₦airaland Forum

Kingspin:
I leave
After 8 of Buhari you will still come here to repeat that one transformer is built in one village, or no road, hospital etc. The same problem.

I leave you with these.

FLESHnBLOOD:
Y always China? Y can't we engage other countries?

plaindealer:
Looking like London all in less than 3 years, fasted railway construction in the history of Nigeria from start to finish.

Sad to know that the PDP from OBJ to Yaradua and GEJ, they all left this project dead and decayed on the drawing board for 13 years, but PMB started and completed the project in 3 years.


God bless PMB.

Rossiminku:
.
.
China’s CCECC secures $3.02 billion Nigerian Eastern Railway contract

RailwayTechnology.Com

29 Apr 2021


https://www.railway-technology.com/news/ccecc-nigerian-eastern-railway-contract/

xelly:
misleading title. Eastern Railway Track moving from PH - Maiduguri. I thought Eastern States are Enugu, Anambra, Imo, Ebonyi? I don't know again ooo.

Rossiminku:
Every nation on earth is doing business with China including the USA, her biggest debtor.

Vaughanlanrewaj:
God bless President Muhammadu Buhari the Patriot. God bless Nigeria.
The best form of revenge is massive success. PMB is showing them his revenge for all the hatred and bigotry against him. This project starts from the area the IPOB terrorists are burning, killing patriotic citizens and end where the Boko Haram terrorists are killing innocent hardworking citizens.

Ferdinandu:
Others are doing it as a little bit of support system for their own indigenous technology but But Nigeria is doing business with China as our Own backbone, framework, support and backup, Everything . We don't have indigenous technology and the Chinese Master plan is to completely make us 100% dependent on them, you cannot go to a Chinese Technological company or Construction company in Nigeria or China and see a Nigerian Engineer close there talk more of working. Their brain is 100% sourced from China. They only employ barely literate Nigerians for labourer and messenger work. If you see a Nigerian degree holder there it is for admin purpose and one who may likely speak Chinese to help with communication between the Chinese who barely speak English well and Nigerians who even barely speak English well. Our stupid politicians are clueless to that, they are only interested in something to show the ignorant masses that they are working but gradually our generation and the next 10 generations are being mortgaged forever. Countries are developed by developing it's citizens not mortgaging your future with imported technology. Chinese developed through developing their own technology and gradually discarding European and American technologies but they are in a grand plan to prevent you from doing that, so that in the next 100 years you will still be market for their technology

obynzo:
Bros in what way? It is clear that 2021 budget cannot be financed without loans that is different from this loan we are talking about oooo. No one knows about 2022 definitely another loan would be taken already the financial outlook for the country is so bleak that CBN is desperately looking towards diaspora remittances for FX revenue because oil revenue is dwindling the IOCs are divesting and all you can do is launder the image of this government? Oga have a conscience please

Ferdinandu:
Others are doing it as a little bit of support system for their own indigenous technology but But Nigeria is doing business with China as our Own backbone, framework, support and backup, Everything . We don't have indigenous technology and the Chinese Master plan is to completely make us 100% dependent on them, you cannot go to a Chinese Technological company or Construction company in Nigeria or China and see a Nigerian Engineer close there talk more of working. Their brain is 100% sourced from China. They only employ barely literate Nigerians for labourer and messenger work. If you see a Nigerian degree holder there it is for admin purpose and one who may likely speak Chinese to help with communication between the Chinese who barely speak English well and Nigerians who even barely speak English well. Our stupid politicians are clueless to that, they are only interested in something to show the ignorant masses that they are working but gradually our generation and the next 10 generations are being mortgaged forever. Countries are developed by developing it's citizens not mortgaging your future with imported technology. Chinese developed through developing their own technology and gradually discarding European and American technologies but they are in a grand plan to prevent you from doing that, so that in the next 100 years you will still be market for their technology

Ferdinandu:
Others are doing it as a little bit of support system for their own indigenous technology but But Nigeria is doing business with China as our Own backbone, framework, support and backup, Everything . We don't have indigenous technology and the Chinese Master plan is to completely make us 100% dependent on them, you cannot go to a Chinese Technological company or Construction company in Nigeria or China and see a Nigerian Engineer close there talk more of working. Their brain is 100% sourced from China. They only employ barely literate Nigerians for labourer and messenger work. If you see a Nigerian degree holder there it is for admin purpose and one who may likely speak Chinese to help with communication between the Chinese who barely speak English well and Nigerians who even barely speak English well. Our stupid politicians are clueless to that, they are only interested in something to show the ignorant masses that they are working but gradually our generation and the next 10 generations are being mortgaged forever. Countries are developed by developing it's citizens not mortgaging your future with imported technology. Chinese developed through developing their own technology and gradually discarding European and American technologies but they are in a grand plan to prevent you from doing that, so that in the next 100 years you will still be market for their technology

Rossiminku:
This country get money sha.

xelly:
misleading title. Eastern Railway Track moving from PH - Maiduguri. I thought Eastern States are Enugu, Anambra, Imo, Ebonyi? I don't know again ooo.

Kingspin:
You should believe in history and records not Politicians.

Inasmuch, government patronised them, it didn't stop from muscling them too.

ada9ja:
so you know see this one "This eastern railway network, which passes through 12 states, connects several important cities in the eastern region.
"

Rossiminku:
There is no loan to loot.

These infrastructure loans work like this:

- Nigeria seeks a loan from China to build a railway line using a Chinese company.

- The Chinese govt pays 80% of the loan amount to the company, while the Nigerian govt pays the company the 20% balance.

- Nigeria then repays the Chinese govt the 80% loan over a 20 to 25 year period, plus negligible interest.

So no money actually changes hands, in terms of this 3.02 billion dollar contract.

It is a clean deal, that has already been funded by Beijing and Abuja.

It is sure to materialize. 100%.

Next time, try to understand before criticising and condemning.

xelly:
misleading title. Eastern Railway Track moving from PH - Maiduguri. I thought Eastern States are Enugu, Anambra, Imo, Ebonyi? I don't know again ooo.

Rossiminku:
This country get money sha.

topboss:
Other Black countries are angry with us because they know we have too much money.


But Britain, Fulani and Politicians no let us see am.

blacknoir:
That's nice ,I pray that may your life and the life of ur family be the same way buhari rules Nigeria

FLESHnBLOOD:
Y always China? Y can't we engage other countries?

plaindealer:
Which one is the balance again?

What is wrong with you people?

Rossiminku:
There is no loan to loot.

These infrastructure loans work like this:

- Nigeria seeks a loan from China to build a railway line using a Chinese company.

- The Chinese govt pays 80% of the loan amount to the company, while the Nigerian govt pays the company the 20% balance.

- Nigeria then repays the Chinese govt the 80% loan over a 20 to 25 year period, plus negligible interest.

So no money actually changes hands, in terms of this 3.02 billion dollar contract.

It is a clean deal, that has already been funded by Beijing and Abuja.

It is sure to materialize. 100%.

Next time, try to understand before criticising and condemning.

Coolcalmcollect:
Ode we have money and we dey collect loans, people like you are the reason people think we don't have sense