₦airaland Forum

InvertedHammer:
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The biggest representative of Africa and blacks fly around the world begging for funds. Is this something to cheer about? They take loans from the Chinese. They sign the contracts with Chinese companies to build. The Chinese companies build and get paid by the Chinese banks. In all, the money never leaves China but Nigeria is on the hook for the loan. A beggar has no choice and Due Process is flung out of the window. What is in it to rejoice about? Africa has all the minerals for self-sufficiency but don't know how to harness resources and manpower to be affluent. Let me see how Africa will borrow her way to greatness.

Take a closer look at how much the Nigerian government use to service her foreign loans annually. The amount is very staggering and they keep borrowing. Oh well...

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InvertedHammer:
/
The biggest representative of Africa and blacks fly around the world begging for funds. Is this something to cheer about? They take loans from the Chinese. They sign the contracts with Chinese companies to build. The Chinese companies build and get paid by the Chinese banks. In all, the money never leaves China but Nigeria is on the hook for the loan. A beggar has no choice and Due Process is flung out of the window. What is in it to rejoice about? Africa has all the minerals for self-sufficiency but don't know how to harness resources and manpower to be affluent. Let me see how Africa will borrow her way to greatness.

Take a closer look at how much the Nigerian government use to service her foreign loans annually. The amount is very staggering and they keep borrowing. Oh well...

Nigerians are cheering their leaders. They should take a cue from Venezuela and Turkey. When the creditors cook up stories to hit Nigeria, will the people be able to live with naira at N1000 per US dollar?

/

paddymo:
Tell the mods if this ads are no more, they should let people know pls. I paid money for the Nairaland ads and it’s gettig to 2 weeks now, not confirmation and no ad credit added to my account. Please I respect Nairaland and I want them to improve their response theme to this paid ads. This is really unfair.

Mgbadike80:
Nice analysis, you need to read the book titled ' the economic hitman ' to understand more of how this exploitation works. that's why they always try to install dumb leaders in Africa. the type of leaders always intimidated by the very presence of a white man and would do everything to have a picture taken with a white fellow. list it as an achievement and even display the picture on giant billboards around the capital.

mknigeriagreat:
The same way the previous administration signed and signed and signed and this very administration is the one funding, funding and funding.

new2012:
It doesn't have to be party against party.. Grow up and face realities..

Must u compare? The last guys did woefully that's why the new guys got elected, so If they keep towing the same path, of what difference is their presence in govt.

Dont be a sycophant

mknigeriagreat:
Comprehension is always a problem with you boys and all but no thanks to "type without reasoning" syndrome. I said this administration has funded most of the MOU s signed by the previous administration. I never said this administration has not funded its own personally initiated project. Tell me one project they have initiated and haven't funded. MOUs are always the Genesis of every project and that is what they did. So until we can't see the execution as against the scheduled time drafted for the project, you should hold your peace. All you know how to do is prophesy doom. And when I say administration, it is a collective noun not party based. You need to reformat your thinking and mindset boy.

Originalsly:
I can bet my life...there will be action. It is in China's interest to have a deep water port in Nigeria....1. to in erase their exports to Nigeria and beyond and ....2. to ship raw materials in larger volumes back to China. At the end of the day...do I have to say who is going to control the port?
Well done?...how is Edo/Nigeria going to benefit? ..will they be taxed?/what concessions were they given?
All these agreements.....politicians never go to make market for Nigerian products...never go to get modern equipment and training of our youths to operate them...but always be going to sign MoU set out by China. We are really moving forward...really?

fedora04:
Aren't you guys tired of signing? Action please

RealLordZeus:
E be lyk say some mods dey do night duty
@ the topic, some ppl were of the opinion that the President crew to China is full of government official and thus will be useless, I hope you are seeing this.

Dent:
It's all of the parties not just APC alone. Left to me I'll say all of our politicians

Josh44s: :
All APC know how to do is deceive the Mass using the media as a vital instrument. Believe this news at you own risk.

fedora04:
Aren't you guys tired of signing? Action please

Genea:
I would commend them when I see it in construction

Toosure70:
just signature?

fedora04:
Aren't you guys tired of signing? Action please

InvertedHammer:
/
The biggest representative of Africa and blacks fly around the world begging for funds. Is this something to cheer about? They take loans from the Chinese. They sign the contracts with Chinese companies to build. The Chinese companies build and get paid by the Chinese banks. In all, the money never leaves China but Nigeria is on the hook for the loan. A beggar has no choice and Due Process is flung out of the window. What is in it to rejoice about? Africa has all the minerals for self-sufficiency but don't know how to harness resources and manpower to be affluent. Let me see how Africa will borrow her way to greatness.

