Kx: [/quote] na wa oo[quote author=Kx]

idmanzik: Where are those calling for "India Must Go"...lol

Turbocharged: Na wa oo!
So what are the world-class branded UNILAG graduates doing that they cannot repair ordinary transformer.

ebere1712: We don't want there aid or anybody's for that matter. Those foreigners should simply stop their criminal activities in Nigeria; that would be aid enough for us. Bloody criminals.

Arosa: Una too funny, India may be very poor but it's economy is twice that of all of Africa.

pssword: India is a poor country where millions are starving, yet there are prepared to give us $100M loan.. this is as fishy as it gets.
And please get it right, it is not aid but a loan, only God knows what kind of conditions come with the loan. Yeye de boom

mimifonwon:


These fools better not let indians take over our power/light sector, they better give nigerian business men a chance first, because if nigeria and her studpid thieving government does this, India will drag nigeria to the dirt. No offense but india should fix its own problems first before trying to own nigeria with 100million dollars, now if it was a 100 Trillion they want to invest, then i would shut up nothing less.

damilola15: Aid is not what Nigeria needs, what is needed its implementation.

Grandmisty: Indian for that matter. India will never give u 1o kobo without wanting more in return so dont b fooled ppl

basisop: Indians again!!!

S@NNiE:
India has committed a $100 million line of credit to Nigeria for improvement in its power sector that has been battling with instability and corruption.

Indian High Commissioner to Nigeria Mahesh Sachdev announced this during inauguration of the manufacturing and repair of power transmission equipment plant developed by India's Skipper Group in Ikorodu area of southern state of Lagos yesterday.

"Nigerian and Indian governments will soon sign the agreement for the line of credit," Sachdev said, adding that 12 Indian companies have shown interest to invest in Nigeria's power sector.

"India, which is Nigeria's second-largest trading partner, has both the capacity and expertise to support Nigeria's ambitious development plans in the power sector." he said.

He noted that unlike many other foreign companies which were content to execute projects on tactical basis, Skipper Group, over the past decade, had invested in Nigeria to create manufacturing and repair capacity, transfer of technology and employment generation.

Speaking on the occasion, Nigeria's power minister Bart Nnaji said with the completion of the repair plant, the country would no longer ship transformers to South Africa, India and other countries for repair.

"With this repair facility, we will not be shipping transformers to South Africa, India and other countries for repair. It costs us money; it costs us time. Now, the repair is going to be done here and on top of that, it will create local employment," he said.

The High Commissioner also visited the site of the recent plane crash at Iju Lagos and expressed grief over the loss of innocent lives.

Nigeria has been battling hard to improve power supply to its 150 million people but corruption has proved to be a major setback to the move.

The problems in the sector have also proved to be a major roadblock in this oil rich African country's path to industrialisation.

President Goodluck Jonathan's government has roped in country's anti-corruption agencies to investigate the malpractices in the sector and fix the loopholes in a bid to improve power supply in the country by this year.

pssword: India is a poor country where millions are starving, yet there are prepared to give us $100M loan.. this is as fishy as it gets.
And please get it right, it is not aid but a loan, only God knows what kind of conditions come with the loan. Yeye de boom

dasparrow:

So why are so many indians in india living in abject poverty since their economy is twice that of all of Africa? And what concrete proof do you even have that india's economy is twice that of the whole African continent?