Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,625 members, 7,813,054 topics. Date: Tuesday, 30 April 2024 at 05:49 AM

After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China (3951 Views)

FG To Earn $2bn From New Cash Call Policy / Presidency Reacts To Senate’s Rejection Of Buhari’s Plan To Borrow $30bn / Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal (2) (3) (4)

(1) (2) (Reply) (Go Down)

After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by GworoChewinMaga: 3:56pm On Feb 24, 2016
Obama supported the evil satanic APC for one reason only - stall Nigeria's economic tiers with china.

Part of Obama's demand was for their puppet APC to severe economic ties with China especially in the areas of currency trades

After they were turned back empty handed from the white house, the foolish APC wizards went to the World Bank and IMF and were subsequently turned away.


Now the same Buhari is planning to go cap in hand to borrow a meager $2bn from China!

What a disgrace!

This is coming on the heals of China downgrading Nigeria late last year as a strategic investment destination and in Nigeria's place Kenya emerged as the leading destination for direct Chinese investments .

Recall that in 2014, during the WEF conference held in Abuja, China unveiled a $60bn investment plan for Africa with Nigeria accounting for half of that money.

When Buhari came in he ignored and rescinded all Chinese deals thinking Obama will print more dollars for him.

Now we have a situation where the APC led clueless govt is now seeking to borrow a meager $2bn to fund their scam budget.

PPAngel:


[size=18pt]Buhari Set To Cancel Strategic Chinese Direct Investments In Place Of IMF Loans.[/size]
The concluded WEF held in Abuja in May, 2014 saw China unveil a $42bn investment over the next 10yrs in the African continent with Nigeria expected to gulp the highest share of over $30bn in direct infrastructural investment, energy sector and manufacturing.


With the emergence of the newly appointed Colonial Governor of the Royal Niger Company aka Nigeria, expect to see Buhari cancel outrightly all Chinnese direct investments in preference to western loans from the IMF, World Bank and Paris Club.

Off course, all the newly borrowed money will be diverted with nothing on ground to show for it but debt for the next 40years.

Change Change Change!

DID WE NOT WARN YOU FOOLS?

24 Likes 4 Shares

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by GworoChewinMaga: 3:57pm On Feb 24, 2016
PPAngel:
The WEF summit held in May, 2014 coincided with the climax of the #BBOG Sych OPs campaign of culmanny.

China was not deterred by all the noise and propaganda and insecurity and knew very well what all the rubish was about.

China went ahead to announce on the 3rd day of the summit the highest direct investment this country has ever recorded.


The Political and Economic hitmen got you all fooled.

1 Like

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by Excelsior12(f): 3:58pm On Feb 24, 2016
really?
Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by 9jatriot(m): 4:04pm On Feb 24, 2016
Una don commot for devaluation una don enter loan. Are you not even ashamed that you are saying that a man refused to indebt you to the tone of $30b for only $2?

In case you don't understand, are you not ashamed that we have to borrow in the first place from China, yet you are angry we are not borrowing more that is necessary because your hero is used to borrowing and squandering. This level of stupidity must be really hard work to sustain.

27 Likes 3 Shares

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by kendo24(m): 4:04pm On Feb 24, 2016
Thats wat u get wen a gworo chewing imbecilic cattle strafing dullard of daura is ur President

7 Likes 2 Shares

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by GworoChewinMaga: 4:12pm On Feb 24, 2016
9jatriot:
Una don commot for devaluation una don enter loan. Are you not even ashamed that you are saying that a man refused to indebt you to the tone of $30b for only $2?

In case you don't understand, are you not ashamed that we have to borrow in the first place from China, yet you are angry we are not borrowing more that is necessary because your hero is used to borrowing and squandering. This level of stupidity must be really hard work to sustain.

Do you understand the difference between direct investment package and a loan package?

The Chinese were set to start BOT operations in Nigeria concentrating on infrastructure like ports , roads, rails and airports which they would fund and operate without costing your boko govt a dime.