Take a closer look at how much the Nigerian government use to service her foreign loans annually. The amount is very staggering and they keep borrowing. Oh well...

Nigerians are cheering their leaders. They should take a cue from Venezuela and Turkey. When the creditors cook up stories to hit Nigeria, will the people be able to live with naira at N1000 per US dollar?

/

southernbelle:
This particular project has been talked about by several administrations and its yet to see the light, the people of Edo state will be very glad if he can make it happen.

prof2015:
Has anybody heard of the Chinese debt trap. Please research you will see we are headed there.

bigtt76:
What the Cross Rivers governor should have done for his state I stead he wants to turn Tinapa to University Issssorite!

Originalsly:
I can bet my life...there will be action. It is in China's interest to have a deep water port in Nigeria....1. to in erase their exports to Nigeria and beyond and ....2. to ship raw materials in larger volumes back to China. At the end of the day...do I have to say who is going to control the port?
Well done?...how is Edo/Nigeria going to benefit? ..will they be taxed?/what concessions were they given?
All these agreements.....politicians never go to make market for Nigerian products...never go to get modern equipment and training of our youths to operate them...but always be going to sign MoU set out by China. We are really moving forward...really?

dontbothermuch:
Our Professors wey study engineering nko

new2012:

mknigeriagreat: :


The same way the previous administration signed and signed and signed and this very administration is the one funding, funding and funding.

It doesn't have to be party against party.. Grow up and face realities..

Must u compare? The last guys did woefully that's why the new guys got elected, so If they keep towing the same path, of what difference is their presence in govt.

Dont be a sycophant

mapet:
Did you rush to read his line or are you struggling to comprehend?

mapet:
You started to a thought-provoking trajectory but deviated into emotional and ridiculous reasoning. Well may be your lack of exposure can be excused as the reason why you think Obaseki and his team will just sit at a negotiation table and come out empty

new2012:
Mapaet, what's the current debt burden of Edo state? Its second only to Lagos, are u aware of that? By virtue of IGR and even FG state distribution, do you think Edo can pay off her debts in 20 years?

Now, in other to do something at all cost, they're signing MOUs with China for more burden, its either in the next few months it is left fallow or the state wriggles continuously in debts they can never pay. That's slavery!

new2012:
Usually I don't reply trolls, but maybe you've still got any iota of dignity left, so let's do this. Like I told the other guy, I won't stoop low to your level and spew insults or any demeaning words.

Please state the projects initiated by this administration. While you're at it, state the ones by the previous administration that got funded by this current admin.

Let's do facts for facts and maybe we both could see things differently.

mapet:
Let us start with what is low.

1. The "quality" of your response to @mknigeriagreat submission is way low
2. Your attempt to draw this discourse to a "state the project initiated by this administration" in fact betrays you as an intellectual wannabe.

mapet:
I am not one of those people you through "terse" scary statements to with no data to back it up. So I ask you, what is the debt to GDP of Edo state? what is the IGR of Edo state? What is the projected 5-10-15yr IGR of Edo state?

What is wrong in taking debt to address infrastructure? Give me the link of any academic or business resource/book that says debt is bad. Have you looked at the terms of the MOU signed? Have you looked at the business development plans for the Ports in question? Do you have any idea of the economic development plans of Edo state?

Let me leave you with one tot; If Edo state can bring Azura to live 4months before projected completion date, I will rather trust such a state with bigger ventures.

naptu2:
President Buhari is in China with a large delegation of ministers and governors to attend the Forum Of China-Africa Cooperation #FOCAC2018. While the president attends the main summit, the ministers and governors have been negotiating deals and agreements on behalf of their states and ministries on the sidelines of the summit.




https://www.dailytrust.com.ng/edo-signs-pact-with-chinese-firm-to-build-benin-port.html

new2012:
Dude, I was part of the team that designed Azura, you're not only incapable of intellectual discourse but brewed in hate and can only do insults. How did Azura come into this discourse? You know who initiated the project? Financial commitments were completed in 2015.

You think everybody you meet online is on your level of propaganda and insults. There are no development plan for any state or even the nation at large, its all abt things as they show up.

The guy I quoted said previous admin signed and signed and only this current one funded The previous admin in Edo was APC and current still ApC.. He only can be talking abt the FG.

You guys don't have to sell your mental prowess for morsel of bread.

I won't be replying you after this, I thought as a troll you were capable of independent reasoning, I was wrong, your mental capabilities have been wrapped up by political inclination and you're irredeemable.