₦airaland Forum

ernieboy:
the diff between usandebt to China and African debt to China lies in the terms
1. most of us indebtedness to China is in the form of treasury bills
and bonds.
2. as a follow up to the above the us does not use any of its national assets as collateral in any debt negotiation
3. African countries tied their debts to strategic national assets and will lose those assets to Chinese control if they default
4. the projects the debts were meant for were actually executed by the Chinese themselves ( part of the terms) so altogether it is a win win for them. it is like a bank lending u money and also insisting on spending( executing the project) on your behalf.
most African leaders will definitely lose many of their national assets in the future because the Chinese will not be magnanimous to write off any debt.

Mrpet:
The most wanted notorious kidnap ring Leader in the Ikorodu axis of Lagos state, Mufutau Timileyin Sulaimon aka Pencil, was shot dead during an operation in the state yesterday Sunday, June 24th.

https://www.gistsfanz.com/2019/06/notorious-kidnapper-pencil-killed-in.html

ernieboy:
but USA never mortgaged its national assets like most African countries are doing to secure loans.

budaatum:
A large chunk of US debt is China too. About $1.12 trillion as of March 2019, that's 28% of the $4.07 trillion!

Now, do that analysis you done above again and lets see.

AnusOdourInhaler:
Currently, every Nigerian is owning China 15,000 Naira. And our population is 200,000,000. Do the math..
Our overall debt profile is 24 trillion Naira. Bubu, doubled it and still adding.

JubrinElSudan:
The worst is that African's major creditor is China. Some persons will say US/IMF/Paris club etc are angry Africans don't borrow from them, but atleast the western creditors had history of erasing some of the debts. But China? China will lend you, use her manpower to execute the projects(like CCECC is doing to us), and once you default, they take over

Sunijacks:
Mehn , that's huge


Can't these debts be paid bit by bit till its cleared?


Or they prefer paying it once
.
Like they say that every Nigerian Owes China the Sum of 15k individually

NOL2dworld:
chinko colonization

Ikem11:
Make una still dey borrow no need warning them.. If any can't pay back just take over the country

AnusOdourInhaler:
The way Bubu is getting us indebted, Colonial system will be restored for us to pay for it

Jozzy4:
No one denies Jesus is Son of God . which even prove he was created. father exist before son.

Janosky:
So,your Almighty God is the son of his God..

ladiesreject:
So yes, Christianity is a western religion.

Nathdoug201:
Nigeria used as example of a failed country in Harvard university
https://howafrica.com/harvard-university-uses-nigeria-as-a-case-study-of-a-failed-african-country/

Stephani3e:

You are a very funny lady.
And fearless..

Gabson001:
Images pls

Stephani3e:
They are coming for you, go and get your armor

jesusjnr:
I understood what you were trying to say but now what you said you didn't say what you were trying to say appropriately for this was what you said:.

JeromeBlack:
I get the gist of what you are saying. But I disagree, don't confuse religion For philosophical structure.

Also, you are still making use of yoda-English

deltateam:
You will be looking stupid and clueless before your blokkus is lit up in flames.

123JohnF:
As I said, to me YOU sound bitter and YOU don't have an international experience, that's why you take it all wrong.
BTW, English is the Official language in Nigeria but unfortunately very few Nigerians speak and write it properly.
Just reading here how Nigerians struggle to pass IELTS English language test for Canada immigration visas.
So don't give me BS about my English skills, I do pass any test with bells and whistles and high score.

123JohnF:
Imagine, one of the wealthy countries built on Freedom, USA, Canada, Australia opens door to all Nigerians who want to move to live there. So many wish it, so many applying for visa and stay legal or illegal and, suddenly, the door is open and all Nigerians are welcome!

123JohnF:
Imagine America, what would happen to America with millions and millions Nigerians coming? Will we be the same country? Will our politics be the same? or America becomes a 2nd Nigeria with all corruption, poverty and crime?

123JohnF:
No offense but why? Why Nigerians want to immigrate to a developed wealthy country where the wealth was built by white people

123JohnF:
Can Nigerians build the developed and wealthy country, to be a law obedient citizens and contribute to make their own country better, stronger, wealthier and more developed? I am not talking about few well educated individuals but about the whole Nigerian group of people.

123JohnF:
And if Nigerians are so intelligent, smart and active, why not making Nigeria great?

123JohnF:
America had her hard times and still has, melting pot of so many people of all nations and race yet it looks the English system, law, made it work, same Australia, Canada, New Zeland, even South Africa.

123JohnF:
White people frequently called stupid and mumu by Nigerians and are scammed by Nigerians yet why?

123JohnF:
Those stupid mumus live better than so many intelligent and smart Nigerians? And what would happen if we have open doors and have Nigerians in politics, business, banking, education system, etc.

123JohnF:
No offense but why Nigerians want to come to where the white people built the safe system? Why Nigerians being so smart and intelligent don't build better and bigger country Nigeria?

jesusjnr:
So God used jesusjnr to make otem express his intentions more appropriately.

UncletC:
the FG initially accepted to have owned Intel about $500 million but here Intel is owing FG $l50 million... so who is the real debtor here?

Pfola:
oh really..... Friend of d nation Weldon sir ..... Have asked urself how many families will go bankrupt with this new useless directive? Have you asked why it is now our eyes are opened to this wonderful debt? When compared with NNPC's debt which is more wonderful? Well it's until you are directly affected by the policy of our Driver it's then your true Friendship will manifest. Until then my friend I see you as an advanced FRENEMY....