Charleys:
The trick is to continue borrowing so that you can default on your debts and China can write off those debts.


Or keep borrowing while negotiating for Debt forgiveness

unfortunately, the criminal organization called the chinese communist party don't do debt forgiveness.

pafra:
Guys it's easy to criticis the government. Critically let's look at the situation of Nigeria.

Nigeria is a mono economy that depends on oil. The price have been down since the government came in it means, the amount realize from sells of oil can not finance our budget.

Please as Nigeria that want to see the country better let's list other forms of financing the budget outside borrowing.

Forget hate and let's talk about the nation

They will loot the money if they are allowed to borrow it, these Chinese contractors work hand and hand with our politicians to steal money.

webizone:


Exactly. Nigeria always make simple things hard. But, something might be going on behind the scenes. Maybe our former colonialists are involved in blocking our rise.

So why wasn't Rwanda's rise blocked?

This one funny. If I owe you and I no keep to payment you ko still dey smile abi??
We too dey joke for this country

'make them sell Nigeria give me my share' crew, hope una see say una no get share, them go sell you and your property join.

Charleys:
The trick is to continue borrowing so that you can default on your debts and China can write off those debts.


Or keep borrowing while negotiating for Debt forgiveness

it is easier for European country to forgive debt than China... China can never forgive your debt

ursullalinda:
Yet we want to go borrowing knowing fully well that we must default.......How did we settle for this greedy and selfish people as leaders.........they are only after their loot and not what happens after.

The problem is those waiting to loot are far more than those who have looted. Until we pass a bill like China to publicly behead currupt officials this country will never move forward. Who will pass it?who will approve it?... Meanwhile, let wait and see what the next episode will bring. Hahaha

pafra:
Guys it's easy to criticis the government. Critically let's look at the situation of Nigeria.

Nigeria is a mono economy that depends on oil. The price have been down since the government came in it means, the amount realize from sells of oil can not finance our budget.

Please as Nigeria that want to see the country better let's list other forms of financing the budget outside borrowing.

Forget hate and let's talk about the nation

the one they borrowed before now who looted it..

Evercurious:


Abeg go wash your face.. you dey talk with o e side of your mouth, buhari zombies

If you fail to see your period you will blame Buhari for it.

Guestlander:


If you fail to see your period you will blame Buhari for it.

Have you taken over the title of IRREDEEMABLE ZOMBIE feom the griller? Do let me know so you can be addressed appropriately.. Nonsense

One day we will all wake up and find out that these devils have sold the country and eloped.

joyandfaith:


go and read history of china, one of the oldest nation in the world and try to understand why most nations around china do not like to associate with her. China is parasitic and deceptive nation. try to compare how Nigerian workers are being treated in Chinese companies with America companies.

You should also go and read about the history of western nations. Especially the slave trade, colonialism and their massacres in various parts of Africa.

How many American companies do you have in your place? I know for sure that you have more Chinese companies than American ones in your place. There is no country that does not have bad eggs. Most of the Chinese people around us are respectful and peaceful. I even made a few Chinese friends in secondary school and I can say for sure that they are mostly nice.

China is not giving this loan to any Nigerian company or individual, the money is used directly to put the infrastructure on ground, the Minister does not have access to the money neither does the ministry of transportation. There is no money to lobby the National assembly members with. The Minister supervises the implementation only. I repeat this loan cannot be used by thieves.

The west can forgive loans, but China won't. They are giving the loan with the hope that Nigeria will default. Their end game is to take over.

Evercurious:


God wont just shame his, but KILL HIM..

Hatred is not good for your health. Everyone will die including you

omoyankee3:
The west can forgive loans, but China won't. They are giving the loan with the hope that Nigeria will default. Their end game is to take over.

You have too high expectations from the west. Before the west forgive your loans, you would have paid the loan amount times 10. How much did Nigeria loan from the Paris club? How much was paid before the loan was partially forgiven?

abduljabbar4:



Hatred is not good for your health. Everyone will die including you

Have you ever heard of HONORABLE and DISHONORABLE death?..

pafra:
Guys it's easy to criticis the government. Critically let's look at the situation of Nigeria.

