₦airaland Forum

NaijaPikinGidi: Why are you so stupid? Further nonsensical justifications? Now you are adding a "nationwide" digression to twist the facts? Each new time you try, you basically give more credence to the facts of my original comment! SANRAL remains the same whether in Gauteng, Western Cape, Mpumalanga, KwaZuluNatal, Limpopo, Eastern Cape or any other South African province! Therefore the Kapsch etoll stake in Gauteng and the proposed etoll in the Western Cape will have impacts on your SANRAL nationally! Kapsch will benefit nicely from further road and transport infrastructure projects. Just wait for SANRAL to win its case against your rapist Vavi's COSATU and DA sponsored OUTA! You are consigned to pay Kapsch or have SANRAL go burst in high interest loans and credit repayments,

There is a huge difference between e-tolling (cities) and road tolls (Nationally). E-tolling system is where foreign investment stand to gain but has the responsibility to maintain city roads out of their pockets. It will not be the responsibility of the government to take a good care of those roads anymore.

The metro used to lose billions of rands through maintenance of roads, especially in Gauteng alone where there is heavy traffic which warn out the road every bit of the day. Now there was a need to shift the responsibility by outsourcing where the government can now use its revenues on something else.

NaijaPikinGidi: You dare, we act in full measure! Spineless South Africans ... evidenced in all your national endeavours! Full of bark and no bite! You must humble yourselves to let your Nigerian teachers teach you the politics of diplomacy and military engagement!

What do you know about diplomacy if you fail to get your country right. Why can't you use the very skill to negotiate with BH and grant them their wishes of establishing their own separate state which will be ruled under sharia?

NaijaPikinGidi: Further digression! Can you for once talk like an "adult" and not the "veteran" of your Alice in Wonderland South African Universities Military Games? You seem to have conceded to the facts of Kapsch owning 65% of proceeds from your road tolls ... as such you are busy talking about profit repatriation with baseless justifications! Keep fooling around trying to poke holes in Nigeria's consistent efforts at socio-economic growth while your European and American masters continue to drill nicely into the gaping holes in the fabric of your national economic life. Nothing in Nigeria should interest South Africans, but with all the keen interest from your lot ... it is evident that Nigeria is way into her upward trajectory! Deal with your issues ... we are dealing with ours! Don't come here acting like the Pope!

Lol!! Foreign companies are making a kill in your country, just imagine if my company were to benefit to Nigerias bigger market without having to share my business with any stinking Nigerian. When I will even have to hire labour and deny them membership of labour unionisation because labour policies of Nigeria does not provide any rights to join unions. I will indeed act like a boss by hiring and firing whichever way I please where I can even exploit their women sexually in favour of employment. Nigeria is going down the drain

NaijaPikinGidi: CrayFish on a mad, aimless and cowardly rampage!





Emptiness of the highest order and more delusions just to satisfy your need to ventilate from your smelly behind! You and your MsauZA, and Mike..ZA ( -- brothers in stupidity), will continue to beat about the bush rather than address the simple points of fact that I have made! But how about one more chance to rebut my original response to Mike..ZA? I am reposting again below:



Like I said I can't count on anything smart coming from your blunt proboscis ! What resources are you talking stupidly about? The gold and platinum that is mined in South Africa and shipped off to China and around the western world only to be returned expensive as finished products? You must be starving yourself of those cheap things you suck! Nigerian/Chinese joint companies will continue to build our roads and infrastructure !!

Hopefully, your weak brain can analyse the information presented by the links below:

South Africa builds nothing!! All you currently do is get foreign skills and technology to replicate in South Africa what originally existed eslewhere.
http://www.tollroadsnews.com/node/4380

At least 65% of over US$500million in tolls from your Sanral-built gantried-roads is owned by foreign-owned Kapsch Group (http://www.kapsch.net/).

