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Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail (7066 Views)

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Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by SUGARCyprian247: 6:27am On Mar 16, 2025
Okay,

When it comes to Ranching

SE will be remembered.

One day is One Day, Power will change hand
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by naptu2(op): 6:30am On Mar 16, 2025
OALandAgents:
Ok. Then the subject title is misleading.
No it's not.

1) President Bola Tinubu went to China last year and one of the things that he did was to sign the deal.

2) The bank set the money aside since January.

https://www.reuters.com/business/autos-transportation/china-development-bank-releases-255-mln-nigeria-rail-project-2025-01-08/

3) But government cannot spend any money or take any loan, or receive any grant that requires counterpart funding without the approval of the National Assembly. The Senate could decide not to approve it, could change things, etc.

4) The Senate has announced that it has approved that China Development Bank will be the financier of the project.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Sholadvem247(f): 6:31am On Mar 16, 2025
That's great
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by DigitB: 6:33am On Mar 16, 2025
When will those senile retards announce financing and building of a nuclear power plant?

A State of emergency should be declared on power generation and supply.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by OALandAgents: 6:44am On Mar 16, 2025
Title should be that: FG announces ... after Senate approval
naptu2:
No it's not.

1) President Bola Tinubu went to China last year and one of the things that he did was to sign the deal.

2) The bank set the money aside since January.

https://www.reuters.com/business/autos-transportation/china-development-bank-releases-255-mln-nigeria-rail-project-2025-01-08/

3) But government cannot spend any money or take any loan, or receive any grant that requires counterpart funding without the approval of the National Assembly. The Senate could decide not to approve it, could change things, etc.

4) The Senate has announced that it has approved that China Development Bank will be the financier of the project.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by emmanuel596(m): 6:48am On Mar 16, 2025
West1side:
But same no catch you for igboland. Imagine not a single state in your regoon can compete with Lubumbasi in the 21st century. Make we never talk about Younde Alexandra Pretoria Lagos Nairobi.
All these stupid animals sees everyone as Igbo as long as they don't agree with them.... probably in your single room sleeping on the floor at the moment
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Pentagon007: 6:50am On Mar 16, 2025
kossyablaze:
sorry bro... Just find better country japa. I just got my Canada PR. Will be a citizen in 2028....japaaaaaaaaaaaaaaaa.

P.S....will be blessing some lucky folks this Easter. Just mention me on easter sunday
Boss congratulations 🎉. Abeg remember me too. I I will mention you on that Easter Sunday
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Yankee101: 7:08am On Mar 16, 2025
Ameachi and Buhari got the funds and began the projects and even took it very far
What happened to the money they collected to cover the entire project?
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by blaise26abj(m): 7:08am On Mar 16, 2025
naptu2:
Daddy D.O🇳🇬 @DOlusegun



https://x.com/DOlusegun/status/1900873597138464984?t=vYLDxfTNA2ZqgOXzr-rJwQ&s=19[/quote]Obasanjo conceived it , awarded and started it, Yar’Adua wanted to cancel it but broke into parts, Jonathan funded it heavily and wanted to use it for campaign, Buhari took the glory for the abuja-Kano rail and started the some of the parts Yardua broke it into , Tinubu is now trying to push his own too.

This is exactly how democracy should work ;as a continuum. If not for corruption and insecurity , the projects would have been finished much earlier
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Thefirmorganics(f): 7:10am On Mar 16, 2025
Selling our country piece by piece to China lol
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by naptu2(op): 7:19am On Mar 16, 2025
OALandAgents:
Title should be that: FG announces ... after Senate approval
Wrong! The FG did not officially announce. It was the Senate that announced. A spokesman of the president simply tweeted about the Senate's announcement.

Go back and read the tweet again.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by nwirinedu(m): 7:21am On Mar 16, 2025
Everything up north, what are our south south governors doing? Absolutely nothing.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by naptu2(op): 7:23am On Mar 16, 2025
nwirinedu:
Everything up north, what are our south south governors doing? Absolutely nothing.
Warri - Itakpe Line is also up north. Wonderful!
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Stayingalive: 7:24am On Mar 16, 2025
blaise26abj:
Obasanjo conceived it , awarded and started it, Yar’Adua wanted to cancel it but broke into parts, Jonathan funded it heavily and wanted to use it for campaign, Buhari took the glory for the abuja-Kano rail and started the some of the parts Yardua broke it into , Tinubu is now trying to push his own too.

