₦airaland Forum

Sulaimon Airways.

jesmond3945:
Op you are one of the reason Nigeria is backward, when I mean backward, very backward.

I can proudly say we Yoruba does not think this way and I pray it remains that way.
When we say some people are too clannish this is exactly what we meant.

The new bogeymen of Nigeria. Gone are the Bakkassi boys, NDLF, Neo Biafrans (toothless Bulldogs), Maitatsine.
Boko haram (grossly underestimated)

killsmith:
This thread should be moved to the jokes section.

Nobody takes the southwest seriously. Ask IBB.

Egbere TV news for the consumption of gullible ipobs.

omohayek:
Here you simply reveal your numerical illiteracy for the world to see. If you think the exact terms of the loans don't matter enough to need to know what they are, I'm sure you won't have any problem applying for a 5-year, $1.00 loan at a daily interest rate of just 1%. Hey, it's only a single dollar, and look how low the interest rate is!

As I said, it's mugus like you who will end up paying the price for today's fiscal recklessness, long after this and subsequent administrations have turned the new set of railways into worthless scrap through the usual "federal character", "man know man" and "you chop I chop" nonsense. Here's another educational link you're free to ignore in your determination to remain an uncritical supporter of this incompetent administration.

No, I am prudent, objective, and deeply concerned for the future of my country, while you are a mindless, carefree, partisan cheerleader for an administration that has shown no evidence of thoughtfulness or administrative capacity in any sphere to date, not even in the management of the already completed railways for which they went borrowing. That's why you haven't bothered to answer any of my questions and analogies - which I backed up with easily verifiable facts and links to relevant articles - with anything more than conspiracy-theorising and ad-hominems, i.e. a lot of hot air. You have no facts to share because the facts simply don't support you, so you think calling me names will somehow disguise the fact that you don't have a leg to stand on.

When I see people like you, who are so entranced by the immediate "goodies" being dangled before their eyes that they lose all power of critical thinking, I well understand how it is that the Europeans were able to trick so many Africans into handing over their patrimonies for a few worthless trinkets. Here's a newsflash for you: if the Europeans didn't come to Africa out of the goodness of their hearts, the Chinese certainly aren't doing so for charitable purposes either. If you think China now has the world's second-largest defense budget for nothing, or that it intends to keep all those aircraft carriers its constructing permanently sitting around at home, you are living in a dream world. A Chinese government that has no problem sending 1 million of its own citizens to concentration-camps will certainly have no qualms about doing far worse to foreigners half-way across the world, especially as it won't have the western problem of domestic criticism and political opposition to worry about.

Another verbose response that doesn't tell us anything new or sensible. You need to point out where I said the terms of the loans doesn't matter.
You also need to tell us why you are going on as if all loan documents are written in Chinese and the Nigerian people are just putting their signature on documents they don't understand.
I have no time for conspiracy theorists because they always have their heads up in the clouds. The Chinese are powerful for sure but how many countries do you think they can invade before they invite the whole world to their doorstep? Think my friend, think.

Ziggylady:
By civilised i suppose you mean cutting of people's head for rituals or sleeping with one's biological children rife amongst you lots..

Common gerrout of here..like you know what civilisation means.

My Cletus who just killed someone in Ogun state is a villager like you.
Pleasants like you are often fascinated by money. You should know it doesn't buy class though. Just look at the doofus who was throwing money.

Ziggylady:
@Guestlander this is one of your numerous yorubas who do not "abuse" anything.

Nonsense.

What are you talking about? Seems like you abuse some dried leafy stuff yourself.

Ziggylady:
Go and sit diwn with your nonsense..so when they call people who are decent you yorubas will raise your short hands?.

Delusions of grandeur is your biggest problem.

Money spraying was copied by you village folks without knowing what it is all about.
You need to get civilized and do it properly. Throwing bundles of naira in the air is crass and makes you look like some peasants who suddenly found money.

omohayek:
Ah yes, a particular sequence of events can never happen because the exact same sequence has never happened before with the exact same actors. Please feel free to keep pretending that I haven't cited actual historical examples to buttress my points, and that I haven't followed up said citations with actual links for you to further educate yourself. If you think simply asserting that bad things will never happen is all it takes to rule out the real-world events I've mentioned, you clearly won't be convinced by anything I could possibly write.