And when all is said and done you are the same people who are worse-off in huge debts and poverty as a result of bad infrastructure investments and offers fom your American and European masters! Will your COSATU and OUTA and civil society ever win the case against your SANRAL tolling monster?
http://www.economist.com/node/21554553

Unlike South Africa, Nigeria will build roads that will not become financial burdens to her citizens hence we have secured lowest interest financing from China for a broad range of infrastructure development projects ... Again something you can never comprehend or wrap your empty behead around!

We are much smarter than you South African lot!

Your findings above are very wrong my friend. The Austrian company does not stand to benefit from SANRAL's entire business nationwide but only from the Gauteng E-toll system where the Austrian company has a stake. Gauteng is a province in SA and not a country, hence the Austrian company has a stake only in Gauteng e-toll project.
You are smarter than us but your roads remain as bad as hell. Chinese will never give quality and for that I bet you because it will only be a matter of time that your roads will be starting to worn out again.

NaijaPikinGidi: Only if you could read the JOKE that you consistently make out of yourself. Until you "dazzle" above your 33% capacity you are actually brilliantly stupid! Thanks to my professional background you'll always be confounded by my currency, ways and means with regard to information I share about your South Africa. Yet, I seriously have not shared anything unusual or out of the ordinary to give you the threatening feeling that I live in your South Africa. KAPSCH ... kapish!!

Leave SA alone because the Austrian company is not going to claim 100% profit and repatriate it back home. Almost 35% of revenues will remain in South Africa to a local partner until such partner buy majority controlling shares. Deep down I know that you can see that your leaders are directionless for allowing such nonsense to happen in Nigeria, where foreigners make profit out of exploiting labour and market and still repatriate 100% revenues back home without any local partner. Those foreign companies are slowly killing the local business which existed for ages in Nigeria, since the locals now patronise foreign business because of the new taste of market that foreigners have introduced in Nigeria.

One Nigerian told me that they were not used to buying a clean meat as the one they have seen from shoprite in Nigeria and ever since its introduction, people do not buy meat from the market anymore because of poor hygiene. Instead, people flock at shoprite to buy clean meat from shoprite butchery many of which were imported from SA.

NaijaPikinGidi: Shut your filthy vocal cavity! I am here hoping that you can dispute all my factual comments and all you can do is come up with baseless assertions of your own imagination. You have unwittingly agreed to the FACT that South Africa is surviving basically on Foreign Investment! The world owns South Africa You are a laughable lot! You point at Nigerian/Chinese bilateral pacts yet refuse to see how much better and more cost effective they compared to South Africa's wasteful and expensive investment deals with your foreign masters! When you get caught with your filthy hands in the cookie jar you begin to digress towards irrelevant tales. I know more than your head can ever know about how South Africa is run! Calculate 65% of US$500 million per annum and it tells you that we are more fiscally prudent in our choices and decisions on issues of national interest! Where in the world has anyone ever acquired a heavy long term loan at 3% interest rate? Nigeria just did that with China. Sadly your South Africa is heavily indebted with huge accumulated interests over and above the principal capital. Kapsch will keep squeezing on SA's balls.

Bwahahahahaha!! The world will never own SA because of our policies which demands foreign investment to partner with local business or else there is no business. With the policy that Nigeria has now adopted in relation with conducting their foreign investment by allowing every dirt to come from nowhere and make business in Nigeria without any local partnership marks a disaster for Nigeria and its people. You will end up being owned by the Chinese and South Africans because everyday they expand their businesses in Nigeria to the level that Nigeria and its people will fail to even buy them out. They will remain the burden for Nigerian government forever and ever. In SA, for every foreign investor there is a local partner with majority controlling shares or just below if the local partners decides to sell more of their shares to a foreign investment.