The expansion work at the Nnamdi Axikiwe Airport is an example of this type of agreement

Bit trust lazy corrupt abok1 who wants to collect cash and stash away without doing a single thing

23 Likes 2 Shares

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by GworoChewinMaga: 4:15pm On Feb 24, 2016
9jatriot:
Una don commot for devaluation una don enter loan. Are you not even ashamed that you are saying that a man refused to indebt you to the tone of $30b for only $2?

In case you don't understand, are you not ashamed that we have to borrow in the first place from China, yet you are angry we are not borrowing more that is necessary because your hero is used to borrowing and squandering. This level of stupidity must be really hard work to sustain.

Do you understand the difference between direct investment package and a loan package?

The Chinese were set to start BOT operations in Nigeria concentrating on infrastructure like ports , roads, rails and airports which they would fund and operate without costing your boko govt a dime.

The expansion work at the Nnamdi Axikiwe Airport is an example of this type of agreement

but trust lazy corrupt abok1 who wants to collect cash and stash away without doing a single thing

7 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by HiddenShadow: 4:26pm On Feb 24, 2016
GworoChewinMaga:


Do you understand the difference between direct investment package and a loan package?

The Chinese were set to start BOT operations in Nigeria concentrating on infrastructure like ports , roads, rails and airports which they would fund and operate without costing your boko govt a dime.

The expansion work at the Nnamdi Axikiwe Airport is an example of this type of agreement

but trust lazy corrupt abok1 who wants to collect cash and stash away without doing a single thing

Don't mind the illiterate.
US has succeeded in denying us the opportunity to get the best from both worlds

12 Likes 2 Shares

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by KINGwax007(m): 4:55pm On Feb 24, 2016
post a link to prove that the phantom $60billion deal existed in the first place.

one thing I knw, JONADAFFT was in China, with his fat wife, to eat with the president of China. we saw the pics, we knew what he went for...it was a loan for the rail project.

and we saw the outcome:

repainted locomotive trains!!!!

8 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by LRNZH(m): 5:01pm On Feb 24, 2016
OP,

Why don't you share the terms of the $30B and $2B loans with us before criticising Baba?

All things being equal, is it not better to collect the money in phases? Abi you want those budget rats to see money berekete?

Please, let us manage our debts sensibly. Baba is right on this one until you can show us the details of both loans.

6 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by Justiyke4u: 5:05pm On Feb 24, 2016
The earlier we learn to pray for our leaders and our country the better for us living the country

3 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by maslong(m): 5:17pm On Feb 24, 2016
Justiyke4u:
The earlier we learn to pray for our leaders and our country the better for us living the country
hypooo
how many times did you pray for the past leaders

6 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by Nobody: 5:18pm On Feb 24, 2016
So after all these rants, there is no single source to your claims. Reputable source

2 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by DOUBLEWAHALA: 5:21pm On Feb 24, 2016
Y do dey call him DULLARD?

3 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by maslong(m): 5:22pm On Feb 24, 2016
IyaIode:
So after all these rants, there is no single source to your claims. Reputable source
Iyaolodo

4 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by VANHELLSING: 5:29pm On Feb 24, 2016
Bruhari is a gigantic FOOOOL

4 Likes 1 Share

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by Justiyke4u: 5:36pm On Feb 24, 2016
maslong:

hypooo
how many times did you pray for the past leaders
please sir, I will really appreciate it if you just read my comment and skip or better still skip the comment without reading it to avoid the temptation of displaying your ill mannered attitude in the public na beg I dey beg you no be insult you hear?

2 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by VANHELLSING: 5:43pm On Feb 24, 2016
9jatriot:
Una don commot for devaluation una don enter loan. Are you not even ashamed that you are saying that a man refused to indebt you to the tone of $30b for only $2?

