibly because Japan is seen as a friendlier nation and the Japanese economy hasn't been growing at a 7% clip year after year.8 The other countries that hold the most U.S. debt include the U.K., Brazil, and Ireland. So, forget all that debt issues and invest, when it's time to enjoy the debt, enjoy it. Let me help u with the site that can help u see more of U.S heavy debt profile:
https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp

what many of you don't know about US loan is that....US loans are all held in govt bond not the one they gave you cash or fund your project and start asking you for money....china can never ask for debt payment from US cuz it bought US bond and can't force US to buy it as the rules was set by US....If China is tired of US bond they can find third parties who are willing to buy
And beside.... China bought their to pegg yuan to dollar for easy international trade which they can lose if they sell their US BOND.... that's why since 1946 since china has been buying US BOND they can't for ask repayment or anything as it is just held in securities

Coronabirus:
USA SHOULD TOP THE LIST

U.S has more than $26.trillion debt and the Chinese do own a lot of U.S. debt—about $1.1 trillion as of early 2020. Japan and China own about 5.2% and 4.6% of the U.S. debt, respectively. Japanese-owned debt doesn't receive nearly as much negative attention as Chinese-owned debt, ostensibly because Japan is seen as a friendlier nation and the Japanese economy hasn't been growing at a 7% clip year after year.8 The other countries that hold the most U.S. debt include the U.K., Brazil, and Ireland. So, forget all that debt issues and invest, when it's time to enjoy the debt, enjoy it. Let me help u with the site that can help u see more of U.S heavy debt profile:
https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp

what many of you don't know about US is that....US loans are all held in govt bond not the one they gave you cash or fund your project and start asking you for money....china can never ask for debt payment from US cuz it bought US bond and can't force US to buy it as the rules was set by US....If China is tired of US bond they can find third parties who are willing to buy
And beside.... China bought their to pegg yuan to dollar for easy international trade which they can lose if they sell their US BOND.... that's why since 1946 since china has been buying US BOND they can't ask for repayment or anything as it is just held in securities

FeliciaOja:

You are very naive
If you're earning 20k per month and a bank say they will give you a loan of 50 million naira and if you don't pay they will take your house and you will still owe them.
Will you sign such a deal
Not all loans are good loans
The condition of the loan is what matters not the loan itself.

Lying doesn't help your case.
The content does not march the headline.

MelesZenawi:
That will be fine if china takes over Nigeria as they did to other countries .

China will ride your people hard

They will place themselves above the laws of your land by bringing in their own policemen to man their separate stations where their citizens will get away with every crime even up to murder.

They will work you like donkey for sixteen-hour days while paying you peanuts, using their higher economic power to fück your women (since you are broke) who will give birth to half-breed babies that will grow up to lord it over black animals like you.

All that yahoo money you people are seeing is going to stop because they will filter all internet traffic into Nigeria via a single node and block all the bombing you normally do in the midnight...believe me when I tell you that life under Chinese masters will be a bed of nails

Ex-governor of Ekiti state, Mr. Peter Ayo Fayose warned both the Nigerian govt. and her citizens back then, but nobody listened.
What's the damage control mechanism put in place now

hargbolahan01:
what many of you don't know about US is that....US loans are all held in govt bond not the one they gave you cash or fund your project and start asking you for money....china can never ask for debt payment from US cuz it bought US bond and can't force US to buy it as the rules was set by US....If China is tired of US bond they can find third parties who are willing to buy
And beside.... China bought their to pegg yuan to dollar for easy international trade which they can lose if they sell their US BOND.... that's why since 1946 since china has been buying US BOND they can't ask for repayment or anything as it is just held in securities

Pls get US-China debt issue straight it involves a lot of things. No nation on earth has heap debt as US.
Nigerian debt from China has never being cash but projects construction of railways, roads and other infrastructure funding by Chinese banks with the approval of Chinese authority.

hargbolahan01:
US and Europe have been giving us loans and many have been defaulted but they never seized our assets and they have even forgiven us on many debt...they brought investment on our lands which we drove out ourselves and welcome us on their land and elected some of us in their govt

Thess are what you chinese would not do (those that are even treating that staff badly on our soil and keep discriminating against us on their soil)

It is not the fault of western countries that we keep electing corrupt leaders that have killed the nation

South korea develop their economy with $3B loan from US after Korean war that almost destroy the country....