South African companies are strategically trying to steal Alhaji Dangote's wealth by buying majority controlling shares in his businesses. Recently, South African companies have been flogging in Nigeria with the aim of having their hands on the businesses owned by the richest man in Africa. The magnate had on the past few months concluded a deal of selling his controlling majority shares of his flour company to Tiger Brand, South African owned company. He also further sold part of his shares of Dangote cement to PIC which are now looking to buy more of the stake. More of the PIC story can be read below:

http://leadership.ng/news/160613/south-africa-s-pic-invest-more-dangote-companies

Is funny how limited 33% South Africas brain capacity can beat and wallop fake 100% Nigerias brain power at their own tuff (Nairaland). South Africans wherever they go they conquer, No wonder some have even adopted rats tendencies of only sneaking out in the still of the night to make noise. They have resorted to this low profile behaviour for fear of being challenged intellectually.

NaijaPikinGidi: If we did it for your Aparthied sake to the British ... we have the power to do it to your spineless setups in Nigeria! Nigeria is not Zimbabwe! Again, just like SA laws that require majority local shareholding ... our laws are supreme and will have to be respected!

Surely, that is very wrong, you cannot allow any company from nowhere to come to Nigeria and claim 100% revenues without local ownership. I have listened to Aliko Dangote's weak and tiring speech during his visit to President Obama's address at University of Johannesburg Soweto campus. He boldly and proudly uttered politically misinformed speeches that Nigeria is the only country where foreign investors can make business without any worry of local partnership. He supported that motion that foreign investments should never be pushed to relinquish shares to local business as a licence to make business in any country. That will never happen in South Africa.

NaijaPikinGidi: You are quite lucky I lost my original response to your nonsense above ... as my device battery ran flat while waiting for my connecting flight.

Your comprehension skill is still spot on at 33%. Can you quote where exactly I mentioned that SANRAL had foreign ownership? You failed to counter my CORRECT statement of Kapsch Group's 65% stake in SANRAL's US$500million per annum toll revenue from gantries setup through foreign investments in SA's road infrastructure development. You keep skirting around the main issues rather than respond to them. If South Africa gets foreign direct investments for infrastructure development why should Nigeria/China bilateral investments become an issue for badmouthing by your comrades on this thread.

Nigeria will continue to aim for more heavy investment deals with countries and institutions that have the interest of mutual benefits at heart. Nigerian/Chinese companies will continue to provide joint technical and management manpower for Nigeria's infrastructure development projects at the best costs and quality! The highlighted portion of your comment above apart from being so laughable, is a reflection of your chronic stupidity! Approximately US$350million (ZAR2.7billion) per annum of toll money from road users going to Kapsch Group is a massive rape on your economy! The roads SANRAL has built is on borrowed money with huge interests already accruing on the capital. The links I provided are just a scratch on the surface of the actual state of your debt to your American and European masters!

Until you and Mike..ZA can address the points I raised squarely, please leave the rest of us to talk military matters! You have no clue about globalisation and bilateral trade in international relations! Period!

There is a whole lot of information you do not know about e-tolling system. SANRAL is a much bigger parastatal which runs toll gates throughout the country and e-tolling system is only installed in Johannesburg where the Austrian company owns a 65% stake through foreign investment, not 100% stake as is always the case in Nigeria with foreign investment. In order to know the ins and out of this drama, I will gladly recommend you to read the link attached below:

http://m.mg.co.za/index.php?view=article&urlid=2012-04-26-etolling-splits-anc-alliance

2smooth2shout:
the guy wan test weda he get small sense. which he failed

Monkey see, monkey do. I have challenged you to discuss constructively with validity and sense, and this gesture depicted below is what you could only give me;


So, now tell me where is your Nigerias 100% intelligent brain?

2smooth2shout: Boring..old story

we can decide to nationalize them, kick you out and Nigerians will still have their jobs. you'll lose

further proof of you poor reading ability for not seeing "political influence" in my previous posts

You cannot do that since foreign investment is protected by international law, hence your government can be sued billions of dollars for failure to deliver on their duties. Besides, Nigeria will stand the greatest challenge of economic decline and massive loss of employment.

