₦airaland Forum

unite4real:
If China tops our import origin, then it implies that China tops our dollars export. I now see why it makes much sense to do foreign exchange business with them. God bless PMB.

do you know the meaning of import and Export? i don't think you do.import mean we buy from China and they don't buy anything from us.

.

amaechi1:
Your statement sound hypocritical? On one hand some us of condemn PMB for going for China loan, now you encouraging him to go for IMF loan. Wonder shall not end.

I am waiting for another letter from Fayose.

and you call that loan? the Nigeria China deal. I don't call that loan. rather the government award frivolous blind contract to Chinese.

that is not loan. i

Pavarottii:
So wats ur point? U wanted Gaddafi also dead?

stop painting Gaddafi good. he is tyrant And a dictator. he build an egde to around lybia and kill at will. no freedom of speech. he convert state wealth to family treasure.

he called is citizen rat and milk them dry. one cannot be a millionaire under Gaddafi. during protect he banned protect and start killing like Nigeria Amy killing IPOB and Shiiti

it get to the point the news was too much and fighter crying for help. it lasted for many years before the west hijacked it.

she must be insane, when workers has not been paid, no fuel, no light. she is not speaking for Nigeria. we need that IMF loan. period.



and she call that China deal loan? the Nigeria China deal. I don't call that loan. rather the government went to China to award frivolous blind contract to Chinese.

that is not loan.

Why Should Nigeria Pay Back China -Yuan -Loan Deal In $USD? Convinced Nigerians

this topic is why should Nigeria pay back China-Yuan-Loan Deal in USD$? Nigerians need to be convinced why we are not paying back in yuan but in Dollars.


this underlined question is a red flag and there is definitely a caught in this scheme. it's either the APC is scamming Nigeria or the Chinese want to scam Nigeria.

since the Chinese government want to open China and Nigeria Yuan Trade. there should be ease paying them with yuan earn from export to China. this red flag shows there is nothing to export to China from Nigeria.

and the most funny part we are converting a big chunk of our reserved to a country who don't want yuan payment. this is disturbing and hilarious.


if we must tell ourselves the truth without religious or tribal view. than we will see things clearly. the APC or buhari aide need to come out on national TV to explain to Nigeria every details of this loan deal.


can someone care enough to answer this questions?


if there is no reasonable answer we will keep heating up the polity, and most especially this China & Nigeria deal

find below answer to our problem.

Mindfulness:
You didn't need your so called "red flag" to know this.

The top export destinations of Nigeria are India ($12.4B), the United States ($10.9B), Brazil ($9.7B), Spain ($7B) and the Netherlands ($5.12B).

The [size=18pt]top import origin are China ($11.6B)[/size], the United States ($5.89B), the Netherlands ($3.59B), Belgium-Luxembourg ($3.08B) and India ($2.69B).



Yet, Nigerians think that the West are their enemies because their leaders have brainwashed them into believing this crap in order to distract them from their inability to run the country properly.

it has been reviled the trip has nothing to do with budget. the Lagos - calabar rail is a scam to deceived Nigerians. that trip is for private pocket. dangote and the rest of others have the deal. and they expect to pay back the loan with oil money. like I said the government need to come out plain to explain to Nigerians all details concerning this loan. otherwise we are left with every right of imagination concerning this shady deal we all know.

lies.. not everything there is truth.

and Also there is bias with front page. topic that should have been there are neglected. and rather useless celebrity that has no f***ing sh*t about nairaland open cleavages

Mindfulness:
You didn't need your so called "red flag" to know this.

The top export destinations of Nigeria are India ($12.4B), the United States ($10.9B), Brazil ($9.7B), Spain ($7B) and the Netherlands ($5.12B).

The [size=18pt]top import origins are China ($11.6B)[/size], the United States ($5.89B), the Netherlands ($3.59B), Belgium-Luxembourg ($3.08B) and India ($2.69B).



Yet, Nigerians think that the West are their enemies because their leaders have brainwashed them into believing this crap in order to distract them from their inability to run the country properly.

great findings

I understand what buhari is trying to do but the "Look east policy" will not favor Nigeria either. I wonder if he is only doing it to hurt the west.

devaluation of currency in a democratic setting is not fixed. but by a market force. forex float by demand. the CBN fixed 199 to a dollar is a scam. if we must tell ourselves the truth.

kesternice:
u re sick. How can can say these re short term benefit. Find out d reason some1 like dangote borrows money den u can be able 2 state d advantages of debt.

shut up. do you think dangote care about you? these guys are after what they can get there hands on.. there are careless about the aftermath of this shiit call a deal. the loan of or the cabals and not for the goodness for the masses. the deal stink and has everything wrong with it.

edit. the guy might involved in an accident or maybe he join boko haram. so sorry

and yet someone is running after nnamdi kalu and charging him for reason for taking no life...

it seems they are just waking up from sleep. why are they silent until now. only speaking up now.

so the truth has finally be reviled.. how sure is this news?? where are the cattle's? free meat done ready.

why will any sane person change the constitution of over 170,000,000 Good people because of 1 thief? just 1 thief? what about other people in jail? this childish act is unforgettable sin, those involved should be throw into the abyss of unquenchable fire.

and people expect other countries to take Nigeria serious? its very clear Nigeria condition is worst than I thought. is there any hope for redemption?

mamaafrik:
c'mon,didnt dey do dat because the transaction was shady(all the badesh,dansuki sagas)?,or do u feel dey weren't privy to all dose secrets?,why cant they stop us from borrowing from China now?,i'm begining to suspect u .

don't worry. its gradually. they will sanction your President for gross murder and unlawful killing of of defenceless citizens. they will first start it will pressure.