As for myself, I will continue to think it the height of fōolishness to act as an unpaid cheerleader for heavy foreign borrowing even while lacking the slightest idea about what the exact terms and conditions of the loans were. Nigerian governments have never been known for their concern for the long-term or their financial savvy, especially when headed by poorly-educated old men so economically illiterate they think they can simply order the Naira's market-value about like yet another one of their subordinates in the army.

Even if these loans were being made at the lowest possible market rates, they would never be repayable under the Nigerian government's typical mismanagement, already on full display with heavy subsidies of passengers at the expense of freight traffic. Bring in the Chinese record elsewhere of demanding its loans be used to make uncompetitive tenders to Chinese-owned businesses, and I predict that it is a certainty that Nigeria will eventually default on these loans at some point in the next 10-20 years, only at which point we will find out just what the bill is for all the Chinese loans Buhari is receiving praise for today. Of course, by then Buhari will in all likelihood be long dead, so it won't be his problem to worry about, just the young mugus singing his praises right now.

Where's is the heavy borrowing? In this particular case $2.3 billion. Are we still in the same country where a certain Dasuki went into the central bank and took out $1 billion to be squandered on frivolities?
2.3 billion to provide some needed infrastructures and you are writing pages of alarmist statements.
Let us wait for the Chinese invasion then.
In your wisdom the Nigerian government is signing agreements which they are not aware of the terms. You are either ignorant, arrogant or both.

omohayek:
If the territories "permanently" ceded by China to Britain had been able to stand on their own, do you think Britain would ever have handed them back along with the "leased" bits? As for the other bit of your argument, you should look at the history of the Suez canal if you think defaulting on foreign debt never has negative consequences.


Again, let me ask you: if Nigeria defaults on the Chinese loans, and the Chinese government then insists that all of these railroads be handed over to it for 99 years, along with sovereignty over the bordering lands for 5km on either side, and the "right" to extraterritoriality for all Chinese nationals in Nigeria, what would any Nigerian government be able to do about it? If China sends one of the 2 new aircraft carriers it is building to "secure" the safety of allegedly "threatened" Chinese nationals, what can you or anybody in Abuja do in response? Who would dare come to Nigeria's aid? Who would care enough to bother, when nobody dares for Ukraine or Venezuela?

You write as if we no longer lived in a world where might makes right, and superpowers no longer carry out "gunboat diplomacy"; all that has changed is that the gunboats have been replaced by carrier groups, and thanks to reckless borrowing by other delusional Third World countries, China now has ports in Djibouti and Sri Lanka to act as way-stations if it ever decides to send those carrier groups to Nigeria's shores.

There's something called precedence when it comes to issues like this. You are giving me some hypothetical scenarios without telling me if such things have ever happened anywhere.
Chinese government demanding territory from another country? Is this a kind of futuristic apocalyptic movie or something?
If China is going to invade your country and take over territories I doubt if they will need any port concessions. They will just take it, and you know what that means? War.

omohayek:
Um, I just gave you a link to an actual instance of exactly that happening with China and Sri Lanka, and even pointed out that this deal was exactly the same kind as the one the British used to force China to lease them Hong Kong for 99 years. I suggest you actually follow the link I provided, and then do a Google search on Zambia's ZEMCO, or Kenya's deal with China on port financing.



It was precisely to avoid this line of argument that I avoided linking to "Western" sources like the FT or The Economist, but you've gone ahead and made the argument anyway. Is Mahathir Mohammed part of this supposedly hypocritical "western press"? How do you know that Nigeria's Chinese loans were made at reasonable terms the country can afford to pay? Have you seen the related documents? Are they freely available anywhere for public perusal? Do Nigerian governments have a reputation for being thoughtful, well-prepared negotiators? Without good answers to all these questions, why should I believe that Nigeria's agreements are any better than those made by Malaysia, Pakistan, Kenya, Zambia or Djibouti, all of whose own political elites have had negative things to say?

