₦airaland Forum

CSTRR:
I also think the Chinese ambassador is being economical with the truth here.

There are real life examples of China taking over nations.

Nations that are now sovereign in name only.

Go to Zambia, the Chinese run them there thanks to debt trap.
It's basically a Chinese colony in Africa.

Go to Sri lanka, China has taken the port of hambantota because they couldn't pay back.
China owns it for the next 100 years.

Go to Gambia, China has wrecked their beaches by industrial extraction of sand, and overfishing of their waterways.
They have taken over Gambia.

These are a few of the Countries in the China debt trap.

If Nigeria does not pay, China will collect one or way or the other.

The only thing that is stopping from being aggressive is because of the west.

The west is watching.

If China takes over our railways and run the sector for the next 100 years, why exactly should that be a concern to me, given the current status of things today? Would it stop ordinary Nigerians from using the trains?

If China takes over ownership of our airport buildings and run them for the next 100 years, how exactly does that affect me negatively in comparison with the way things are run now under the control of Nigerian govt? Will ordinary Nigerians be forced to sit in cargo compartments of planes? Wouldnt the airports and the trains even be managed better than they're currently run?

The so called sovereignty we keep worrying about, of what value has that sovereignty been to me or to any Nigerian in the last 60 years? PRIDE?

Meanwhile the amount Nigeria currently owes China is even less than $5bn; that amount can easily be repaid by even state governments. So why's there so much uproar about these Chinese loans?

The big question is, who in their right senses borrows money without an intention to repay? Why should Nigeria borrow money with an intention to default on the loan? If we can't repay, CHina should hijack whatever they want to hijack; nonsense!

seunny4lif:
Lol
You funny
Guy, the USA has the biggest airforce in the world and the first thing they always do is use a new fighter jet by testing them in Middle East.
If those jets are powerful as you said, the USA airforce will not debate on them to replace A-10, they will just replace them.

Just pray make BH no shot am down else I go quote you

Stop glorifying ignorance please...

seunny4lif:
You don’t even answer my question
Is the USA airforce using it?
All USA bases have it best fighters jets upfront
Any jets the USA is not using as frontline is not good enough
Simple

Someone posted a report stating the US air force is now acquiring these light attack aircraft, yet you still asking if the US uses it?.... Maybe they must have acquired the planes to grind beans right? Meanwhile you even agree the US still actively uses the A-10 Warthogs, a simple google search should have told you theres a debate to replace the A-10s with Tucanos.

By the way, lets even assume the US airforce doesnt use it, does it make the planes useless?... Several posts on this thread already explained how these light planes are far more advantageous than the more sophisticated F16s, 22s, etc in counter insurgency (COIN) operations, which is exactly the peculiar problem Nigeria faces today, but somehow you still just dont get it right? It must be F16s.

Again, do you know those more sophisticated planes you keep insisiting on cost at least 20 times more than these tucanos? Do you know they also cost at least 20 times more to operate and maintain? Does your country have that kind of money or we just have to go for them because US has sophisticated planes? Why's there so much bitterness and negativity in this thread?

harmony75:
he's trying to pass the msg to anyone so it's left for us to act so you enjoy what's going on what have you done are you even speaking up against the bad government!

Oga this has nothing to do with the bad govt; this is just a case of a deranged man acting up against innocent people and you're here endorsing his deranged action because he mentioned 'bad govt'?

If I walk up to you on the road and give you a dirty slap because you're Nigerian and I'm angry with the Nigerian govt, I guess you'd also endorse my actions because the Nigerian govt is bad right?

Are the Nigerian footballers the 'Nigerian govt'? Last time I checked, these sports people represent 'Nigeria' (i.e. you and me), they dont represent the Nigerian govt.

This one is obviously high on some weird substance. So because a govt is bad, it's now the the fault of the Olympic team cos they represent Nigeria? Or he expects athletes to stop being athletes (or Nigerians) because he doesn't approve of the govt?

He even goes to the point of bluntly insulting the athletes, and some people on this thread still dont think he's done any wrong?

Misplaced aggression is pure stupidity, and any one who endorses his action obviously falls in same category.