This is exactly how democracy should work ;as a continuum. If not for corruption and insecurity , the projects would have been finished much earlier
huh
This is how democracy should workhuh
If we don’t install this train do we have a choice?
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by nwirinedu(m): 7:24am On Mar 16, 2025
naptu2:
Warri - Itakpe Line is also up north. Wonderful!
Not functional.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by naptu2(op): 7:31am On Mar 16, 2025
nwirinedu:
Not functional.
Lie! I have testimony from people that used it in the past few weeks. They had issues with the toilet and generator (and those are being fixed), but it was working.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by TheWitchKing(m): 7:34am On Mar 16, 2025
Are they doing it for free?
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Ewedegubbler: 7:48am On Mar 16, 2025
Asonaijaaso:
It’s striking how narratives are shaped by perception, not by actions. While China is building roads and universities, and Saudi Arabia is extending investment lifelines across the continent, the U.S. is busy cutting health aid, branding nations as “security risks,” and tightening visa policies. Yet some still cling to the myth that the West is Africa’s greatest ally. True friendship shows in investment, respect, and mutual progress—not in sanctions, suspicion, or charity laced with conditions. The world is shifting, and Africa sees clearly now who builds bridges—and who builds barriers.
Move to china or Saudi then. You are not a citizen of USA neither do you pay taxes there and yet you expect them to keep handing you handouts... another freeloading Islamabad
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by persius555(m): 8:00am On Mar 16, 2025
kossyablaze:
sorry bro... Just find better country japa. I just got my Canada PR. Will be a citizen in 2028....japaaaaaaaaaaaaaaaa.

P.S....will be blessing some lucky folks this Easter. Just mention me on easter sunday
Bro, no fotget us for Easter o. Stay blessed
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by persius555(m): 8:00am On Mar 16, 2025
kossyablaze:
sorry bro... Just find better country japa. I just got my Canada PR. Will be a citizen in 2028....japaaaaaaaaaaaaaaaa.

P.S....will be blessing some lucky folks this Easter. Just mention me on easter sunday
Congratulations bro.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Commentor: 8:14am On Mar 16, 2025
Dtribeless:
How much aid does China give to the continent? Have you checked that? With all the anti-west narrative on the continent, should the West keep throwing money down the drain? China is investing to make a return not to show any sort of friendship. China invests more in America than the entire Africa…is that for friendship? America does the same in China, is that also friendship? Africa better wise up and understand there are no friends anywhere. It needs to fix its culture of lies to progress.
Please have the willingness or at least, intelligence to understand what he wrote.

You keep talking about aid, while the contributor is talking about true infrastructural development.

You thinking about being given a fish, whilst China is giving you your hook 🪝 and line, and and nets and baits and showing it you how to do it.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Pelicansteve(m): 8:25am On Mar 16, 2025
Abufo:
Because they have nothing to contribute to Nigeria

Igbos have suffered sha.........every strategic project in the east spends 100 years in the pipeline stage! Nigeria is worthless and useless to Ndigbo !
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Benmsu: 8:34am On Mar 16, 2025
Chinigeria
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by panpan(m): 8:56am On Mar 16, 2025
Is this another loan? huh
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by godofuck231: 9:54am On Mar 16, 2025
Selling out Nigeria in bulk , these men need to be killed ,firing squad
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by jaxxy(m): 10:06am On Mar 16, 2025
triple996:
Wailers will have a hard day cheesy
China will soon own half of Nigeria.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Dtribeless: 11:36am On Mar 16, 2025
Commentor:
Please have the willingness or at least, intelligence to understand what he wrote.

You keep talking about aid, while the contributor is talking about true infrastructural development.

You thinking about being given a fish, whilst China is giving you your hook 🪝 and line, and and nets and baits and showing it you how to do it.
I guess federal contractors are doing government a favor, no? Is the infrastructure free? Have you seen the terms of the loan? You’re part of the culture of deception I referenced in my original post.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Dtribeless: 11:40am On Mar 16, 2025
kabillion:
Down the drain?

Of what use is the billions spent on wars by your so called west. Has the world achieve peace.