Nigeria is a mono economy that depends on oil. The price have been down since the government came in it means, the amount realize from sells of oil can not finance our budget.

Please as Nigeria that want to see the country better let's list other forms of financing the budget outside borrowing.

Forget hate and let's talk about the nation

Nigeria generates #10 trillion naira every year but where do those money go to? if we are sincere to ourselves, our loans can be cleared off in 6 years but they keep stealing the money

abduljabbar4:


You should also go and read about the history of western nations. Especially the slave trade, colonialism and their massacres in various parts of Africa.

How many American companies do you have in your place? I know for sure that you have more Chinese companies than American ones in your place. There is no country that does not have bad eggs. Most of the Chinese people around us are respectful and peaceful. I even made a few Chinese friends in secondary school and I can say for sure that they are mostly nice.

I agree we should deal with Chinese because we have no alternative. That's the reality in the world we live now.
Western nations cannot match the massive and generous funding coming from China.

But it's stupid borrowing 5.6 billion dollars to build railway line from Lagos to kano. Seriously, that means we will have to borrow over 30 billion dollars to cover the 6 regions in nigeria.
How do we intend to pay back? Those projects cannot generate enough funds to pay back the loan. They are more of govt social responsibility infrastructural projects. U dont build such things with any intention of ROI.
Apart from Tinubu, no other leader build roads or bridges with the intention of taxing the users to death, just to get the money back.

We should be borrowing to build refineries, develop manufacturing capability, expand special economic zones, deepen industrial process n value added chain, expand our agro allied industry etc.

Such huge fund would have benefited the country more if it's meant to build an independent power project not connected to national grid, and meant to serve the industrial areas and SEZ.
Just imagine places like Aba, kano, Ota, Apapa, Agbara having cheap and regular 24 hours electricity.
That's a powerful magnet for foreign investors n strong potential for consumer goods export.

Imagine spending that amount to develop the rice agro allied sector. We will supply the whole of Africa with rice and become a dominant player.

Alternatively, why can't we tell China to use the money to develop a steel production facility for us here in nigeria, and we watch how it's done. Or is it a crime if we start producing and exporting steel products.

I've always said it, our Leaders lacks sense, amaechi is just interested in the kickbacks from the whole deal. Because I really don't understand why we want to mortgage our future over inexpedient physical infrastructures.

U mentioned Chinese people as good people. I laff in mandarin.
Those guys have poor social and managerial skills. They are brutal n heartless human resource managers albeit effective. They lack conscience, and the only god they worship is money. They've taken over from America as the masters of brutal capitalism.
Its like u guys have no idea how they became the 2nd largest economy in the world within a very short time.
Let them take over in Nigeria, u guys will understand. The only good thing that will come out of it- for the very first time, Nigerians will learn the meaning discipline and hardwork.

Amaechi....your papa na donkey.

abduljabbar4:


You should also go and read about the history of western nations. Especially the slave trade, colonialism and their massacres in various parts of Africa.

How many American companies do you have in your place? I know for sure that you have more Chinese companies than American ones in your place. There is no country that does not have bad eggs. Most of the Chinese people around us are respectful and peaceful. I even made a few Chinese friends in secondary school and I can say for sure that they are mostly nice.

African merchants and leaders sold their people into slavery. In history, powerful tribes or empires ruled over others. Oyo empire once ruled over dahomey now Benin republic.
Let me ask you, how many Europeans and Americans have u made friends with? There are different between rulers and common people. China practices communism, try to learn what is communism is all about.
Can u practice Islam in China? And why?

YOU DID NOT address the issue. Why is Nigeria still a monoeconomy despite 60 years of independence? What is the underlying reason for this?

pafra:
Guys it's easy to criticis the government. Critically let's look at the situation of Nigeria.

