₦airaland Forum

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:
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.

Tochi3:
This is how you fool your partners in zombeism because money is not changing hands. How do you know? Because the chinese and nigerian gjovernment said so? Time will tell

The question is how do you repay the 80% and pay for the 20% loan.
The pervasive corruption and looting in this regime will make it impossible to repay any loan.

How much revenue does nigeria make in order to repay? or you want to repay the loan with the already looted revenue that will be generated when it becomes functional?

Who will repay that loan? Because money is not changing hands does not mean that this corrupt regime will not loot the associate benefits in terms of the revenue generated therewithin .

Your over the 20-25yrs span makes me really laugh. Everything will be looted within this time if the country is still one and then Nigeria will be in a long term debt burden with china.

Whether it is Pdp or Apc i dont' really care because we know nigeria like the back our hands.

Get ready for the debt burden with china with generations yet unborn and surely before that time the railways are already in a comatose situation.

You are a supporter of your darling daddy , was not expecting anything less.

plaindealer:
This is a government-to-government transaction, no middlemen, no looting, no PDP looting and stealing gangs like when OBJ first awarded the contract in 2006, neer started the project and left abandoned and decay on the drawing board, same with Lagos Ibadan railway, OBJ awarded the contract in 2006 and did the same PDP thing, abandoned the project on the drawing board, warri Itakpe also was left for dead for 30 years.


...but who is starting and completing these projects in record time?

PMB, the man in the picture below. This apc vs pdp man.

shezy14:
Person talk say him luv PMB u con dey cry, na by force to hate person ni? na that hatred go kill u stupid fellow.

Rossiminku:
It is called the Eastern corridor because it starts from PH and passes through Aba, Enugu, Onitsha, Middle Belt all the way up to Maiduguri.

The western corridor starts from Lagos through Abeokuta, Ibadan, Benin, all the way up to Kano.

Then there is the East-West Coastal Line coming up that connects Lagos to PH, Calabar, Onitsha, Enugu, Owerri, Umuahia etc.

It's a fully comprehensive high-speed network that is being set up.

The Nigerian railway system will be the pride of Africa when it's fully completed.

NRC Train, Lagos-Ibadan.
https://pbs.twimg.com/media/EVED970UcAAiY_s.jpg

00FFT00:
Shut up.

Why do you idiots come on here and talk nonsense as if you are, speaking to little children. Morocco, a north African country have a well developed electric high speed train system with speeds of up to 320 km/h to boot and built by French engineers, and you are here mouthing off on a Nigeria - Chinese fraud.

You ignorant idiots make me sick.

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

damienwayne:
Ahahahaha... Zomboid... Keep deceiving yourself with your alternate Rosiminku... Where’s the proof the rail lines have started working Smh

goody234:
This is all borrowed money 10% of which is for bribes ...your generations will be paying it back for years ....And nigeria has a very bad maintenance culture so this will be abandoned when the maintenance costs start mounting ...
This govt is clueless

Rossiminku:
You need help.

Seriously.

The real surprise is that you're able to wake up in the morning and do anything at all, with this mindset.

Praxis758:
The US you mentioned do not give its sensitively key infrastructure to foreigners to handle.

Moreso, the indebtedness of the US to china is purely production which is boosting its local economy while ours is consumption that's killing our posterity and potentials.

Can you please try not to show your lack of knowledge which actually makes you look stupid... Do your research before responding to issues

Rossiminku:
So when are you packing your bags and baggages to Morocco?
Morocco has the fastest rail lines in Africa.

Must Nigeria be Number 1 in everything, faIling which it is all a fraud?

Doing a 'Morocco' and going for a French contract would have cost 8 to 9 billion dollars for the Eastern line.

We have more commitments and challenges as a nation than Morocco.

We cannot afford to spend that kinda money on one line.

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.

Rossiminku:
Kudos must go to the OBJ/Yar'adua/Jonathan administrations for conceiving, and implementing part of, the National Railway Masterplan, which will connect every single state capital of Nigeria by high-speed rail, although the Buhari administration has taken the plan and absolutely ran with it, in terms of implementation.

A very big well done to the FG on the progress being made in these projects.

Vaughanlanrewaj:
Good morning sir. In life, it's what you focus on that expands. You raised the size of loan issue as if that's the problem we have but that is not it. The main problem we have with these loans is temporary because of covid-19 and it's in not in terms of debt to GDP ratio but revenue to debt servicing ratio.