Hmmm!
To advance its security interest. The funds spent on war goes to western companies mostly, to pay western salaries and contractors. Are you suggesting they instead hand it to your politicians? Western peace is the West’s responsibility not world peace.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by nwirinedu(m): 11:51am On Mar 16, 2025
naptu2:
Lie! I have testimony from people that used it in the past few weeks. They had issues with the toilet and generator (and those are being fixed), but it was working.
Testimonies from people? Is it a church?
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by naptu2(op): 11:52am On Mar 16, 2025
nwirinedu:
Testimonies from people? Is it a church?
OK, I see that you don't have anything meaningful to contribute.

Bye.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Dtribeless: 11:56am On Mar 16, 2025
Asonaijaaso:
You’re half-right—but only halfway educated on the subject. Yes, China isn’t giving out aid for hugs and friendship, and yes, the West isn’t obligated to burn money. But here’s where your logic collapses: you conflate trade, aid, and diplomacy like they’re the same currency. They’re not.

Let’s break this down:
• China’s annual aid to Africa is around $3–5 billion (not counting infrastructure loans and commercial investments, which are way larger). But they also forgive debts, build hospitals, and cancel interest, which the IMF rarely does.
• The U.S. gives more humanitarian aid, but much of it is tied to conditions, funneled through U.S.-based NGOs, and rarely reaches the intended grassroots. It’s charity with strings, not partnership.
• When you say “China invests more in America than Africa”—congrats, you just described capitalism. But don’t confuse where money goes with why it goes there. Africa is a frontier market, not yet saturated. China sees long-term resource security, soft power, and influence, not just ROI.
• As for “culture of lies”—it’s rich to say that from a global stage where Wall Street sold fake bonds, Big Pharma suppressed data, and politicians lied nations into war. Every region has its demons; Africa is not uniquely dishonest—it’s uniquely scapegoated.
• The West didn’t just throw money away. It used that aid to install allies, influence politics, control trade flows, and protect corporate interests. That’s not generosity—it’s geopolitical chess.
First of, China never forgives debt — they only extend payment period. Please check. If you think China’s loans don’t go to friends only then you are new to geopolitics. China will cancel your loans if you open a Taiwan office. You talk about culture of lies on Wall Street and Big Pharma, then you misunderstand greatly what I intend: the entire Africa is filled with liars not just greedy groups. Africans don’t understand the concept of contracts. For example, no African I know pays their debt on time or honors contracts. No African I know tries to understand the position of the law before wading into matters. The churches, mosques, federal government, police, judges, animists — all filled with liars. No one investigates to find the truth. Now back to wall street and big pharma — if you think those 2 are bad, try the CCP when it comes to bad loans and suppressing information. Those who protested with white paper during Covid went missing. Those who criticize the Chinese government in private chat groups get arrested. Again, the funds China struggles hard to invest in America, is it for friendship or for returns? African pockets are being picked again right in front of our faces, but as liars, we are focused on the last picker. Is it white men that are in our bushes stealing resources? Talking of influence, your loan will get cancelled if you vote again China in the UN.
Re: Senate Announces China Development Bank As New Financier Of Kano-Kaduna Rail by Asonaijaaso: 12:02pm On Mar 16, 2025
Dtribeless:
First of, China never forgives debt — they only extend payment period. Please check. If you think China’s loans don’t go to friends only then you are new to geopolitics. China will cancel your loans if you open a Taiwan office. You talk about culture of lies on Wall Street and Big Pharma, then you misunderstand greatly what I intend: the entire Africa is filled with liars not just greedy groups. Africans don’t understand the concept of contracts. For example, no African I know pays their debt on time or honors contracts. No African I know tries to understand the position of the law before wading into matters. The churches, mosques, federal government, police, judges, animists — all filled with liars. No one investigates to find the truth. Now back to wall street and big pharma — if you think those 2 are bad, try the CCP when it comes to bad loans and suppressing information. Those who protested with white paper during Covid went missing. Those who criticize the Chinese government in private chat groups get arrested. Again, the funds China struggles hard to invest in America, is it for friendship or for returns? African pockets are being picked again right in front of our faces, but as liars, we are focused on the last picker. Is it white men that are in our bushes stealing resources? Talking of influence, your loan will get cancelled if you vote again China in the UN.
China does forgive Debt. Hey its 2025, information is everywhere, dont debate something you dont have the facts on.

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