YorubaKinging:
The end is near

So also we have Been warning the people that you're a false prophet, a very evil man.

If you see what this man do in secret, he's worse than the devil

Inside his private jet, he's always balling drinking alcohol, with the stewardess

But God is against the false prophets and will not be named in the congregation of the saints

Where did you get this info from? Where do people churn up these moronic stories from?

omohayek:
This argument makes absolutely no sense. The only thing Dangote has done "better than others" is bribe and pressure Nigerian leaders from Obasanjo onwards, to ensure no new market entrants can threaten his monopolies, and instead of attempting to refute the facts (which are indisputable), or giving an economic justification, you point to his "smartness" in rigging the market as some sort of indicator of virtue!


This is a blatant falsehood, as profusely documented by too many domestic and foreign observers over the decades.


You claim that the Nigerian govt has been begging investors with "juicy incentives", but fail to mention any of these incentives that are supposedly so "juicy" they would outweigh the fact that the Nigerian government has never allowed petrol prices to be set by the free market. Please provide the list of "juicy" incentives that would get anyone to invest billions of USD in refining products that would then have to be sold below cost. Economic insanity is no "incentive" to anyone who isn't being heavily subsidised at taxpayers expense.


No, it's on you for assuming everyone else is an economic illiterate who can be bamboozled with empty "haters gonna hate" rhetoric in the place of facts and economic reasoning, neither of which you have any to share.

At least you agree there's something he does better than the others; whether it's lobbying the govt or outright bribing. Other participants in the game (his competition) also do exactly the same unethical things he does (i.e. bribe, lobby, manipulate etc.), but somehow he always beats them to it. When I said there's something he does better than the others, I never said the acts were ethical, and neither was I defending his brutal monopoly (if that's what's getting you worked up). I was only acknowledging his undeniable genius in pulling off these heists ahead of his equally unethical competitors.

omohayek:
There's nothing particularly "smart" about always getting the best possible terms from an interventionist government, often at the expense of would-be competitors, and almost always in the form of government subsidies, both hidden and direct. The real issue is the foolishness of all those who defend this paradigm of limitless greed even though they aren't even being paid to do so.

When a person repeatedly wins a price which everyone covets, I'm sorry it's not by chance; there's definitely something hes doing better than others... In every competition in life, all participant wants to win, but not everyone can. It's unfortunate if you cant see the role of 'smartness' in those who somehow win against the odds, irrespective of who the umpire is.

Those incentives offered by the govt are usually open to all. Since the days of OBJ, the Nigerian govt has been begging investors with juicy incentives to come build refineries, but everyone's been shying away from it, preferring to just import and make quick safe profits. With Dangote diving in and now about to enjoy the juicy benefits, you're hating on him and saying he isnt smart? Was he the one who stopped others (including successive administrations) from building refineries?

It's a pity you actually think I'm foolish (or defending a monopoly) for stating an obvious fact; the joke is on you bro.

Basicend:
Dangote has always enjoyed monopolistic market and that's is because he knows the keys to the government.

He is not a genius per say but a government manipulator.

If I have such privileges , I will be equally successful.

I beg to differ; Dangote is an extremely smart genius; that explains why he always wins whilst everyone else queues behind him to lament....

The backward integration policy which is about to make Dangote the sole importer of petroleum products has been in existence since 2005. The backward integration policy states that once there's substantial local production capacity, import licences will be renewed for only players who have established local production (or refining) plants. The idea is to encourage big players to set up local production plants instead of relying on import import and import.

The big question now is, why does everyone always wait for Dangote to be the first to take advantage of these policies, only to return and start lamenting Dangote's success? This policy has been there since 2005; govt has been begging big oil players to take licenses and build refineries, but instead, everyone else chose easy profits through importation. Now Dangote os about stealing the entire market share by merely being the 'smartest', we already have fellows lamenting.

Using ones influence to get a telecommunications company to plant a mast in a community that struggles with network, that definitely can be counted as an achievement for the project influencer. I'm however not sure of the tape cutting part though...

mrvitalis:
LMAO which can lame excuse he this one

First of all, what I said wasnt an 'excuse', rather it was an answer to your question..... Secondly, there's nothing lame about what I said; too bad you cant fathom it. Most Profs have PhDs, but that doesn't mean you MUST have a PhD before becoming a Prof. Several folks already mentioned that in this thread. Even Prof Soyinka I think only has honorary doctorates.

