₦airaland Forum

Bwilliam:
China sprung a debt trap on Venezuela and that's why Venezuela had to pay them with oil.
Trump has now seized Venezuela oil resources, and now the dragon has turned its sights on Nigeria.

Nigeria's situation is different from Venezuela as their's was strictly loan for oil deal.

Bwilliam:
China sprung a debt trap on Venezuela and that's why Venezuela had to pay them with oil.
Trump has now seized Venezuela oil resources, and now the dragon has turned its sights on Nigeria.

Same trap they set for Angola.China is far worse, in Nigeria here just visit the Eastern and northern region and see how Nigeria's resources is being plundered with impunity. Their so called factories all across use Nigerians as slaves.
Our leaders need to do better and shun corruption nobody will prioritise our development for us.

Tgini:
the way Una dey think ehn , when did it become a bad thing to exchange oil from infrastructure, how's that debt . This blind love for the US no be am .

The way una dey think too no be am.
China was colonized by the same people that colonized Nigeria. How is it that they became more developed and are now almost seeking to colonize the country/continent?
If you don't know why it's bad that a country has to resort to exchanging oil for infrastructure, then you shouldn't have quoted me because it's obvious you don't know anything about economics.

Bwilliam:
The way una dey think too no be am.
China was colonized by the same people that colonized Nigeria. How is it that they became more developed and are now almost seeking to colonize the country/continent?
If you don't know why it's bad that a country has to resort to exchanging oil for infrastructure, then you shouldn't have quoted me because it's obvious you don't know anything about economics.

Yet you no nothing about history .China used to be one of the most fundamental centres of worldwide economic system during the 1700s, you had a affluent financial system, a flourishing Ch'ing empire, and a moderately oppressed individuals under them. There was no manner that Europe could compete with them on any financial ground . Yet they did , by holding them at gun point . So no, they never fully colonized China, but mostly because they didn't have to China was already a great empire.They basically held the country/empire at gunpoint and forced them to do everything they wanted.

China and the US buy crude from everywhere. Surprising.