Nigeria is a mono economy that depends on oil. The price have been down since the government came in it means, the amount realize from sells of oil can not finance our budget.

Please as Nigeria that want to see the country better let's list other forms of financing the budget outside borrowing.

Forget hate and let's talk about the nation

Who pays the loans if Nigeria break up

AustineJohn908:
So why wasn't Rwanda's rise blocked?

Rwanda learned sense after their genocide. But Nigeria still continue nonsense after civil war.

SIRTee15:


I agree we should deal with Chinese because we have no alternative. That's the reality in the world we live now.
Western nations cannot match the massive and generous funding coming from China.

But it's stupid borrowing 5.6 billion dollars to build railway line from Lagos to kano. Seriously, that means we will have to borrow over 30 billion dollars to cover the 6 regions in nigeria.
How do we intend to pay back? Those projects cannot generate enough funds to pay back the loan. They are more of govt social responsibility infrastructural projects. U dont build such things with any intention of ROI.
Apart from Tinubu, no other leader build roads or bridges with the intention of taxing the users to death, just to get the money back.

We should be borrowing to build refineries, develop manufacturing capability, expand special economic zones, deepen industrial process n value added chain, expand our agro allied industry etc.

Such huge fund would have benefited the country more if it's meant to build an independent power project not connected to national grid, and meant to serve the industrial areas and SEZ.
Just imagine places like Aba, kano, Ota, Apapa, Agbara having cheap and regular 24 hours electricity.
That's a powerful magnet for foreign investors n strong potential for consumer goods export.

Imagine spending that amount to develop the rice agro allied sector. We will supply the whole of Africa with rice and become a dominant player.

Alternatively, why can't we tell China to use the money to develop a steel production facility for us here in nigeria, and we watch how it's done. Or is it a crime if we start producing and exporting steel products.

I've always said it, our Leaders lacks sense, amaechi is just interested in the kickbacks from the whole deal. Because I really don't understand why we want to mortgage our future over inexpedient physical infrastructures.

U mentioned Chinese people as good people. I laff in mandarin.
Those guys have poor social and managerial skills. They are brutal n heartless human resource managers albeit effective. They lack conscience, and the only god they worship is money. They've taken over from America as the masters of brutal capitalism.
Its like u guys have no idea how they became the 2nd largest economy in the world within a very short time.
Let them take over in Nigeria, u guys will understand. The only good thing that will come out of it- for the very first time, Nigerians will learn the meaning discipline and hardwork.

Guy, this your comment is what I have been looking for. Just woke up to this and I am both happy and sad. Happy because someone hit the exact point of how to get ourselves out of poverty and sad because people like you don't get a chance to lead.

joyandfaith:


African merchants and leaders sold their people into slavery. In history, powerful tribes or empires ruled over others. Oyo empire once ruled over dahomey now Benin republic.
Let me ask you, how many Europeans and Americans have u made friends with? There are different between rulers and common people. China practices communism, try to learn what is communism is all about.
Can u practice Islam in China? And why?

You need to read the history properly. In many cases, the Europeans forcefully killed people and captured them. There are also places that faced massacres when they tried to resist colonialism.

I have made a. French friend before but mostly, I see how they belittle Africa online

Modern day China does not practice communism. Communism is dead but even if they are, has China ever forced anybody to adopt it? It's only IMF that tells people that they must do certain things or adopt certain laws (eg gay marriage) before they trade with us.

How they treat Islam in their countries is not my business. We are conducting business with NO STRINGS ATTACHED. I'm sure you would want us to trade and become allies with Israel in spite of what they are doing to Palestine.

Faithful4real:
@jedisco
I have said it before you can never trust the Chinese government.

Not just the Chinese government... We cannot trust any foreign government to protect our best interest. Protecting our interest is the job of our government which they've sadly failed at.

See it this way, the Chinese give low interest loans for usually major national projects. First the country has to pay some counterpart funding in full and then they handle the construction of the projects which are usually completed once the country plays it's part. They do not give cash. The country runs the service and pays back. If they default, the Chinese take over the project and recover their funds before handing it back. Sure it's not the fairest of terms.