All over the world, there's no law saying you must have a PhD before being a Prof; of course Nigeria also operated with this system back in the days when PYO and co became Profs. Those stringent rules on PhDs, 10 years teaching experience etc are more recent developments imposed by the 'Nigerian System'; the same Nigerian retrogressive system that makes it next to impossible to even get a PhD in 3 years in Nigerian institutions.,

mrvitalis:
Osibanjo became a professor without any known accepted PhD certificate from any accredited school in the world

And wasn't a full time lecturer for at least 10 years that's required so how did he become a professor of law

I need someone to explain

He became a professor cos he's a genuis.

gidgiddy:
Oh I see. Kanu and Uwazurike started Radio Biafra way back in London in 2009, but they decided to wait for 6 years for APC to be formed, and for Buhari to be elected, before they start broadcasting?

They way some people reason is incredible

Kanu was the head of IPOB and was already calling for Biafra as early as 2013/2014 when PDP was still fully in power. You can't really judge him based on PDP vs. APC politics; he's been very consistent in his beliefs. The only thing one can say however is that 99% of his die-hard followers today, only started following him after PDP lost out in 2015.

thebosstrevor1:
Below is a video of the imprisoned Ipob terrorist leader Nnamdi kanu fighting for one Nigeria during the Goodluck Jonathan PDP presidency. . He was peaceful and nice....until APC came to power, i think he wanted to make a name by all means possible which made made him go crazy and radicalised.

Nnamdi kanu was the organising committee member that organised protesters in the Uk against the killings in the north by boko haram, during that period he wanted a peaceful and one Nigeria.

This is one of Nnamdi kanu videos and protest fighting for one Nigeria in 2012.


https://www.youtube.com/watch?v=z_-e20VWNKU&feature=youtu.be

Jack Obinyan-Buhari wrote:

#IPOB #MASSOB #BDA
IN 2012 IT WAS "NIGERIA" AND NOT A "ZOO"
Nnamdi Kanu was ALL FOR NIGERIA in 2012 (off course with his Southern brother Jonathan in power) he was one of those who led protests AGAINST BOKO HARAM to the Nigerian Embasy in London in February 2012...In short let me just quote him.

"My name is Nnamdi Kanu and the reason why we are here today, is to protest the killing of innocent women and children and men for that matter all over NIGERIA especially in the Northern Part of Nigeria"
We are not happy, we are not pleased with what is happening and that is why we are here today, as you can see there are a lot of Nigerians who are protesting about the killing of families"

"People who are determined to tear the COUNTRY apart violently and it is not something that we support, it is not something that we will like to see contmue"

...In his defence, he actually changed his united Nigeria stance, fully declared for IPOb and even became the IPOB leader sometime in 2013/2014 (when GEJ was still very much in power). And sadly, there's nothing he said in that video regarding the security situation of Nigeria which has changed for the better even in 2021.

heniford2:
look at the total amount borrowed from China which the said was fixed in railroad and the type of Rail the we bought is that kind of rail standard look at the our International Airport renovation the amount fixed in doing so can even be used to build new one, have (4) four refinery in the country only one is working in a slow motion we have 4 sea port only one is in function, that railway that is not substandard that was commission maintenance towards it is not guarantee is like buy a car which we will end up being dump.

The government borrow should be of greater important stuff we borrow to pay salaries and etc the next government that will take over will still borrow again to find infrastructure and health which the government has forgotten to me the Chinese loan are of no benefit because we borrow to build nonsense can't we have super railways have you travel out before you will curse that stuff China built for us

I'm not sure I understand the direction you're heading to with your comment. At first you said the Chinese built substandard railway, and then you started talking about seaports and 4 non-functional refineries; please can you explain the connection between these things you're saying and Chinese loans? Meanwhile the total funds borrowed from China so far is less than $5bn, are you basically saying this loan is the source of Nigeria's troubles?

