₦airaland Forum

Advantage & Disadvantage Of Nigeria And China Deal


if you ask me, the only advantage is temporary and divert the existing problem.



Advantage of Nigeria & China Deal

1, to reduce temporary pressure on the dollar

2, cheaper import of Chinese goods & service

3. using Nigeria as a contact point or business hub to other west Africa country

4. short team infrastructure to ease suffering

5. the naira we now be accepted by some Chinese

6. opening of Chinese and Nigeria trade.

Disadvantage of Nigeria & Chinese Deal

1, it discourage local product since its cheaper to import

2. it will increase importation as never before. and most especially this critical time oil is worthless

3. its contradict the slogan of Diversifying Nigeria economy

4. we have little to export to China compared with our import from chine

5. the profit margin scale is not balance Nigeria is on the losing end.

6. the long team is disastrous to our economy

7. Chinese yuan is not worthy to bank on inflation will kill our reserve.

8. Chinese will start taking over our jobs and owing a store and storehouses. like it happens in Zimbabwe

9. on the long run there will be scarcity of the yuan just like dollar today.

you are free to add yours.

I am sure the lion is well feed. lion don kill when is stomach is feed.

if PDP bring northern candidate and possibly a Muslim. then forgot it.




Advantage & Disadvantage Of Nigeria And China Deal


if you ask me, the only advantage is temporary and divert the existing problem.



Advantage of Nigeria & China Deal

1, to reduce temporary pressure on the dollar

2, cheaper import of Chinese goods & service

3. using Nigeria as a contact point or business hub to other west Africa country

4. short team infrastructure to ease suffering

5. the naira we now be excepted by some Chinese

6. opening of Chinese and Nigeria trade.

Disadvantage of Nigeria & Chinese Deal

1, it discourage local product since its cheaper to import

2. it will increase importation as never before. and most especially this critical time oil is worthless

3. its contradict the slogan of Diversifying Nigeria economy

4. we have little to export to China compared with our import from chine

5. the profit margin scale is not balance Nigeria is on the losing end.

6. the long team is disastrous to our economy

7. Chinese yuan is not worthy to bank on inflation will kill our reserve.

8. Chinese will start taking over our jobs and owing a store and storehouses. like it happens in Zimbabwe

9. on the long run there will be scarcity of the yuan just like dollar today.

you are free to add yours.

I think somebody already created topic like this.

Advantage & Disadvantage Of Nigeria And China Deal


if you ask me, the only advantage is temporary and divert the existing problem.



Advantage of Nigeria & China Deal

1, to reduce temporary pressure on the dollar

2, cheaper import of Chinese goods & service

3. using Nigeria as a contact point or business hub to other west Africa country

4. short team infrastructure to ease suffering

5. the naira will now be accepted by some Chinese

6. opening of Chinese and Nigeria trade.

Disadvantage of Nigeria & China Deal

1, it discourage local product since its cheaper to import

2. it will increase importation as never before. and most especially this critical time oil is worthless

3. it contradict the slogan of Diversifying Nigeria economy

4. we have little to export to China compared with our import from China

5. the profit margin scale is not balance Nigeria is on the losing end.

6. the long team is disastrous to our economy

7. Chinese yuan is not worthy to bank on inflation will kill our reserve.

8. Chinese will start taking over our jobs and owing a store and storehouses. like it happens in Zimbabwe

9. on the long run there will be scarcity of the yuan just like dollar today.

you are free to add yours.

let wait and see the aftermath of this trip. no excuse for failure. no body is sacred cow.

let wait and see the aftermath of this trip. no excuse for failure. no one is sacred cow.

now it's clear Nigeria is more divided as most of us think under Gej tenure.

and this will make front page ?

now this is getting interesting. it turns out buhari is losing popularity. this is how it all started with Gej.

hahaha. sure buhari popularity is dropping by the day. and this will affect APC in future elections.

now everything is getting interesting.

hahaha

i have a feeling that at the end. we will go back to IMF and still devalue the currency. currency is devalue by market force and you can't escape it.

Advantage & Disadvantage Of Nigeria And China Deal


if you ask me, the only advantage is temporary and divert the existing problem.



Advantage of Nigeria & China Deal

1, to reduce temporary pressure on the dollar

2, cheaper import of Chinese goods & service

3. using Nigeria as a contact point or business hub to other west Africa country

4. short team infrastructure to ease suffering

5. the naira we now be excepted by some Chinese

6. opening of Chinese and Nigeria trade.

Disadvantage of Nigeria & Chinese Deal

1, it discourage local product since its cheaper to import

2. it will increase importation as never before. and most especially this critical time oil is worthless

3. its contradict the slogan of Diversifying Nigeria economy

4. we have little to export to China compared with our import from chine

5. the profit margin scale is not balance Nigeria is on the losing end.

6. the long team is disastrous to our economy

7. Chinese yuan is not worthy to bank on inflation will kill our reserve.

8. Chinese will start taking over our jobs and owing a store and storehouses. like it happens in Zimbabwe

9. on the long run there will be scarcity of the yuan just like dollar today.

you are free to add yours.

.we really do not need that loan. what about money recovered from corruption and the trillion tax they made last year from single Treasury account?