Hh.. why won't African countries default when neocolonialist machineries (world Bank, IMF, ICC, WTO etc) have been put in place to make sure they remain in perpetual servitude?
African nations live in the illusion that we have freedom. There's no true freedom without financial freedom.. our nearby francophone nations are explicit examples.
We keep electing bad leaders?! Examples are allover the place of how western nations have toppled good leaders who were fairly elected.
Loan of 3B dollars? Pls check how much they are still paying back up to this day. And how they have successfully strengthend the enmity btw them and their neighbours.
The west are full blown capitalists, they don't care about anything but themselves even if it will cause your destruction... You only get a skewed symbiotic relationship with them when you have something to offer

Still happening now

slivertongue:
Nigeria's case is loading.

the rate of borrowings for trivial things will further hurt the economy. the Chinese borrow mostly to wasteful, corrupt and poor nations who have potentials but who may not be in a position to pay back as at when due. Abuja, Lagos and Kano must watch it. China is coming for assets in ur states.

Chinese are really smart

Buhari should borrow new hundred billion dollars and give it to fashola to build things around the country.

FeliciaOja:
Look at what China did to these 10 countries that failed to repay China Loans

1. Siri Lanka

It was widely assumed that Sri Lanka, with a population of just over 21,898,000, was unable to pay off the loans obtained from China to construct Hambantota port in the first place, and therefore had no choice but hand over the port to Chinese control to pay off the debt
Problem : Since the Siri Lanka can't pay off the debts of China. They had to lease their Hambantota port to China Merchant Port Holdings Limited for 99 years.
This means China now controls what enters or what is imported to siri lanka. Meaning more of their made in China products will enter Siri Lanka and flood the markets thereby making more money for china

2. Djibouti

In Djibouti, East African country, the public debt has increased to roughly 80 percent of the nation’s country’s GDP. China, meanwhile, owns the lion’s share, which has placed the country at high risk of debt distress.
China is promoting road and port construction in this country, and one among them is the Djibouti International Free Trade Zone — a $3.5 billion project undertaken by China in cooperation with the Djiboutian government.
Problem : Djibouti found itself saddled with Chinese debt, hence it has been forced to lease one of its military bases to Communist China for just US$20 million a year

3.Angola

Angola, Africa’s second-biggest oil producer, is one another example of the debt-trap in China’s diplomacy.Angola has repaid its US$25 billion debt to China with crude oil, creating several problems for its economy. Over 99 percent of Angolan exports to China are petroleum products. China has, so far, lend over US$60 billion Angola through direct investments and infrastructure projects since it established its diplomatic ties with China in 1983
Problem : Angola’s ability to repay the debt is dependent on the oil price. Now that, every Angolan citizen owes US$754 to Beijing.

4.Pakistan

Pakistan is at high risk, and currently projects an estimated $62 billion in additional debt. China reportedly finances about 80 percent of that.
Problem: Pakistan will have to pay China US$40 billion for the $26.5-billion CPEC investments in 20 years. This figure, however, does not include the $8.2 billion Mainline-I project of Pakistan Railways. This is the only project that will be materialized in the next few years.

There are 6 more countries in the list
1. Tajikistan
2. Laos/ Cambodia
3. Montenegro
4. Kyrgyzstan
5. The Maldives
6. Venezuala

Will Nigeria be among the list of countries who are taken over by Chinese govt. For falling to repay loans??
Our future generations will soon be speaking and learning Chinese in school.
What happens when Nigeria fail to repay China loans?
Will China seize our crude oil plants and flex our oil??

Dammmn this was 4 years ago

JackDaAlienz:
Still happening now

APC is on the beat!