Now we can choose to do nothing and focus on this temporary problem but we can also focus on raising revenue through increased aggregate economic output through economic development. There are only 2 ways to achieve economic development, infrastructure and human capacity development. This kind of massive projects can raise economic output massively and generate inflows that can pay back the loan which are taken at low interest.

The alternative is do nothing or borrow from local banks at incredibly high interest rates. One thing you forget is that these creditors know we are credit worthy( most of the countries in the world can't attract this kind of FDI inflow in a chunk), these fx inflows are massive FDI and actually investments and it supplies fresh fx without depleting our Savings.

There is also the opportunity for technology transfer as currently taking place with our youths studying at their transport universities and we will combine their technology with ours especially over medium and long term horizon.

We are perfectly on track with these economic decisions and I want us all to see the brighter future that awaits our nation, pray for the success of these projects too. We need those Fx and this kind of massive project.visit www.freestuffsng.com for latest freestuffs in Nigeria. God bless Nigeria

Rossiminku:
It is called the Eastern corridor because it starts from PH and passes through Aba, Enugu, Onitsha, Middle Belt all the way up to Maiduguri.

The western corridor starts from Lagos through Abeokuta, Ibadan, Benin, all the way up to Kano.

Then there is the East-West Coastal Line coming up that connects Lagos to PH, Calabar, Onitsha, Enugu, Owerri, Umuahia etc.

It's a fully comprehensive high-speed network that is being set up.

The Nigerian railway system will be the pride of Africa when it's fully completed.

NRC Train, Lagos-Ibadan.
https://pbs.twimg.com/media/EVED970UcAAiY_s.jpg

obynzo:
Bros i have worked with the Chinese and if there is one thing you need to know. They would never do technology transfer to you at all if you believe that then you are seriously in Lala land. Studying in transport university in China is no big deal. It is the everyday Transportation Engineering they would still teach you that is the same with what will be given in MIT or Stanford University.
The issue is there is no on the job knowledge transfer. If you go to the current Lagos Light rail. The Nigerians that are there are not even in the planning and design they are just on site to just carry out instructions. No nigerian knows the appropriate concrete mix formula that they are using to get the right strength for the bridge designs. I would give you another example i worked many years ago with one of the GSM telcos in Nigeria Huawei would supply you server and BTC equipment, but the manuals are in Chinese just to ensure no knowledge transfer at all. Whereas with Ericsson and Alcatel it was different.

On the issue of loans especially country loans. Look in the past Nigeria was seen as credit worthy in the eyes of the paris club because oil was in high demand. China giving you loans is not because they see you as credit worthy, it is because they have a future desire with belt and new silk road initiative, if you default on loans use for any of the assets they would simply administer it until the loans are recovered. Why is it that the Late Tanzanian Head of state cancelled the loan from China because the terms were just BS. We are slowly but surely entering a debt trap and we are hailing our leaders rather than ask questions. It is after 2023 that we would realise the BS we have done ourselves when we will be using 50% of our budgetary allocations for debt servicing. Already Buhari knows that this borrowing will surely backfire that is why he is asking for debt relief.

jerseyboy:
One Nigeria Lie

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

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.

Vaughanlanrewaj:
You are making too much assumption and it appears there's no point giving you more details to stop the conspiracies you are bringing up. The monies are real money and What will be built will be real projects to be used by real people for real products and services. The Chinese won't drive the train and the mechanics will not all come from China. The best option if I get you is to do nothing sir and I hear you. Right now, after paying salaries, we have little or nothing left so in reality, to build and fund infrastructure of this magnitude you need to borrow and if you get to borrow at low interest, it makes perfect sense than to do nothing. These projects will create wealth and real jobs, forget the conspiracies sir.

Rossiminku:
Yawn

Rossiminku:
Baseless and false assertions.

Nigerian engineers are sent on courses to China in all of these projects, where they learn the operations. Do the research before jumping to negative conclusions.

Topmaike007:
oga create your own technology and employ Nigerians, nobody is holding you down. Paystack, Flutterwave, Andela, Rok studio and udux are all Nigerians and Nigerians are all working for them.

Drop the hatred and thrive. May God help us all.

Shalom

plaindealer:
This is nothing but your own opinion diluted with misguided and flawed conspiracy theories.

There's no difference between a Dutch, India, Garman or Korean company building this railway , they all have their own technology, even America so what's the difference? Or you just gave personal issues with China? ...

....and the last time I checked, railways all over the world are financed by banks, bonds and all manner of financial instruments so why should Nigeria be different? Are we special or is it because we are from the Moon?


Too much ramblings but no serious substance.

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.

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