All you've done here is basically waved away inconvenient facts using wishful thinking and conspiracy theorizing. Without access to the detailed financial agreements the Nigerian government signed with China, you have no evidence to support the idea that the loans were prudent, and this lack of opacity is the very problem with borrowing heavily from China - with "hypocritical" western countries, it is possible to use "Freedom of Information" acts to force such information out into the open, but no Chinese citizens dares to even try that with their totalitarian government.

A port was leased out for 99 years, that is not exactly surrendering your sovereignty.
You mixed several things together. The British annexation of Hongkong was not restricted to the a port. It was total sovereignty over the island and it wasn't because the Chinese borrowed some money they couldn't repay.
The British control of Hongkong is not too different from how Lagos became a colony, through war or threats of war.
This was a different time and bears no resemblance to what is happening now.

Johnolis:
What a useless title going by the meaning of the title in Igbo language. "Amu Ogun" = "Penis of Ogun" in Igbo language.
And he was even shining teeth to such an award.

Lmaooooo.

So funny...His excellency the Amu Ogun. Long shall you reign.

Atikusbaby1:
Oga poverty has spoken o my NL come n see comment

What balderdash. You think everyone is hungry like you?
I'm sure I spend more money in a month than you earn in an entire year.
Money spraying is something you people copied and then bastardized like everything else. It sucks to be you.

omohayek:
Unfortunately, although the sentiment in the bolded is a nice one, it just isn't true. Ask Sri Lanka, which had to give China a 99-year lease on its Hambantota port after failing to meet the payment terms of its Chinese loans: note that this 99-year term was also the exact length of the Chinese lease to Britain of the port of Hong-Kong, which makes it perfectly reasonable to call it debt-based imperialism. A similar scenario is also currently unfolding with other "beneficiaries" of Chinese loans, including Kenya, Uganda, Zambia and other African countries, while it was for fear of this "debt trap" that Malaysia's Mahathir forced down the cost of China's proposed "East Coast Rail Link" project by threatening to cancel it outright.

As for those who claim Nigeria shouldn't worry because China is also the USA's biggest debtor, these apologists either do not know or simply do not care about important differences, such as
(1) The USA still being the world's largest economy, whose domestic currency is treated as the de-facto international standard.
(2) The USA having by far the world's most powerful military, with more aircraft carriers than everyone else combined, and over 5,000 nuclear warheads.
(3) The USA's debt being denominated in its own currency, which it can devalue at will should it ever choose to, turning Chinese debt holdings into worthless paper.

None of the above comes close to holding true for Nigeria, whose Chinese loans are most likely in USD or Chinese Renminbi, and which probably couldn't defeat even a small country like Belgium in a military contest, let alone a rising superpower like China. If Nigeria defaults on these Chinese loans, nothing and nobody could stop the Chinese from forcing us into a serious surrender of sovereignty in some form or other. Unfortunately, the usual Nigerian mismanagement is already in evidence with the Kaduna-Abuja rail link, so the risks of an eventual default are far from negligible.

How many years were the Dutch, the British and the Portuguese there with only poverty and underdevelopment to show for it?
China will force Nigeria to surrender her sovereignty? Calm down bro. Where have you seen that happen in the history of the world?
Just like personal finances, nations also should borrow what they can afford to pay, its common sense.
But trust me, most of the anti China write ups are based on hypocrisy of the western press.
They fear growing Chinese influence in various parts of the world, they talk of debt imperialism when they know this is how the west kept Africa down for so long.

SageMK:
This stúpid tradition must die.

1. Is it demeaning to the Nigerian currency.

2. It steals the spotlight from the groom and bride.

People shoould simply package the cash and give it.
I wonder when the police will start making arrest.

The Yoruba who started it did not do it for show off reasons or to "abuse" the money.
Some people bastardized it just like they did everything else.
The idea is to show the celebrants you appreciate them.

delpee:
I sincerely pray that we don't end up becoming slaves to the Chinese many years down the line. We're taking too many loans all secured on our prime assets if I got the terms right.

Look at the positive side. Americans are more indebted to the Chinese than any other country in the world. The Asians are far more likely to help Africa develop than the west.

The ancient narrow guage left by the British was only meant to convey raw materials from the hinterland for onward transportation to the UK.
As long as the loans are not taken in cash and then stolen. If they are tied to projects like power plants, railroads, steel and stuff like that we cannot lose.