The only area where Nigeria is failing is by allowing foreign investment to run without any local ownership, that was the biggest blunder ever done by any country. No wonder many investors are now running to Nigeria because they know that they stand to lose hardly anything to local businesses. In this regard, Nigeria will need to shift to Mugabe's indigenization policies of forcing foreign investments to relinquish 50% ownership to Zimbabweans. Immediate economic policy shift is needed in Nigeria or else they will be owned by foreigners at every cost.

2smooth2shout: Metaphor. donkey.. you don't need to be a genius to understand the question. oh i forgot that you are STUP1D.
didn't i say this in my previous post. see how your desire in life is backwardness.

in our house? that's funny. so why did you arrest henry okah after we ordered you to when he fled to SA? why did your government beg for deporting Nigerians after we threatened to cut diplomatic ties and own your companies? you may have businesses here but we own you b!tches.

if you knew how to read you'll see i already answered that. i assume i'll never get my answer other than your usual empty response..

Wrong! There is no any country that ordered another to arrest a person. Once you skip any country as a criminal to another country, the former will have to register their case with Interpol. Countries do not just take orders from other countries to effect detentions on individuals unless proper procedures have been followed. Henry Okah was on the most wanted list of Interpol, hence his successful arrest.

Meanwhile, Henry Okah fled to SA on purpose, citing his over confidence on legal system of the country. He further challenged Nigerians application to have him repatriated on the basis that the legal system of Nigeria is compromised and biased on many of their judgements which could lead to his possible death penalty.

NaijaPikinGidi: Ever heard the mantra of ONE NIGERIA? There'll always only be ONE NIGERIA so stop hyperventilating from your behind!

I don't think that the talks would ever be a success because Islam doesn't want to be ruled under democracy. They feel that democracy support only interests of Christians and pagans.

Democracy can be best described in simple terms as the government by the people. For democracy to be progressive it has to be accepted by all the people, but the problem is that those who embrace Islam feel that democracy is against their religious principles because they do not simply believe that men should live under such freedom. Just imagine when you will have to legalise same sex marriages and afford women 50/50 powers it will not go well with those who embrace Islam. The problem is Muslim constitute almost over 40% of Nigeria's population. In this regard, is your government going to accede to their plea of envisaged separate Islamic state under Nigeria or not?

agaugust: use your coconut head. the focus here is on military power and international influence, not infrastructural development, you mofo !

the american army officers with detailed african experience merely confirmed all we have been arguing about since page 1 to page 600 of this thread. you lose south africa, you lose finally ! zuma just bowed his head down to obama for nothing o !

better don't let envy of nigeria's divine glory give you epilepsy

Your explanation is very weak because it equates to that of a child. In that case, since you believe what Americans say about Nigerian military power, I will equally believe the World Fact Book about it findings about South Africas developed state.

agaugust: why should i bother to convince a fool ? i post for nigerians to know what goes on, nairaland is a nigerian forum, you soweto guys are poachers here, you have no such intellectually stimulating form is south africa unless your european masters 'transfer some more brain technology' to you .

beegeagle is my source, he does not tell lies because he is not trying to impress anybody. he values his public image and credibility more than you south africans value your wives at home.

i will post it as many times as i wish. beegeagle too will continue to remind the world. final.

http://beegeagle./2012/07/24/nigerian-air-force-begin-work-on-bomb-defusing-robot-receive-enquiries-on-made-in-nigeria-amebo-1-uav-brazilian-military-institute-to-partner-naf/

Well in that case let us close the book because you are not being objective in your argument.

agaugust: .


now at page 600, this thread has proved its point beyond reasonable doubt......

thread topic/question : who has the strongest millitary in africa ?

thread topic/answer : EGYPT

thread topic conclusion : so who is next to Egypt as second rank military power in Africa ?

thread answer from neutral source America :

[size=16pt]American Army Declares Nigeria As Africa's Number One Power[/size]

https://dvsl3w2q45hb8.cloudfront.net/wp-content/uploads/2013/07/JONATHAN11.jpg

QUOTE :

"Well, Nigerians may derive a similar psychology from a 103-report released recently by the U.S. Army’s Strategic Studies Institute.