Regarding the standard of the rails, the new railways built by CCECC between Abuja and Kaduna, and between Lagos and Ibadan are 'STANDARD GAUGE RAILS' obtainable in any part of the world. They are as modern as any rail can be, and they were built to international modern rail standards. Where did you get this impression that they are substandard? Are you knowledgeable in railway engineering to know this?

heniford2:
the formal government borrowed know this one is doubling it and are borrowing too from the Chinese the Chinese are not giving us sub standard like the once the use and owing to them means the other way round, is very bad very bad.

I'm not sure I understand your point; are you suggesting Chinese construction is substandard? The previous government borrowed from China, and the current government is also borrowing from China. You might even be surprised to know that the last govt actually borrowed more from China than the current admin has borrowed from China.

Like I mentioned before, these Chinese loans still remain the best ever loans to ever happen to Nigeria; the loans come with no draconian conditions (like IMF forcing Nigeria to devalue Naira or increase fuel price etc) and the loan amount is not given to Nigerian govt officials in cash (which means that no kleptomaniac Nigerian official gets to touch or steal the money).

Nigeria currently owes a total of over $80bn, and the Chinese loans makes up less than $5bn of that amount. Have you ever wondered why its only projects from the less than $5bn Chinese loans that are visible (i.e. railways, airport renovation)? What exactly was the other ~$75bn used for (your guess is as good as mine)? You see the reason i say the Chinese loans are the best thing to happen to Nigeria?

heniford2:
so who will pay the debt incurred by dumb government let's be realistic here the next government will want to borrow too solve its problem too making it more hard to pay is there any available way of getting back the money to pay up set by this present government

This current government is paying the debt of the previous govt with almost half of its revenue annually; the current govt is also incurring its own debt for which the next governments will pay the bulk of. But that is not the point I was even trying to make here... The point I tried to make was about the loud noise about Chinese loan! Chinese loan! Chinese loan!

Why is there so much noise about the Chinese loan? The so called Chinese debt isn't even up to $5bn in comparison with all the other debts Nigeria has (which runs into over $80bn); even Lagos state govt alone can pay off the Chinese debt. If for anything, the Chinese loans are the best thing to happen to Nigeria because it's the only loans for which Nigerians can actually see what the money was used for (obviously because China didnt give cash to politicians to steal). My question is, why is there so much attention on the Chinese loans?

tesseract:
Dont mind that clueless BMC up there.

So because I said the Chinese loans aren't a big deal/risk in comparison with other debts, your brain automatically interprets that to mean "I am defending govt and loans"? Oga, not everything is politics; if you can't discern that, then it isn't hard to see who's clueless here.

Macelliot:
Montenegro needed a highway and China offered to build it. But now the country owes a Chinese bank the equivalent of a quarter of its economy — and isn't sure it can afford it.

What's worse: once completed, the road won't lead anywhere.


All European banks rejected Montenegro request for loan, but China offered to help.

Why did China offered to help??

The future of Nigeria is at risk.

Why isn't our media creating awareness

https://www.npr.org/2021/06/28/1010832606/road-deal-with-china-is-blamed-for-catapulting-montenegro-into-historic-debt?

Nigeria is at no serious risk from the Chinese loans; it's beginning to get boring how the media keeps talking about only Chinese loans when indeed the Chinese debt is just a very tiny portion of Nigeria's overal debt. The amount owed to China can easily be repaid in no time, except we get leaders who foolishly and stubbornly refuse to pay.

Not a single mention of the reason behind his action in the report or what really transpired and here we have people already crucifying him.

lambszy:
Good morning guys,

Please, help me to help a friend.

I have tried everything possible within my capacity to help this guy but to no avail.
My friend is 22 and currently in one of the federal polytechnic here in Nigeria. This guy can speak good english well but the problem is he can not read nor write, the only thing he can write down is his name and Reg. No.

Last year, before first semester exam. I noticed that this guy is always avoiding conversation that involves reading or studying. I never saw him read, not even once. We are neighbours and friends.