Now compare this to Western institutions/countries who give out higher interest loans mostly in cash knowing fully well that over 80% of it would be stolen by the recepients country's officials and diverted back to their country leaving us in perpetual debt and hence servitude. They have robust institutions to monitor the use of those loans but they prefer to turn a blind eye.

Question you would ask yourself is why are Western countries seemingly very worried about Chinese loans to African countries? Do you think it's because they care about us or are worried about the increasing influence of China? Also, most of the IMF debt that crippled Nigeria in the past, what was it used to accomplish? In other words, we were repaying a loan which was actually sitting in banks in their countries. At least, we can see, benefit from and use the railways which the Chinese loans built

While I'm not fully in support of Chinese loans, if I had to choose between $5Billion loaned to Nigeria but tied to major capital projects and same sum given in cash to the government, I know which I would choose.

SIRTee15:


I agree we should deal with Chinese because we have no alternative. That's the reality in the world we live now.
Western nations cannot match the massive and generous funding coming from China.

But it's stupid borrowing 5.6 billion dollars to build railway line from Lagos to kano. Seriously, that means we will have to borrow over 30 billion dollars to cover the 6 regions in nigeria.
How do we intend to pay back? Those projects cannot generate enough funds to pay back the loan. They are more of govt social responsibility infrastructural projects. U dont build such things with any intention of ROI.
Apart from Tinubu, no other leader build roads or bridges with the intention of taxing the users to death, just to get the money back.

We should be borrowing to build refineries, develop manufacturing capability, expand special economic zones, deepen industrial process n value added chain, expand our agro allied industry etc.

Such huge fund would have benefited the country more if it's meant to build an independent power project not connected to national grid, and meant to serve the industrial areas and SEZ.
Just imagine places like Aba, kano, Ota, Apapa, Agbara having cheap and regular 24 hours electricity.
That's a powerful magnet for foreign investors n strong potential for consumer goods export.

Imagine spending that amount to develop the rice agro allied sector. We will supply the whole of Africa with rice and become a dominant player.

Alternatively, why can't we tell China to use the money to develop a steel production facility for us here in nigeria, and we watch how it's done. Or is it a crime if we start producing and exporting steel products.

I've always said it, our Leaders lacks sense, amaechi is just interested in the kickbacks from the whole deal. Because I really don't understand why we want to mortgage our future over inexpedient physical infrastructures.

U mentioned Chinese people as good people. I laff in mandarin.
Those guys have poor social and managerial skills. They are brutal n heartless human resource managers albeit effective. They lack conscience, and the only god they worship is money. They've taken over from America as the masters of brutal capitalism.
Its like u guys have no idea how they became the 2nd largest economy in the world within a very short time.
Let them take over in Nigeria, u guys will understand. The only good thing that will come out of it- for the very first time, Nigerians will learn the meaning discipline and hardwork.

If the Nigerian government is borrowing what they "cannot repay ", then it's their fault and not the fault of China and it doesn't make them evil for seizing your assets. (Banks do that all the time). Also, I think you are wrong about the potentials of the railway. The Abuja-Kaduna train generates a lot of money every month even after the problem of insecurities had lessened. Also, Nigeria does not need to link it to all parts of the country. Do You prefer to see thousands dying on highways? Again, China has given enough time for any responsible government to pay back. It's far far better than IMF.

Yes we should, and that is why the government is still getting deals and conducting the gas pipeline projects around the country. In fact, Abba Kyari got his virus in Germany when he went to discuss a deal. With electricity, you can expect a lot more investments to come to Nigeria and the rebirth of Ajaokuta steel. Also, the government is assisting Dangote to build a refinery. Look, I'm not entirely happy with this government but not everything they do is condemnable. It's better for us to have "useless infrastructures " than for us to have none while one idiot corners all the money to himself.


