President Muhammadu Buhari has said that his government took loans from China because the Asian country was willing to help Nigeria’s infrastructure.


Buhari said this on Wednesday during an interview with Channels Television while defending his government’s decision to source loans from China.

According to him, anybody that is prepared to come and help Nigeria’s infrastructure to do the roads, rail and power will be welcomed.

Recall that according to data from the Debt Management Office, Nigeria has borrowed $2.02 billion as loans from China from 2015 and the nation’s debt portfolio from China has risen to $3.40bn as of March 31, 2021.


“We take that (loans) where it is necessary. I told you now of something, what it used to be between Lagos and Ibadan alone, not to talk of the rest of the country,” Buhari said.

“But we got the Chinese to help us in the rail and the roads, how can we turn that down? If we had turned that down, maybe between Lagos to Ibadan, you will have to walk.

Source: https://dailypost.ng/Real-reason-Nigerian-govt-took-Chinese-loans-Buhari

Money borrowed from China,for China and to China.

The Chinese will borrow you money, contract awarded to their company, they bring in their workers.

Criminals colluding with Nigerian officials to embezzle the loan.

The real reason you were willing to accept those ridiculous loans is because you know you're not the one that will be responsible for their repayment.

But we got the Chinese to help us in the rail and the roads, how can we turn that down? If we had turned that down, maybe between Lagos to Ibadan, you will have to walk.

Lol. Like we were walking from Lagos to Ibadan before you came into power?

Economically speaking..any country dat is not proactive.must react.

thesicilian:
The real reason you were willing to accept those ridiculous loans is because you know you're not the one that will be responsible for their repayment.


Lol. Like we were walking from Lagos to Ibadan before you came into power?

I tire o. What is this

lol... China go give African countries loan for infrastructures then send their own engineers to do these jobs, these engineers go con employ the services of local Masons, welders etc force them to call them master, treat them like trash in their own countries and then pay them less than $2 for a day's work when the job is done, them go con go back to China with the bulk of the money plus exotic stones (worth millions) they found while blasting rocks..

Africans and Africa exist for one reason and one reason only, for other countries to take advantage of them (because we are naturally dumb).

We don suffer 1200 years of Arab slavery, 400 years of transatlantic slavery and yet we still never get sense..

And own a wing of MMIA later?
You spent most of it on Niger Republic rail line. What has Niger Republic contributed to the country, economically?

And where are the infrastructures?

well these are the things that made next level interesting, next year we will be heading to final or finish level depending on who they voted for until we get rid of all chronic zombies.we are heading to a stage where if you survive then sense must have you

Zombie, afonjas and grass eaters hope u guys are happy and comfortable in this regime. If u voted for buhari and they economy is affecting u, amadioha go finish your life.
If u voted buhari and u hv turn to begging to survive, sango is waiting to do d needful
If u voted for buhari and u are complaining may d gods of the whole universe wipe you and household, nonsense

Ok

Eleribu don talk

Yes, I believe the President.
Below is the Lagos/Ibadan expressway built with the Chinese loans.

Okay.

5

Road that you'll soon put toll gate

FERNANDEZISBACK:
And where are the infrastructures?

2nd Niger bridge and Lagos - Ibadan express road according to zombies

This man has lost it.

Soon the chinkos will take over nigeria and turn nigerians to their slaves.

Anakogheri

Luckydubby7:

2nd Niger bridge and Lagos - Ibadan express road according to zombies

Yes o o.
..and Lagos- Ibadan rail line and Kaduna-Kano highway.

Meanwhile, this projects are actually 'not' in existence.

Point of correction YOU BORROWED MONEY FROM CHINA

A

Borrowing from China is not wrong, it's the wise thing to do, hope to be alive when People's republic of Nigeria come realization