Volksfuhrer:
The argument that "we need the West, so stay away from China" is nauseating. The West still do business with China! Don't they? Besides, we've been doing business with the west for ages, but what did we get in return? They hid looted funds from Nigeria in their banks, pissed on our parade and introduced dangerous economic policies that brought us to our knees! Abeg, it's time we looked elsewhere!

Nigeria export revenue of whatever kind is tied to the West. go and find out. China buys nothing from us. and they will never buy.

trillville:
Mr Joel3, by October this year, the yuan will officially become a reserve currency.
See
http://www.cnbc.com/2015/11/30/imf-agrees-to-include-chinas-rmb-in-benchmark-sdr-currency-basket.html

The us dollar is under major strains as a result of this. See
http://www.profitconfidential.com/u-s-dollar/imf-includes-yuan-in-sdr-basket-does-this-threaten-a-dollar-collapse-in-2016/

What buhari has done is to put a hedge in our foreign reserves. If the dollar collapses, we will have some money in yuan and if the yuan collapses we will have some money in dollars.

Presently, crude oil is strictly sold in US dollars, so most of nigeria's foreign earnings is in US dollars. This may change soon but as of this moment, nigeria earns income in dollars.

This is the main reason the loan is to be paid back in dollars and not yuan.

China is gradually shifting it's economy from an export driven one to consumption based one
See
http://asiahouse.org/chinas-shift-export-led-domestic-consumption-driven-economy-will-see-6-5-growth/

In the long term, China must revalue the yuan higher against other currencies to improve the standard of living of its country men.

Joel3, you should be more concerned about what projects this borrowed money is to be spent on and how much interest nigeria will have to pay.

I took time to read the links, IMF is contemplating to add yuan to it reserved bucket by October this year. they are still in doubt and not fully convince enough yet because the move has been criticised.

this still don't answer the question. why can't we pay the loan back in Yuan. this is cheating.

Why Should Nigeria Pay Back China -Yuan -Loan Deal In $USD? Convinced Nigerians

this topic is why should Nigeria pay back China-Yuan-Loan Deal in USD$? Nigerians need to be convinced why we are not paying back in yuan but in Dollars.


this underlined question is a red flag and there is definitely a caught in this scheme. it's either the APC is scamming Nigeria or the Chinese want to scam Nigeria.

since the Chinese government want to open China and Nigeria Yuan Trade. there should be ease paying them with yuan earn from export to China. this red flag shows there is nothing to export to China from Nigeria.

and the most funny part we are converting a big chunk of our reserved to a country who don't want yuan payment. this is disturbing and hilarious.


if we must tell ourselves the truth without religious or tribal view. than we will see things clearly. the APC or buhari aide need to come out on national TV to explain to Nigeria every details of this loan.


can someone care enough to answer this questions?


if there is no reasonable answer we will keep heating up the polity, and most especially this China & Nigeria deal

KINGwax007:
yes, like China, Germany, Russia, India, Zealand, Norway and so on.

May I remind u that all these countries has their downs when they almost thought it was over...

Embracing a little of yourself and an enemy of the West will always liberate you.

Do u knw why?

because the West is a veil that doesn't want you to see beyond it!!!

Now every solution comes from the West...in fact, no

look. Nigeria is a dependant country. and what that means a Borden to the rest of the world. China will never come here and clear you ass and pack your shiit.


China will never help Nigeria. you need to understand international politics. the west has the power to break Nigeria. and IPOB is a tool they are going to use if care is not taking. China will not be there to save your sorry ass.

mamaafrik:
hmmm,i was looking forward to you enlightening me but you seem not have the wherewithale,no they dont control all things,are u asying they'll sanction us due to fact that we take a move that'll move our country forward??,are you saying the Northkorean,iranian,chinese,Russian,libyan do not survive?,are they offering us those services for free?,are they the only one that offers internet linking services??how did those countries achieve that autonomy??,when they reduced their crude purchase due to their shale oil discovery,did Zeus leave hell for Nigeria?, If you are a student of history you'll know we survived without them even before china became second largest and 1 fastest growing economy in the world during the military regime,so those sad stories should not be heard amidst us anymore ore.

listen, only responding to the fact we need the west more than we need China. to integrate to the rest of the world we need west. why did they blocked Gej from buying arms. what did Russia and China did to help us at that time, you tell me...

our politicians are not smart... a thinking person will know there is a caught in this deal. paying back China with dollars is a red flag... why must we pay in dollars tell me

google. type week or month old boom j8 for sell
screen shot.

mamaafrik:
my brother can you enlighten me more about the reason why we need the west more than china.??

sorry boy, if by now you don't know, then there is little i can do to help you.

go ask Zimbabwe. if the west sanction Nigeria. you won't be able to use that phone you are using to access nairaland. they control everything including your ATM master card.

Nigeria is more divided like never before. if we must tell ourselves the truth this marriage is for a limited time.

someone is trying so hard to make this policy convincing. but the truth is no matter how hard you try to paint it. it's still not true. Nigeria is a dependant country and cannot do away without the west. we need west more that we need China trust me when I said so.

let not shy away from the truth, everything is certainly wrong with Buhari & CBN forex policy. I know we don't want our currency to be devalue. but no where in the world where government fixed price against forex. how can CBN fixed a forex price? Nigeria is been cheated and some few persons are benefiting from this and we are talking about fighting corruption.


forex pricing should be a reflection of market force and not something any body can fixed.

fattbabakay:
How?

you are still asking me how. maybe it's because of economy and power problem. even churches also affected.

does anyone noticed nairaland traffic has reduce?. I observe the traffic has reduced.