You just called them communists, and now you are calling them capitalists. It is only logical that they will be brutal when they need to be. In Kaduna and Kano, they treat workers so well that nobody ever says anything negative about them. I am not trying to be a tribalist (though I admit that I'm one) but to be honest, the average hausa man is more honest than the southerners (on average). That's why 419 is hardly ever an issue here. Also, we are not always trying to be "sharp " by cutting costs, trying to cheat our employers or simply misbehaving. If you mess with somebody's business whether Chinese, American or even African, he is going to mess you up. So far I don't hear any stories about them here. In fact, the Chinese even have a Sarauta (hausa traditional title) in Kano and a SHIT LOAD of them are speaking Hausa and relating well with the people today.


Would you mind telling me how the Chinese people developed please? And when you do that, don't forget to compare that with the way the west developed using the blood of your forefathers and the wealth of your land.

So far, they have not annexed even one country or kicked any leader out. I can mention ten leaders that the western nations have kicked out of power. China is here to conduct business and we will not allow anybody to sabotage it with baseless, paranoid propaganda. Even Pompeo has been begging people to stop trading with China because it is fast becoming a threat to their dominance.

Indian, Japanese, French, American and English companies are scattered all over China and no one is saying that China is being colonized. America is owing China over a trillion dollars and no one is saying that China is colonizing USA. It is only when it comes to Africa that you start hearing rubbish like that.

Let me ask you a question. Do you approve what France is doing to their "former" colonies? If you don't, then kindly tell me why the West is yet to criticize France for it.

abduljabbar4:


You need to read the history properly. In many cases, the Europeans forcefully killed people and captured them. There are also places that faced massacres when they tried to resist colonialism.

I have made a. French friend before but mostly, I see how they belittle Africa online

Modern day China does not practice communism. Communism is dead but even if they are, has China ever forced anybody to adopt it? It's only IMF that tells people that they must do certain things or adopt certain laws (eg gay marriage) before they trade with us.

How they treat Islam in their countries is not my business. We are conducting business with NO STRINGS ATTACHED. I'm sure you would want us to trade and become allies with Israel in spite of what they are doing to Palestine.

go and read about slavery in China.
try to learn chinese and read about their comments regarding blacks. you will be shocked.

make more friends with caucasians and compare.

religious tolerance is an important mark of freedom in any society. china fails in this regard.
how many foreigners become citizens of china and tell me why?
how many foreigners are American citizens and tell me why?

on Palestine and Israel conflict, conquerors are owners of land. Alimi defeated Afonja in ilorin, the rest was history. Usman Dan fodio displaced all hausa kings and installed his kinsmen as emirs.

webizone:

Rwanda learned sense after their genocide. But Nigeria still continue nonsense after civil war.

Well maybe Nigeria needs something to also teach them a lesson

joyandfaith:


go and read about slavery in China.
try to learn chinese and read about their comments regarding blacks. you will be shocked.

make more friends with caucasians and compare.

religious tolerance is an important mark of freedom in any society. china fails in this regard.
how many foreigners become citizens of china and tell me why?
how many foreigners are American citizens and tell me why?

on Palestine and Israel conflict, conquerors are owners of land. Alimi defeated Afonja in ilorin, the rest was history. Usman Dan fodio displaced all hausa kings and installed his kinsmen as emirs.

There was slavery in China and almost every other part of the world but you can't attribute it to their recent growth spurt (1980-date).

Chinese people are scattered everywhere online and I'm hearing this for the first time from you. The good thing is that even other Africans don't complain about what you are trying to tell me. Search "what do Africans think about Chinese people" in Quora for example.

Whether China accepts or rejects religion is not your concern. They come to Nigeria with their visas to conduct businesses with the approval of Nigeria. Those who commit crimes (e.g the illegal miners in Zamfara) get arrested and prosecuted. Say the truth. You only don't like China because they don't allow religion in their country. Also, there are millions of ferigners including Africans in China so what are you trying to say?


In other words, you agree with the killings of more than 2000 Palestinians (including children) in Israel but you don't agree with China banning religious activities. Well done