Douglas C. Lovelace, Jr., the director of the institute, warns that Nigeria is too important for American policymakers to ignore or misjudge.

“Nigeria is the key country in sub-Saharan Africa for the success of American policy and interests, but is poorly understood by policymakers,” Lovelace writes in the foreword to the report. “Nigeria is an African powerhouse blessed with a large growing economy, huge reserves of oil and natural gas, the largest population in Africa, a rich cultural diversity, and powerful regional influence.”

The document proper was authored by two retired veterans of the U.S. Army and Foreign Service, Gerald McLoughlin and Clarence J. Bouchat. McLoughlin is identified as “a retired U.S. Foreign Service Officer with extensive service in sub-Saharan Africa. "

SOURCE :

http://www.punchng.com/columnists/punchwise/us-army-why-nigeria-is-so-important-to-the-us/



can we close this thread on this page 600 ? just asking. thread topic/question has been answered perfectly


.

This is indeed funny. The very same Americans listed South Africa as a developed country in the recent CIA world fact book, but still you disputed that sudden graduation and now tell me why should we believe that crap by the Americans?

agaugust: listen here you this mumu, no country in the world will post or publish details of its missile program for public information unless it is looking for export market or trying to threaten other countries. if that kind of s.tupid publication of a nations ongoing missile tests makes sense to you, then y.ou are s.enselss in reality

beegeagle never disputed it and he has reputation for honesty and integrity, no post is shown on beegeagle immediately you comment, the man personally reads and edits every single post. nigerian minister of state for defence confirmed it publicly without revealing details.

those who say 70km and 120km improvement say they live around the test area and could ask workers in the base or interact with the people resident around them and share little tips of information, nothing detailed. use your brain to think or you have to be spoon fed before your brain ignites some little gas combustion ?

you want nigerian long range missile project at Epe lagoon base to die because south african Thorgo Cruise missile project died due to lack of funds. nigeria is pumping oil dollars to fund our own project ahead of all other african countries, we dont use military budget for such things. nigeria has $50 billion cash reserve !

beegeagle says:
July 24, 2012 at 3:35 pm
We have taken a bold leap forward since 2011, gentlemen. So let us have a recap:

Military-Security Alignment

* 4 satellites in orbit wef 2003
(two of three launched in 2011- NigeriaSatX and NIGCOMSAT-1R possess military applications)

* 100 military personnel trained to operate surveillance satellite

PROTOTYPES

* $500m Aerostar/Seastar UAV and USV systems, eleven coastal radar stations, DA42 MPP turboprops, Beechcraft King Air 350 MPA and Alenia ATR42-500 MPA Surveyor planes

* Army-owned mini-UAVs

PROTOTYPES

* Medium range rockets(70km)
* Amebo-III UAV(NAF)
* Bomb-defusing robot(NAF)
* UAV(Army)
* 81mm mortar
* Target Acquisition Machine(NA)

PRODUCTION

* 31 metre Seaward Defence Boat
* Igirigi APC
* Flak jackets
* Night Vision Goggles
* OBJ rifles

What have I left out? These gains must be sustained.

http://beegeagle./2012/07/24/nigerian-air-force-begin-work-on-bomb-defusing-robot-receive-enquiries-on-made-in-nigeria-amebo-1-uav-brazilian-military-institute-to-partner-naf/



nigeria never told anybody it produced igirigi APC until it was ready for army use, then you think such country will publish ongoing missile development program in newspapers just to inform one fool of a @saengine ? slowpoke !

the american rocketry enthusiasts source you posted confirms that one of them is the CEO of an american aerospace technology company, and you call that man a without relevant technical qualifications....you really are a dummy indeed

i proved to you two fools @andrewza and @saengine, that fools dont build strategic rockets, fools build christmas firecrackers

.

Since you refused to attach a link that would convince us is better if you keep quite because there is nothing that we will believe about your so called secret missile programme.