In case you don't understand, are you not ashamed that we have to borrow in the first place from China, yet you are angry we are not borrowing more that is necessary because your hero is used to borrowing and squandering. This level of stupidity must be really hard work to sustain.
Comprehension is ur biggest challenge, my advice, pick up some primary six text book on comprehension, it will do u a lot of good and save u some embarrassment or better still, look for an interpreter (as a typical ijebu man that u are) to interpret it in yoruba for ur understanding.

5 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by Achuwa1(m): 6:00pm On Feb 24, 2016
Pmb need to pay back all loans used for his campaign promoses to bring him into power..
so even if he gets $2m atleast some part of the debt will be relieved off him..
. Didnt u observe tht Tinubu doesnt talk to him any longer until after he after he appointed Abike dabiri,ben akabueze & ogunlesi,,,all are tinubu puppets..
He did tht to cool tinubu anger,but a debtor is always a debtor & must pay for his debt.,,
apc is using Nigeria as a conduit pipe

7 Likes 1 Share

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by KanwuliaExtra: 6:05pm On Feb 24, 2016
After looting within Nigeria. . . the LOOTING extends to CHINA!

Freezing foreign exchange dept . . . NOR WORK! embarassed
EFCC recovery. . . NOR WORK! embarassed
Job creation. . . .NOR WORK! embarassed


The begging continues!!!!
Look at this SOCIO-ECONOMIC ALMAJIRI? cheesy


[size=20pt]DID CHINA BEG ANY COUNTRY FOR MONEY TO BE THE #1 ECONOMY IN THE WORLD TODAY?[/size]

Useless president. . . .USELESS COUNTRY!!! cry

6 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by banki(m): 6:34pm On Feb 24, 2016
Achuwa1:
Pmb need to pay back all loans used for his campaign promoses to bring him into power..
so even if he gets $2m atleast some part of the debt will be relieved off him..
. Didnt u observe tht Tinubu doesnt talk to him any longer until after he after he appointed Abike dabiri,ben akabueze & ogunlesi,,,all are tinubu puppets..
He did tht to cool tinubu anger,but a debtor is always a debtor & must pay for his debt.,,
apc is using Nigeria as a conduit pipe

This defeat seems to bw paining you

3 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by lomprico(m): 6:39pm On Feb 24, 2016
Justiyke4u:
The earlier we learn to pray for our leaders and our country the better for us living the country
Hope u know I can pray for u to lose both legs??
My point; prayer is not always positive.

1 Like

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by Justiyke4u: 7:02pm On Feb 24, 2016
lomprico:

Hope u know I can pray for u to lose both legs??
My point; prayer is not always positive.
am talking of positive prayer for the good of the nation

1 Like

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by 9jatriot(m): 8:07pm On Feb 24, 2016
For someone who made this statement earlier, I am not surprise at your outburst. I stand by what I said earlier, the devaluation outcry has failed, next straw is loan that you do not know the terms of.
I will reassure you guys, whetter una like it or like it now, NIgeria will get better, the worse you would do is wail as things improve to your disgust. The end game is that you will head to Somalia where folks of your type reside.

VANHELLSING:
Uba is a very foolish igbo man to even contemplate helping this useless apc government let by presidiot buhari. No sensible igbo man would want the useless jihadist and his Islamic government to succeed, let alone helping or profering solution to them.

VANHELLSING:

Comprehension is ur biggest challenge, my advice, pick up some primary six text book on comprehension, it will do u a lot of good and save u some embarrassment or better still, look for an interpreter (as a typical ijebu man that u are) to interpret it in yoruba for ur understanding.

1 Like

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by 9jatriot(m): 8:17pm On Feb 24, 2016
Kindly forward the mail where this earlier agreement was made and a link where a refusal was made. Nigeria will be great whether you and your cohorts accept that or not. Direct investments with no terms and conditions, na wa.

GworoChewinMaga:


Do you understand the difference between direct investment package and a loan package?

The Chinese were set to start BOT operations in Nigeria concentrating on infrastructure like ports , roads, rails and airports which they would fund and operate without costing your boko govt a dime.

