Well propaganda and lots of fake news in circulation lately so fayose just waste money and time go China come disgrace himself onto
Shoo
See what hate can cause

So what the Bleep were they doing there?Confused Government.
Or is it the fear of Fayose? or yes I remember, they went for a "tour in China".
Issorit

Gentle2015:


Definitely you don't know what you are saying. What has been hotcake on the media few days back is the signing of a Chinese loan by the president.

Now the presidency is debunking it and yet you are trying to cover it.

Now, let me politely ask you. Was any loan signed?

I know u are not an illiterate and can read well. So read the full story before commenting dumbly, thanks!

Pls can anyone show me the link where the president made it clear that he was going to China to secure a cash loan,it was the media that started the 2b dollar story,so what is the fuss about? He collect loan wahala,he no collect the same set of pple go wail.

blackpanda:


I know u are not an illiterate and can read well. So read the full story before commenting dumbly, thanks!

Please, kindly clarify between investment and loan.

You are the dumb here. Those companies are purely investors and can pull out in the nearest future.

Are you just dumb or an unadultrated zombie?

Frankiss44:
Lolz.. We are in for some serious shiit in this administration. The confusion is second to none. As in eh, what's really happening? How did these clowns make it to Aso Rock?

So many idiots, few bullets.

So many clowns few bullets lol, men the kind of confusing statements coming out of this government is mega, I don't even know who to believe again. Oh Change oh SMH.

talktonase:
what is wrong with this change government are they confused or what?

lack of reading comprehension is a disease...

Stalwert:
op what stopped you from posting the entire contents of the news article? Which says no loan was taken but investments worth $6b were secured? Dishonesty will send many to hell repent.

****she left the link there for crying out loud..... ****

hopeforcharles:

So many clowns few bullets lol, men the kind of confusing statements coming out of this government is mega, I don't even know who to believe again. Oh Change oh SMH.

My brother I just weak..

I don't envy apc zombies on nairaland.
Defending buhari lies, propaganda ,miss step and gaffe is more heculian than getting the prey off the grip of a lion.

At what cost and interest did the chinese offer you the 6b investment? What is in it for them? Oil, solid minerals, agricultural produce or what? There must be a basis for this investment or is China now father xmas? May be they the Nigerian government offered to give them some of our finest prostitues for a one night stand?

What is in it for china? We deserve to know every detail of what agreement was entered into on our behalf.

989900:
Buhari did a good job in China (with the few facts we have).

It is still a developing story, why don't y'all be patient as details roll in?

A developing story huh? Like in Nollywood right?

ezebunafo:
Pls can anyone show me the link where the president made it clear that he was going to China to secure a cash loan,it was the media that started the 2b dollar story,so what is the fuss about? He collect loan wahala,he no collect the same set of pple go wail.

When the media started it according to you, did Femi adesina debunk it? You have failed to tell us what is in it for the Chinese? There must something in it for them or are they father xmas?

长, 水利部苏莱曼阿达姆部长和国防部长丹阿里, 他来到中国人民共和国进行国事访问行国事访问 *grabs popcorn* I'm gonna watch this movie to the end

then what was in doing in china since 1week....
lemme read 1st

*modified*
kai diz dul.lard go tour of china mk him give space for him wife aisha to lunch n sell book..fa
n to skip d convocation ceremony in unimad he was invited to...to avoid running into shekau..

#zombietakenote that is why this trade was created

https://www.nairaland.com/3051542/presidency-nigeria

BeardedMeat:
When the media started it according to you, did Femi adesina debunk it? You have failed to tell us what is in it for the Chinese? There must something in it for them or are they father xmas?

if you know tell us but don't insinuate.

Why cnt it be true since he used Lia as his spokesman. So he only went to china to Huge small small girls, eat Yan chug fried ricebut he said he is going to borrow loan na

Why cnt it be true since he used Lia as his spokesman. So he only went to china to Hug small small girls, eat Yan chug fried ricebut he said he is going to borrow loan na

deluxez12:

****she left the link there for crying out loud..... ****

Nairalanders hardly click on links according to survey.

I am tired of reading projects and "Nigeria go better" onone and newsprints.