I just decided to take it upon myself to find out what was wrong as I know, he is a good person but hiding something. So I offered to be helping him with his assignments and handout summary to my amazement the guy find it hard to read what I smartly asked him to. He refused to admit that he can't read, probably he was a shame to admit it, so I let him be.

He, then finally opens up to me about him not been able to read and write. Of course, this was after first semesters exam and I had to perster him before he was able to tell me of his secret. How have you been writing the exam then? I asked, he said "I submit blank paper" when the result came out he had 6 COs (carry overs).

Again, I offered to help. I did all his assignments, encourage him to write something in all his test, He improved on his CA and others except for reading as I told him to at list write some thing down.even if it means coping from someone siting next to him without getting caught, I'm not encouraging exam malpractice but he needed help urgently.

Now here's my major challenge and concern, Since January this year, I have used Queen's Premier, used other English materials, vowel and consonant sound

The only thing he's been able to read are just few two letter words. Thought I was the problem, so I lied to a friend who happens to be a lecturer that the guy needs help, and that he's finding it hard to understand his books. The lecturer agreed to help but later told the guy not to come again as the guy is still not getting any thing.

Please, help.... the guy want to learn but I don't know what exactly could be the problem.

Inputs please, I anticipate your wise advice.
Thanks.

Probably dyslexia... unfortunately in Africa we never diagnose these things; we just settle for calling the child an 'olodo'.

DankemzI:
Has the documents been made public? So all the communities up north that has pipeline will now earn 3% for nothing, while our lands our being polluted down south

Curious to know which communities up north actually have oil pipelines passing through them. The OP obviously mentioned Kano and Jigawa intenrionally to drag nerves (a.k.a sensationalism).

Redefinition of 'host community' to include communities hosting pipelines is a fair move in my opinion; and no, it has absolutely nothing to do with the north cos 99.99% of the additional communities to benefit from this redefinition are still Niger Delta communities. Oil spills and environmental degradation dont only happen at communities were there are oil wells. Indeed the majority of oil spills actually happen along the way where pipelines rupture, usually in other Niger Delta communities that dont seat oil wells.

TonyeBarcanista:
Yesterday the Senate finally passed the "petroleum industry bill" thirteen years after it first graced the National Assembly chambers.

Although several people have been celebrating the action of the Senate as victory for oil producing communities albeit ignorantly, a look into the document passed by the Senate simply shows a democratic coup d' tat against host communities and a pyrrhic victory for indigenous people that suffer from pollution and degradation of their environment due to oil exploration of their communities.

Firstly, the Senate redefined host communities to include areas where petroleum pipelines pass through contrary to logical reasoning. In the original bill of 2008, host communities are oil producing communities and communities that hosts major oil facilities/installations.

The redefinition of host communities by the Senate simply means that a community in Jigawa or Kano state with pipeline running through it will now enjoy same host community status with a community in Akwa Ibom or Bayelsa states whose soil hosts this oil. In other words, communities that do not produce oil will start enjoying benefit accrued to communities that actually produce oil simply because pipeline pass through their territories.

Furthermore, the Senate cut compensation to host communities from 5% that was in the original bill to 3%. How ridiculous can this be? While I have been of the position that the proposed 5% is ridiculous, the Senate further slashed it to a meagre 3%.

In addition the Senate systematically allocated lump sum of the profit from Nigeria National Petroleum Corporation, NNPC, to service Frontier Exploration annually that are located in the north. Meaning, they will enjoy over 30% of NNPC profit annually even when they produce zero oil for now.

It is unfortunate that Nigeria is still in the situation of robbing Abraham to satisfy Ibrahim.

This PIB is nothing but a coup against Ijaw nation and every other oil producing ethnic nationalities in Nigeria. It is pyrrhic to say the least and should be resisted.

Tonye Barcanista

Lol... The bolded bit of your message above is a perfect example of sensationalism... You just had to mention Kano and Jigawa to give the statement some emotional weight Please which communities have oil pipelines in Kano or Jigawa or even the entire north?

Regarding inclusion of pipeline host communities as beneficiaries of the PIB compensation, I hardy see how this redefinition of 'host communities' is a wrong call... and NO, it has nothing to do with the north cos 99.9% of the communities that benefit from this redefinition are also Niger-Delta communities.

