₦airaland Forum

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]

Gentle2015:
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!!!!

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]

malele:
How is he mischievous ,some days ago we had loan was signed and it was all over the news, now the presidency has said no loan was signed, which one should we believe, it's dishearten the way some Nigerians behave.

ElCount:
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

wapu:
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? ??

LoveMachine:
So wahala when you think he got a loan? And wahala when it is revealed he secured investments? Sometimes you have to leave angry people to be angry.

sinistermind:
And where did the $2bn figure emanate from? And why did it take dis long for the govt to defend it's trip to China as against what going round in the media.

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.

tinsel:
Nawaa for PDP opposition

sinistermind:
And where did the $2bn figure emanate from? And why did it take dis long for the govt to defend it's trip to China as against what going round in the media.

bukynkwuenu:
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..

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:
[size=28pt]

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.[/size]

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]

ndcide:
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?

wapu:
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? ??

Gentle2015:
Youngman, what is the aim of your arguement? The fact is no loan was signed for.

So?...

elmisti:
Please shift

wapu:
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? ??

LoveMachine:
So wahala when you think he got a loan? And wahala when it is revealed he secured investments? Sometimes you have to leave angry people to be angry.

elmisti:
U ar as confused as someone who married a transgender. Who is yet to complete surgery!

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?

wapu:
You don't have to resort to insults.
The best you could do was explain, and probably make me understand.
Did the insult solve anything now?

jide333:
[s]like you were with them during the trip to china... [/s]

Chubhie:
This administration has made me to doubt everything. The only certain thing now is That I think, therefore I exist.