Mike..ZA:
Egypt doesn't have the money to fund operations. If the USA was to cut aid to Egypt,their equipment would rust like Libya's air force under Muammar. I always challenged you on the ground of: which country on the continent can fund operations and produce quality weapons. In a war situation against another country,with both countries slapped with sanctions and arms ermbago.

Obviously that would be South Africa. The only country in the world that was under arms embago and still manage to exchange fire in a 30 year bush war.

NaijaPikinGidi: Lying as usual after your so called local/internal for fun university sports competition that you dubiously call military games Each time I pressed your weak balls the pain was enough to get your lazy brain scrambling to research for a face saving measure! That was where the concentration was. Your false Universities Military Games assertion cannot equate to the URTP that you finally located. Yet the URTP is yet to produce the kind of numbers required for SANDF or reserves! Please eat your humble pie without further noisemaking!

What do you know about pentathlon? Can you briefly tell me a little about it.

Moreover URTP is not about targeting a certain number, is an ongoing programme that is aimed at adressing the shortage of professionals in SANDF through reserve forces. I am as well a reserve force having a full time job. I only perform my assignment on voluntary basis or call-up.

NaijaPikinGidi: Regardless of the needlessness of a direct response to your ignorance, I'll be kind to respond to you!

Point to any recent mindless bombings or killings of the magnitude recorded at urban centers, churches, markets etc., in the past (pre-SoE), and you'll have proven something significant with regard to an undiminished Boko Haram. Other than weak strikes on the Borders and fringes of Nigeria, you can cry yourself hoarse for a diminished Boko Haram! So far our intelligencia and military forces are alert and mopping up any remnants of the group. The hearts and minds of every Nigerian has never been this positive and upbeat and surely at peace! Do you understand?

So, is your government going to accede to their plea of forming a separate state that will be ruled under sharia laws. Remember, there has to be a resolution from the Amnesty.

NaijaPikinGidi: Like I said I can't count on anything smart coming from your blunt proboscis ! What resources are you talking stupidly about? The gold and platinum that is mined in South Africa and shipped off to China and around the western world only to be returned expensive as finished products? You must be starving yourself of those cheap things you suck! Nigerian/Chinese joint companies will continue to build our roads and infrastructure !!

Hopefully, your weak brain can analyse the information presented by the links below:

South Africa builds nothing!! All you currently do is get foreign skills and technology to replicate in South Africa what originally existed eslewhere.
http://www.tollroadsnews.com/node/4380

At least 65% of over US$500million in tolls from your Sanral-built gantried-roads is owned by foreign-owned Kapsch Group (http://www.kapsch.net/).

And when all is said and done you are the same people who are worse-off in huge debts and poverty as a result of bad infrastructure investments and offers fom your American and European masters! Will your COSATU and OUTA and civil society ever win the case against your SANRAL tolling monster?
http://www.economist.com/node/21554553

Unlike South Africa, Nigeria will build roads that will not become financial burdens to her citizens hence we have secured lowest interest financing from China for a broad range of infrastructure development projects ... Again something you can never comprehend or wrap your empty behead around!

We are much smarter than you South African lot!

Roads will always be a burden to its citizens through tax and if that is not the case in any country your infrastructure will collapse. Roads need money to maintain and I know that is very new to your ears since your roads were so bad beyond repair because of your failure to maintain them. Roads do not take five years and still remain in good condition, they need to be maintained from time to time and tell me from whose money? Do you think all that money will fall from the sky? Surely NO, you will have to food the bills through tax or other means.

Meanwhile, SA has many big construction companies who build our road and I hope you can quickly make research about Murray & Roberts Co to find out the truth for yourself. China is projecting itself as the new African colonists and they will own everything in Nigeria until your federal government wholly depend on them for everything and that way they will have you on your balls. Now since Nigeria has moved away from their indigenization policies to force foreign owned investment to relinquish part of their ownership to local businesses, surely that will cause them problems in a long run. They will all end-up being owned by foreigners, their land, businesses and even their wives. That was your stupid move by you government for failure to empower your local businesses through foreign investment.