The majority of oil spills we've had in the last few decades didnt exactly happen at communities hosting the oil wells; rather they happened along the way at pipeline rupture locations, which are far from the actual oil wells. In your opinion, would it still be a fair deal if the majority of communities suffering environmental degradation from spills are shut out of any compensation simply because they dont have oil wells?

What he's said is actually true; a lot of free VPNs come with malware which may actually expose ones phone to attacks.

Funny how everyone has chosen to be ignorant of this probably cos they heard it from Lai Mohammed.

[quote author=wwwihy post=103036032]Nkonjo borrowed to pay Salaries.....

Ahmed borrowing to finance infrastructures...


Nairaland, make una judge o[/quote]Zainab is also borrowing pay salaries and the govt is doing a desperate job to hide this. But the one that cant be hidden is that Zainab is borrowing to service previously borrowed debts.

If you really think the over N20tr borrowed in the last 6 years have been sunk fully into infrastructure, then you must be a novice. Kindly point out the completed infrastructure that's commensurate with over N20tr borrowed funds?

Last time I checked, all the major projects across the country are being financed with microscopic sums per year; Lagos-Ibadan road, Ore-Sagamu, Abuja-Lokoja, Onitsha-Enugu, East-West road, PH-Enugu road etc., none of these major road projects have individually received actual funding up to N20bn in any single calendar year, and that explains why progress on their construction has been extreeeeemly slow.

Even Lagos-Ibadan rail was built with a loan of less than $2bn (less than N1tr), so what really took up the over N20tr borrowed funds? You really think it was all infrastructure as the govt claims? Except you're alternatively saying the money is being stolen in bulk.

The sycophancy in the north is always taken to stupid levels...

rawtouch:


npf bullet don naked am again

Like seriously, I keep asking this question but never get an answer. Abeg how bullet take dey pull people trouser for Nigeria?... Any time a gunned down suspect is paraded, trouser is always in pulled down position; wetin really dey occur?

Cruseder:
and the old men no wan resign

The fact that Nigerian youths are WAITING for the older guys to resign before they join politics, that's pure evidence that Nigerian youths aren't ready for leadership.

PlayMaker14:
While I commend Enyinnaya Abaribe for showing his support for Kingsley Moghalu, I really don't think Moghalu has that political pedigree to pull off a surprise to rake in One million votes in total.



I am not trying to discourage anyone who have the intentions of voting for this fine young man, but you don't just gain political pedigree by appearing and disappearing at every General elections...

Though I prefer him more than the two-faced snitch called Sowore who's currently roaming the streets of Abuja with accute madness.

And how exactly is he showing face only during general elections? Last I checked, we'restill in 2021 and general elections are in 2 years time. As things stand now, only 2 individuals have declared interest to contest for the presidency; Moghalu and Yahaya Bello.

The only reason people like this cannot be president is because Nigerians unknowingly have an affinity for voting rogues who declare interest 2 months to election. During elections, we somehow find a way to create funny excuses (such as the ones you've given above) why we should stick with the Atikus and Tinubus. Prime examples of excuses we give are:
(1) He cant gather up to 1 million votes, so I'd rather give my 1-vote to an Atiku or Tinubu who have real chances of winning.
(2) He doesnt have political pedigree; meanwhile in the Nigerian sphere, Political Pedigree = Rogue = Thief = Thug = Atikus = Tinubus

Tjjones:
Well there is an iota of true in this,going thru memory lane,d first means of revenues in nigeria were grdnut,cocoa and cotton,b4 discovery of oil,bt my issue is dat y did they abandon their natural resources to rely on oil? Plz tell them 2 stop their raucious noise.

Yes oo, there is truth in the statement. When the government was making money from selling groundnuts and cotton from the north, the same government was exchanging the rubber, palm-oil, cocoa, coal etc from the south for tissue paper used to wipe the asses of colonial masters.

The effrontery of these people is just nauseating. So when groundnut money was being used to develop the south, I wonder what the money from cocoa, palm-oil, rubber, timber etc was being used for.

Lol.. the desperation of these herders in power knows no bounds.