The expansion work at the Nnamdi Axikiwe Airport is an example of this type of agreement

Bit trust lazy corrupt abok1 who wants to collect cash and stash away without doing a single thing

3 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by Elosky20: 8:20pm On Feb 24, 2016
GworoChewinMaga:
Obama supported the evil satanic APC for one reason only - stall Nigeria's economic tiers with china.
Part of Obama's demand was for their puppet APC to severe economic ties with China especially in the areas of currency trades
After they were turned back empty handed from the white house, the foolish APC wizards went to the World Bank and IMF and were subsequently turned away.
Now the same Buhari is planning to go cap in hand to borrow a meager $2bn from China!
What a disgrace!
This is coming on the heals of China downgrading Nigeria late last year as a strategic investment destination and in Nigeria's place Kenya emerged as the leading destination for direct Chinese investments .
Recall that in 2014, during the WEF conference held in Abuja, China unveiled a $60bn investment plan for Africa with Nigeria accounting for half of that money.
When Buhari came in he ignored and rescinded all Chinese deals thinking Obama will print more dollars for him.
Now we have a situation where the APC led clueless govt is now seeking to borrow a meager $2bn to fund their scam budget.
DID WE NOT WARN YOU FOOLS?
my question is where, when and how did buhari cancel the chinese investment project. pls can u provide a link to ur claim?. or are u just witch-hunting buhari administration.
PDP propaganda everywhere.

3 Likes 1 Share

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by mrmetoo1: 8:33pm On Feb 24, 2016
So Buhari came and canceled Chinese investments. Does this even make sense? Seriously?? No proof of your nonsensical statement, people just talk nowadays

3 Likes

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by tuniski: 8:53pm On Feb 24, 2016
The appreciation in naira shouldn't be over celebrated cos it might just be a bubble!

We need a clear economic direction not this cut and join trial and error we are having!
So far the govt is a joke!

4 Likes 1 Share

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by talktimi(m): 9:30pm On Feb 24, 2016
9jatriot:
[s]Una don commot for devaluation una don enter loan. Are you not even ashamed that you are saying that a man refused to indebt you to the tone of $30b for only $2?

In case you don't understand, are you not ashamed that we have to borrow in the first place from China, yet you are angry we are not borrowing more that is necessary because your hero is used to borrowing and squandering. This level of stupidity must be really hard work to sustain[/s].
honestly you should have just shut your trap o, there's a difference between direct investments and loans

4 Likes 2 Shares

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by 9jatriot(m): 9:57pm On Feb 24, 2016
Enlighten me, are the direct investments free and without terms and conditions and forms of payment??
talktimi:
honestly you should have just shut your trap o, there's a difference between direct investments and loans
Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by GworoChewinMaga: 6:50am On Feb 25, 2016
9jatriot:
Enlighten me, are the direct investments free and without terms and conditions and forms of payment??


Direct investments involve tax holidays, reparation of forex earnings from the venture, import waivers, etc


If you don't know then next time either do a reserch on your own before commenting or shut up

1 Like 1 Share

Re: After Rubbishing $30bn Deal With China Buhari Goes Begging For $2bn From China by GworoChewinMaga: 6:51am On Feb 25, 2016
PPAngel:
The outgoing administration was committed to increasing China investment in Nigeria.

In 2011, Nigeria ranked a distant 3rd in trade and investment with China.



South Africa topped the list followed closely by Angola.

Speaking of Angola, this was a country that fought a brutal long drawn civil war over her mineral resources because the country was pro communist. The US with the aid of CIA operatives and asserts ensured that Angola slid into civil war than have the Soviets make any in roads into Africa's largest oil reserve nation.


This is why till this day the Angolan people never trust the US.

(1) (2) (Reply)

PROPOSED BUHARI'S IMPEACHMENT: An Exercise In Futility / PMB Is Back But Will Depart To London On 15th September. / PDP, Atiku Talking Balderdash, Reading From Its Old Book – APC

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 58
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.