Your link above about SANRAL foreign ownership is very wrong, because it could have been right if they said the foreign company invested over 65% on Johannesburg e-tolling project alone. The government has however used the government employees pension fund (GEPF) as collateral to secure the investment for that project.

NaijaPikinGidi: Again Boko Haram has evaporated and MEND are socially re-integrated ... positively skilled and trained to bring development to their immediate community! Did you ever hear the word Amnesty for militants? They dropped their weapons and militant ideologies for good. SA cannot hold claim to such successes anywhere on planet earth! Deal ith it? Nigeria will dialogue ... But we will not lose a fight to maintain the peace anywhere we deem fit. We did it for you South Africans long ago!

Are you sure BH has completely evaporated? What I only know is that the group has now split into two on account of those who are willing to cooperate with the government. BH has not evaporated because those who are still in support of radical jihadism are still throwing their full weight behind their deposed leader. Your federal government has even warn people about another possible terrorist attack.

agaugust: Obama visited south africa, ate your food, drink your wine, he no dash you one dollar despite how president zuma bowed down for this his son's age mate

nigeria went to china and came back with $25 Billion funds and new defence pact and new economic pact with china, the world most powerful economy today.

zuma bow down for Obama tire and the americano yankee no dash soweto one single shishi or kobo chei, o ma se o !

Wow!! The same US that will built your power station. The same US that flattered you by falsely branding you the most powerful military in Africa. Oh! Shame, you are such a low class to be taken for a ride by America because of your OIL.

CraigB: Naai-gerian IdiOOTs are used by everyone!!

Even South Africa plays in Naai-geria

A nation of foools.

__________



http://telegraphng.com/2013/07/chinas-loan-to-nigeria/

The much talked about agreement between China and Nigeria to secure a $1.1 billion (about N160 billion) low-interest loan from the Asian giant to build much-needed infrastructure came to its fore recently as the Ministry of Finance broke news of the deal struck during President Goodluck Jonathan’s meeting with Chinese President Xi Jinping in Beijing on Wednesday. It is no longer news that China has made significant investments in Africa, which has played itself out with several loans to various African nations. The loan to Nigeria is the largest by the Asian giant to any country in Africa and is aimed at building roads, airport terminals in four cities, and a light-rail line for Nigeria’s capital.

The narrative has thus far been told from various sources without taking into account the larger context of how Chinese banks fit into the pre-existing system. The surface benefits are quite intriguing, as the loan will costs less a lot less than IMF and World Bank sources, borrowing at a 1.5% above LIBOR (the London Inter-Bank Offered Rate, the benchmark interest rate for international finance); and has a grace period of seven years, with payment over a further twenty years, which is far longer than the European banks’ normal term of four or five years, without any grace period. It has to also be said that the most unusual feature of the line of credit is that it’s the usual Asian, oil-for-infrastructure model, used by China all over Africa and the same Japan used in China three decades before.

[size=14pt]Most interestingly, however, is that the infrastructure development said to be targeted by this loan will be undertaken by Chinese state-owned companies; which is a very ingenious way to extract oil from Nigeria and at the same time provide business for state owned corporations, while creating jobs for its growing work force.
[/size]
According to reports, Africa’s biggest oil producer, which has a huge infrastructure deficit and has most of its citizens living in poverty, has prior to now gone into several agreements with Chinese companies, who are already building roads across Nigeria in contracts worth $1.7 billion. However, this new loan agreement will see China’s demand for crude oil produced in Nigeria rise tenfold to 200,000 barrels a day by 2015.

Reports say that representatives from both countries signed five deals, including a lending agreement between China’s Import-Export Bank and the Nigerian finance ministry for the expansion of the airport terminals and an economic and technical cooperation pact following a meeting between Xi and Jonathan.