Imoh555:
Yoruba and rituals

A Yoruba named Cletus? Ibo killed ibo for rituals. Stop the ritual killings you will never be as rich as Dangote.

Ipob terrorists. Send them the python dancers.

adadike:
shut that shit u call a mouth. That writer is a Yoruba man. I only helped him to forward his case to his people. Shikena

Looks like what some crazy ipob would concoct. Your morbid fascination with Yoruba is becoming worrisome.

killsmith:
You sophisticated morons put us all in this mess.

And your father a crude peasant.

adadike:
By the time the Fulanis are done with the Yorubas, we Igbos will be well armed waiting for them. In fact, we are already getting ready for them coz pikin wey say him mama no go sleep, himself Kwa, no go close eyes.

Why must you always tag Yoruba? Yoruba are where they have always been. All invaders, be they Fulanis or Biafrans will be taught a bitter lesson.
You are supposed to be scared for yourself.

TarOrfeek:
The Yoruba sob story continues with shame and apathy....

You voted APC
Igbos are evil
One Nigeria!
2023 PYO

Enter: Fulani Radio!!!

"Sobs, sobs, sobs, sobs"

Who is Prof Dr . Kayode?

mbos:
So you want to tell me that IPOB never mentioned Islamization and FulaniZation

What Islamization and Fulanization Osama bin Laden himself listed Nigeria as far back as 2002 as one of the countries to be destroyed by Jihad, did anyone pay attention? No
Obasanjo was the president then did he take the threats seriously? The answer is obviously no.
I don't understand why anyone is getting hysterical about what they have been warned about.
The Fulanization part is just the normal Nigerian reaction to everything....knee jerk.

mbos:
The Department of State Services DSS has barricaded the country home of Chief Olusegun Obasanjo in an attempt to arrest him. The DSS want the former President to defend his allegations raised in accusing Buhari of plotting to use Boko Haram, herdsmen to Islamize Nigeria.

Aren't you breaking one of the Nairaland rules of not posting false information?

"Speaking with our correspondent, a presidency source who spoke on condition of anonymity, said the Federal Government quickly issued the directive to the tanker drivers, having realised that “Sanwo-Olu is trying to take credit for a project he knows nothing about”.

According to him, the presidency has been working round the clock to find a lasting solution to the gridlock in the area and it would be unfair for Sanwo-Olu to want to take credit for it."

How can this level of pettiness be coming from the presidency?
Who cares who did what as long as the roads are not choked up with traffic and people are able to go about their businesses unhindered.
I know Nigerian journalists sometimes lie though. They often cite unnamed sources when they make things up.

Atlanticfire:
Yoruba boy stop trying to rewrite our history and stop trying to deceive people.

The British handed over Nigeria to the Fulanis.

In a parliamentary election the party with the highest seat forms the government if they don't have enough seats the go into coalition with other parties to form the government.

The fulani party had the highest number of seats even though they had the lowest number of votes in the election.

The question you should ask is why did the fulani party have the highest number of seats when they had the lowest number of votes. That singular act of the British of making the Fulani to have the highest number of seats with the lowest number of votes is how the British rigged the election for the Fulanis even before the vote was cast.

You may hate the Ibos, but don't twist history to satisfy your narrow mind

What he wrote is the absolute truth. That is the true account of what happened.
The guy who finally bastardized the carefully negotiated constitution that gave Nigeria three fairly independent regions was Ironsi.

RIP dude.

VenusTechShop:
Where is the update? Is this not same pics we have been seeing since last year?

The same one you saw when Jonathan was president.

Gradually, no longer a carrot to be dangled in front of ndigbo. It's becoming a reality.

fkj950ax:
On behalf of the people that do not know what a dry port is

1. Where is the Port in all those pictures?
2. Why is Ameachi looking at Ajimobi that way in the 2nd picture?

Only your first question is relevant. The dry port cannot come before the trains. I imagine the construction will start as soon as the railway is completed.

Afonja007:
ewure is my other name

I know.

seguno2:
And supposing that he is a Lagosian, what does that make you
Learn to take your time to think before you type.

A lagosian calling Onikan stadium renovations a mediocrity?
You are the one who is not using his brain.
Why can't you both explain to us what is mediocre about it?