When are we going to start seeing these developments in real life.?

Abi, they are not for this generation? ?

This "he is coming" syndrome is getting out of hand.

why are Nigerians rumour hungry? you read trash online and the presidency denies it you tag it as confusion. in all cases why not wait to hear from the horses mouth. chaii.

[b]“In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.

“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.

“A total of $1bn is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.

“For the housing sector, both companies also sealed a $250m deal to develop an ultra modern 27-storeyed high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”

According to the presidential spokesman, other agreements announced and signed during the visit included $1bn for the establishment of a hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.

He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.

“An agreement valued at $363m for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.

“Other agreements undergoing negotiations include a $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.

“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,”...Senior Special Assistant to the President on Media and Publicity, Garba Shehu
http://www.punchng.com/buhari-didnt-sign-any-loan-deal-with-china-presidency/
[/b]

Youngzedd:
The OP and the person that moved this to front page without full details are fools.

The caption was, "Buhari did not sign a loan deal"!

For crying out loud can't you reason? Did he signed any loan? Yes, he romanced the investors but he never signed a loan deal. Are you just daft?

So what were these people defending all over the Internet all through Last week. You mean they now want to celebrate a "no loan was signed" even when they had celebrated the loan all along?

I think we should stop defending just about anything because of buhari.

Or did buhari consider the opposing view?

.......... the continuation of the news.

“There was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria,” he stated.
At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.
The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists.
Shehu said the President believed that the agreements concluded with the Chinese during the visit would have a huge and positive impact on key sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.
He said, “In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.
“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.
“A total of $1bn is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.
“For the housing sector, both companies also sealed a $250m deal to develop an ultra modern 27-storeyed high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”
According to the presidential spokesman, other agreements announced and signed during the visit included $1bn for the establishment of a hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.
He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.
“An agreement valued at $363m for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.
“Other agreements undergoing negotiations include a $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.
“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,” Shehu added

The presidency should come out clean and tell us Buhari's request was turned down

blackpanda:
This OP is very mischievous. Wailers in disguise always spreading lies and half truths. OP gave u half of the story in order to advance his bias. This is the other half:


Reuters had reported that Adesina confirmed that loan agreement would be signed but he could not say how much until it was signed.

But the presidential spokesman told our correspondent on Saturday that there was no iota of truth in the report.

“[b]There was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria,” he stated.

At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.

The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists.

Shehu said the President believed that the agreements concluded with the Chinese during the visit would have a huge and positive impact on key sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.

He said, “In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.

“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.

“A total of $1bn is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.

“For the housing sector, both companies also sealed a $250m deal to develop an ultra modern 27-storeyed high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”

According to the presidential spokesman, other agreements announced and signed during the visit included $1bn for the establishment of a hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.

He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.

“An agreement valued at $363m for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.

“Other agreements undergoing negotiations include a $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.

“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,” Shehu added.

[/b]

All I can see here are jargons and some mouth-watering figures that will never be put to good use. So, tell me, who's the mischievious one here; the OP for not getting his facts right, or you for supporting an already failing government?

TheGoodJoe:
[b]He said, “In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.

“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.

“A total of $1bn is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.

“For the housing sector, both companies also sealed a $250m deal to develop an ultra modern 27-storeyed high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”

According to the presidential spokesman, other agreements announced and signed during the visit included $1bn for the establishment of a hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.

He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.

“An agreement valued at $363m for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.

“Other agreements undergoing negotiations include a $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.

“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,” Shehu added.[/b]

Investing and loan are two different thing. Yes, had MOUs with the investors but he never signed any loan deal.

Just make your parent proud of you... Haba!!!!

talktonase:
what is wrong with this change government are they confused or what?

They signed cash swap and infrastructural loan.
that means China did not and will not give us the 6 billion in cash like IMF does.
If we want to build railways,hospitals,roads etc they will help us build it and deduct the money from the loan they gave to us.
That way no one can siphon the money.

If you want to buy stuffs from China instead of giving you dollars, the banks will pay for you in yuan. Reducing pressure on the dollar.
That way things will be cheaper.
Comprendé? ??