ernieboy:
oga do u know the meaning of treasury bills and bonds?

ernieboy:
yes it is debt but the issuer( ie borrower) has control over the terms. they specify the repayment terms and maturity... guy just read up on bonds and treasury bills and u will be able to argue more intelligently.

budaatum:

A large chunk of US debt is China too. About $1.12 trillion as of March 2019, that's 28% of the $4.07 trillion!

Now, do that analysis you done above again and lets see.

BLUEJAYY:
You can't know that.

Look, we are absolutely corrupt that we can't run an organized, innovative and developed society. We can't even create such society in the first place. These people as we know, can.

South Africa is what it is today, because of the 'immigrants' who took over their land and developed it. Those white guys still run their economy and infrastructures.

The Nigerian man has to move over and let capable people take over due process since he's so corrupt to a fault.

There's no bloody way we can pay back those huge Chinese loans. I bet you 50% of those have been promptly looted. So the guys must come in and seize control of the collaterals.

LarryBee1k:


Freedom is overrated in Nigeria. This will keep the religion and tribalism in check. They shouldnt respect and tribe and kick the shit out each regional leader. We have to learn the hard way

LarryBee1k:


Freedom is overrated in Nigeria. This will keep the religion and tribalism in check. They shouldnt respect and tribe and kick the shit out each regional leader. We have to learn the hard way

byrron:


Nigeria ought to be at the point now where it should use it's own senses to make decisions that is best for it's survival and not what a percieved friend nor foe advices her to do.

Stupidly is doing same retrogressive things for decades and expecting progressive outcomes.

PoliteActivist:


Yes I can know that. China is totally different from anything u ever experienced. Think of it this way: the Party is the beloved head of your family who tells u how to be and to whom u owe total allegiance and must report any sign of dissention

bro4u:
From the write-up they are actually warning us from taking Chinese loans, lols which looks like a cry from a drowning nation because nations no longer go to the US for loans but now opt for the Chinese. Hypocrites, they won't tell you they are the biggest debtor in the world.

JubrinElSudan:
The worst is that African's major creditor is China. Some persons will say US/IMF/Paris club etc are angry Africans don't borrow from them, but atleast the western creditors had history of erasing some of the debts. But China? China will lend you, use her manpower to execute the projects(like CCECC is doing to us), and once you default, they take over

Flier:
They are jealous of Chinese influence in Africa

zoedew:


USA has its big economy, offshore manufacturing and investments in China to bargain with. The ongoing trade war is certain to hurt China more badly. Truth is, no economy worth calling one will put its innards at risk by allowing HUAWEI equipment on its sensitive telco network. Huawei cannot resist request by the Chinese Communist Party to access info on HUAWEI equipment anywhere located in the world. #backchannels

byrron:


A well simplified summary of the subject in discuss.
If you still don't get it after reading the comment above, then you are ..................

kernel01:



You're right. How can a man take loan, and pay fees? No power, no road, no industries... And you think Chinese won't take over Nigeria in a short time?

Last year, with more than $1 billion in debt to China, Sri Lanka handed over a port to companies owned by the Chinese government. Now Djibouti, home to the US military’s main base in Africa, looks about to cede control of another key port to a Beijing-linked company

The Chinese are targeting ports to influx every defaulting country with made in China goods. Let's forget America, but face reality.

kernel01:



You're right. How can a man take loan, and pay fees? No power, no road, no industries... And you think Chinese won't take over Nigeria in a short time?

Last year, with more than $1 billion in debt to China, Sri Lanka handed over a port to companies owned by the Chinese government. Now Djibouti, home to the US military’s main base in Africa, looks about to cede control of another key port to a Beijing-linked company

The Chinese are targeting ports to influx every defaulting country with made in China goods. Let's forget America, but face reality.

LarryBee1k:


If that will beat sense into us. I'm okay with it.

LarryBee1k:


Are they really wide open. We should stop deceiving ourselves. Nigeria can only be better by external deadly force that recognizes no religion and tribe.

bro4u:
From the write-up they are actually warning us from taking Chinese loans, lols which looks like a cry from a drowning nation because nations no longer go to the US for loans but now opt for the Chinese. Hypocrites, they won't tell you they are the biggest debtor in the world.

bro4u:
From the write-up they are actually warning us from taking Chinese loans, lols which looks like a cry from a drowning nation because nations no longer go to the US for loans but now opt for the Chinese. Hypocrites, they won't tell you they are the biggest debtor in the world.

zoedew:


You typify the drowning man! His desperation obliterates the need for a choice and he’ll be long dead on a journey of no return before he realises he made a costly mistake! China as presently constituted is not good for our society! If we must do business with them all eyes must be wide opened!

budaatum:


I bet you can't name five national assets that Nigeria would use as collateral to China. And wouldn't US have to relinquish some of its very juicy assets if they can't pay their debt? Go read up about the Argentina Debt Crisis and the more recent in Italy and Greece. You might get an idea.

SIRTee15:

NNPC, NLNG, Nigerian refinery, Lagos port, murtala Muhammad airport or Abuja airport, free oil wells in naija delta, Nigerian railway, installing toll gates on Nigerian major highway.....
China can even demand to take over top schools like unilag, UI or ABU....
These are juicy assets with good ROI.....
It's like u oblivious of what's happening in Nigeria....
The last time the country was broke, FG contemplated selling some of these assets....
Dangote even suggested n supported the idea.....
Whether we like or not, these assets will be sold...
It's just a matter of time...

America don't need to give up any assets to China...
She owed her debt in dollars, a currency she has full control over...
If China demand for there loan, all America need to do is print more dollars n throw it at them...
It's left for China to chew on what to do with the worthless printed dollars...

Ngwamankillyou:
You don't care about Africa so why talking bullshit about our debt, stupid America.

SIRTee15:


If China demand for there loan, all America need to do is print more dollars n throw it at them...
It's left for China to chew on what to do with the worthless printed dollars...

budaatum:
I wonder what you think 200 million Nigerians would do to those assets if they belonged to China.

jaxxy:


Actually they do and wud rather give u practical ways to fix ur problems by putting ur house in order, China will give u loans even with ur corruption so they can takeover u completely. Does China have tolerance for corruption in there own country? No zero tolerance that’s why things work there Bt they allow u to be corrupt as u like because they know u don’t hv sense.