CSTR2:
Exporting oil to China at giveaway price and getting an overpriced albeit world class infrastructures is a great deal than we have gotten in decades.
I don't mind selling $4 billion worth of oil for $3B worth of world class Infrastructures if that is what it takes.

hahaha. world class infrastructure. and you expect that from the Chinese

9jatriot:
Nothing wrong with the policy. The dollar exchange has not been scrapped, if you prefer to use dollars then go source for it. If you are buying from China then you have an OPTION to use the yuan directly.
For example, if 1000 people need 100 dollars each, and 600 of those people need the dollar to buy things from China, what this policy is saying is that instead of the 1000 people to scramble for the scarce dollar why not give those buying from china the option to buy directly in Yuan leaving the other 400 people who really need the dollar to share the dollars available. If the policy works then the demand for dollar will reduce because at least those buy items from China will now be able to do so. The fear is that Chinese products will flood the market, but people forget that a lot of raw materials, chemicals and even machinery will also become cheaper. Intelligent people can begin to buy machines now without looking for dollars to do it.

just choose to be illiterate, have you ask yourself what will Nigeria export to China in return for Yuan? where we the central bank get the yuan from?

[s]

NgeneUkwenu:
Currency Deal With China To Crash The Dollar By 70% !

President Buhari doesn't have "certificate" but he sure knows how to make things happen and do what some heroes with unproven Ph.D. can't even dream of...

1. As President Buhari and CBN Governor, Emefiele moved closer to actualizing their promise to strengthen the naira against the US dollars

2. By signing a landmark currency deal with the Industrial and Commercial Bank of China Ltd on Tuesday in Beijing, China.

3. The agreement will allow Nigerian who imports mainly from China conclude their transactions in the Chinese currency instead of the dollar

4. The new agreement would see Nigeria-China trades, which accounts for over 70 percent of imports into Nigeria, concluded in the Yuan.

5. Until now over 90% of int'l trades between Nigeria & the world is done in dollars, & in the process putting so much pressure on the nairaYou an

6. Nigeria imports almost all it needs from the West, Middle East and Asia.

7. The CBN is expected to diversify a huge chunk of Nigeria’s foreign reserve from the dollars to the Yuan to perfect the agreement.

8. “It means that the renminbi (Yuan) is free to flow among diff banks in Nigeria, & the renminbi has been included in the FXR of Nigeria,”

9. FXR means foreign exchange reserves

10. Lin Songtian, director general of the African affairs department of China’s foreign ministry, told reporters in Beijing ...

11. .. a few minutes after the agreement was signed between the Governors of the nations’ reserve banks..

12. in the presence of President Buhari & President Xi Jingping of China, who is hosting Buhari and top Nigerian officials to a state visit.

13. Lin said a framework on currency swaps has been agreed with Nigeria, making it easier to settle trade deals in Yuan.

14. China has signed currency swap deals with countries ranging from Kazakhstan to Argentina as it promotes wider use of its Yuan.

15. Nigeria would become the clearinghouse for Yuan denominated transactions for the whole of Africa following the agreement.

16. Beijing also signed agreements to develop infrastructure in Nigeria, part of a drive to deepen its ties with Africa.

17. It has offered Nigeria a loan worth $6 billion to fund infrastructure projects.

18. Also, ICBC signed a $2 billion loan deal with Dangote group, to fund two cement plants it plans to build, Lin told Reuters.

19. China’s official Xinhua news agency cited President Xi as telling Buhari that there was huge potential for economic cooperation, naming

20. Naming oil, refining and mining..

21. Nigeria is also considering issuing Panda bonds (mainly Yuan denominated) as against euro bonds because they are cheaper.

This is good, better days are ahead, I'm sooo happy and hopeful right now. Nigeria shall be great again!

Miss Ngene

[/s]


if this is the reason for the deal then it's senseless. will Nigeria keep importing items we can locally produced at this time oil is worthless in international market? how do we encouraged local production. how can we diversify our economy to self sustaining economy?

.it's only in Africa people scared of mermaid.

who knows she might be telling us who she is.

but that boobs too small for my liking. besides I am more into light skin girls.

[size=20pt]
donation of kidney is an unforgettable sin

op, just prepare for judgment day


[/size]

do not have any family history concerning kidney. perhaps alcohol is in family linage. so there is no cause for alarm.

MR Curtis we are strongly behind you. we are following up with the case on social media. because I still can't phantom the evidence of this crime but additional part of in possession of firearm if that is true you will answer your father name. except ofcourse it's all a frame up.

but note that we are following up the case on social media. on the ground of freedom of speech and nothing evidence enough in your online post.

the question still remains who removed the Lagos - calabar rail track in the first place?

maybe because he was clueless.

why not build it before the strict law. pelican crossing also make sense for now in addition to that foot bridge

almost every tecno boom j8 owner want to sell it. why?

I am in support with #IstandwithFayose, I don't know why I have this bad feeling that nothing good will come out from this loan.

post=44705779:
One Of The Three Shopping Malls In Anambra Was Commissioned By Gov Obiano-photos

THE N9 billion shopping mall built by Anambra State Government, in collaboration with a private investor in Onitsha was commissioned today by gov Willie Obiano, Nnewi and Awka malls will be ready soon

op which phone camera u de use!