We will use them like condoms and flush them thereafter.

agaugust: Obama visited south africa, ate your food, drink your wine, he no dash you one dollar despite how president zuma bowed down for this his son's age mate

nigeria went to china and came back with $25 Billion funds and new defence pact and new economic pact with china, the world most powerful economy today.

zuma bow down for Obama tire and the americano yankee no dash soweto one single shishi or kobo chei, o ma se o !

So, are you not even ashamed that they now show you white teeth. OIL

agaugust: .
https://logbaby.com/files/logo/13835.jpg


[size=16pt]American Army Declares Nigeria As Africa's Number One Power[/size]



QUOTE :

"Well, Nigerians may derive a similar psychology from a 103-report released recently by the U.S. Army’s Strategic Studies Institute.

Douglas C. Lovelace, Jr., the director of the institute, warns that Nigeria is too important for American policymakers to ignore or misjudge.

“Nigeria is the key country in sub-Saharan Africa for the success of American policy and interests, but is poorly understood by policymakers,” Lovelace writes in the foreword to the report. “Nigeria is an African powerhouse blessed with a large growing economy, huge reserves of oil and natural gas, the largest population in Africa, a rich cultural diversity, and powerful regional influence.”

The document proper was authored by two retired veterans of the U.S. Army and Foreign Service, Gerald McLoughlin and Clarence J. Bouchat. McLoughlin is identified as “a retired U.S. Foreign Service Officer with extensive service in sub-Saharan Africa. "

SOURCE :

http://www.punchng.com/columnists/punchwise/us-army-why-nigeria-is-so-important-to-the-us/


.

O.I.L

agaugust:

Poaching is not really SANDF area of responsibility and merely do it to reinforce security, infact SANDF hunt human poachers like BH. Ever since their final takeover, the rate of decimation has diminished beyond expectation.

agaugust: oga, i dont know what to call this @msauza again o ! i have called him a fool tired, so many times, now i don tire, seriously o

You are merely a rat that only come out at night to make noise.

NaijaPikinGidi: After scrambling to back up your University Military Games stupidity I guess you have used all the energy you have to arrive at a face saving find, which of course you weren't aware of and I was unwilling to lead you to!! But then it is nothing compared to the Nigerian National Youth Service Corps in quantity, quality, ruggedness and nature of military training for civilian life anywhere on planet earth! I am glad that your Year 2010 initiative was inspired by Nigeria and other countries with solid youth paramilitary training schemes! Your URTP Charter states clearly:



Unfortunately, it is a small and selective programme that fails to provide the rapid numbers that are required for national war emergencies! The Nigerian Defence Academy alone produces active personnel several times the number of your so called URTP freelance reservists! At least the matter has now been dealt with in a way that has forced ignorant MsauZA to challenge his empty brain to do some research ... University Miltary Games? Indeed!!

I found some proof of MsauZA's University Military Games here:
http://www.flickr.com/photos/witsalumni/sets/72157622388642469/detail/.

[img]http://3d-pictures.feedio.net/omg-hilarious-pillow-fight/3.bp..com*-fMmdUGTir3k*TfZG2m_Ly-I*AAAAAAAAL10*B6HhZin5pY4*s640*pillow+fight.png[/img]

[img]http://3d-pictures.feedio.net/pillow-fight-at-wits-university/joburg-archive.co.za*images*sep*pillow1.jpg[/img]

Wrong! Everytime you brought upon this issue, I was willingly ignoring you because I was busy concentrating on something else, other than what you wanted me to do.

Here under is the site where you can join University Reserve Training Programme (URTP)

http://www.rfdiv.mil.za/

I hope that noise of Naijapigoon is over.

2smooth2shout: errr... Sorry boss, we call all this child's play extracurricular activities in our schools. The real para military orientation and training happens after university and trust me you won't last one week in that camp.

Am surprised your over hyped schools never taught you that those playground activities you mentioned are termed as extracurricular activities. Na wa o

We also do the most serious one called university reserves training programme

http://itweb.co.za/mobilesite/defenceweb/home/item_id-31110/