Kingspin:
Those in government and need the wise upmost. Their counterparts are in Dubai making good strides.

Yes Dubai makes good stride on loan and they are paying back without arguments on terms of loan

.

Abouwaza:
Prof wey mumu

U are still show casing your ignorance, your silence would have been golden ,lazy youth.

why not publish details about the loan let the general public know, why won't they display ignorance when you his details of what everyone shud know.

Government of denial of the truth

Always lying in broad day light

The chance Nigeria will default on that loan is obvious based on repayment deadline 1. Covid19 pandemic economic downturn 2. Low patronage of Nigeria petroleum due to covid19 pandemic 3. Pure corruption that is a normal thing in Nigeria.The Chinese where not foolish when they sent doctors to treat Chinese workers building Nigerian railways during covid19 pandemic obviously their own investment.What lender will borrow you money and still insist he builds what he lends you for knowing he stands to gain more if you default payment.Nigerian politicians only care for their pockets and myopic with obvious china scheming.

SmartyPants:


He has already elucidated perfectly.

Ordinarily, China could have no claim to Nigerian property, as all of such would be covered under the principle of sovereignty and territorial integrity.

However the exception to this rule is when a nation incurrs debts in the course of a commercial transaction, the effect is that the sovereignty of that nation is waived with respect to its liability. That does not mean China can take ownership of Nigeria, but it means that Chins can lay claim to some assets belonging to Nigeria.

The only issue I have with this is that the particular property to be claimed is not stated.

You are the first person that typed reasonably and truly understands how it works. Please don't bother educating those ignorant folks. For their ignorance is bliss

galaxy2020:
So it's wrong to ask questions when the entire contract agreement was shrouded in secrecy? This man with velvet mouth will never seize cease to surprise me with his comments.
How can the entire contract agreement be shrouded in secrecy, when the national assembly was the one that approved the loan in the first place. Did the national assembly mean to tell us that they did not read the loan terms before approving the loan? What do they want to do now since the loan has been taken and the contract is running? Do they want to withdraw their approval for the loan?

When the national assembly approved the loan may be somthing happened that forced all of them to look the other way. They have now come to their senses or the veil has been taken off their eyes and they can now see clearly. There is nothing as bad and deadly as corruption. When Ghana must go bags were flying around during the signing of the loan none of them thought it wise to look at the loan terms and agreement before approval. When they are settled because of this discovery nobody will hear this noice again. Corrupt rulers!

Thetruthalways:

At the same time don't you think he is punishing you and your generation currently?

what exactly is ur point. Is dad or relatives a politician? If yes they all will die a painful death. Fool

Arizonaz:
Good morning
Like say government hate to borrow money like I do, we for done go far for this country.

For the LORD your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.
Deuteronomy 15:6

This is the place Nigeria as a nation missed it.
A borrower remains a slave to the lender.

Nigeria as a country has now become a slave to other nations due to constant borrowing just because they refused to appreciate what they have.

Do you attend winner

Believe nigeria at your own peril....since time memorial nigeria always borrow but will never pay back...then thry opt for debt relief and you wonder who has always paid for rhe relief...its we the people indirectly...
If we all understand international relationship you will know that services and money go hand in hand...old economics no be lie give and take must exchange hands.
Useless government
Usless leaders
Useless citizens

Administration of dumdu people

SmartyPants:


He has already elucidated perfectly.

Ordinarily, China could have no claim to Nigerian property, as all of such would be covered under the principle of sovereignty and territorial integrity.

However the exception to this rule is when a nation incurrs debts in the course of a commercial transaction, the effect is that the sovereignty of that nation is waived with respect to its liability. That does not mean China can take ownership of Nigeria, but it means that Chins can lay claim to some assets belonging to Nigeria.

The only issue I have with this is that the particular property to be claimed is not stated.

The properties to be taken over by China in case of default are the same Railroad and wagons they financed.

Sagay was given a simple assignment, Advise on corruption and he got corrupted. The revelations across MDAs and government circles is a good pointer.

Just collect $10trillion, After all it’s the future generation that will come to pay

No any nation is survive without loan but utilizing it judiciously is worrisome here in Nigeria.

How about Nigeria pays the money it "owes" when Chinese return all the minerals they looted and corrects the trade exploitation.

Nigeria owes those ugly people nothing.

Abouwaza:
Prof wey mumu

Youth wey mumu. Lazy youth with no future ambition.

Cousin9999:
How about Nigeria pays the money it "owes" when Chinese return all the minerals they looted and corrects the trade exploitation.

Nigeria owes those ugly people nothing.

Hay will you about the beautiful people that exported your forefathers and my forefathers to their land to work as slaves?

Up till today, the "beautiful" people give African nations loans with very high interest and then, help African rogue politicians to keep same loans in the personal accounts in their(Oyinbo) banks abroad.

How beautiful can people be! Beautiful on the outside, but ugly in the heart.

Arizonaz:
Good morning
Like say government hate to borrow money like I do, we for done go far for this country.

For the LORD your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.
Deuteronomy 15:6

This is the place Nigeria as a nation missed it.
A borrower remains a slave to the lender.

Nigeria as a country has now become a slave to other nations due to constant borrowing just because they refused to appreciate what they have.

Just find a way of sending him this portion of the Bible, since he knows how to quote the Bible.

Arizonaz:
Good morning
Like say government hate to borrow money like I do, we for done go far for this country.

For the LORD your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.
Deuteronomy 15:6

This is the place Nigeria as a nation missed it.
A borrower remains a slave to the lender.

Nigeria as a country has now become a slave to other nations due to constant borrowing just because they refused to appreciate what they have

Oga oni Bible, the Arabs once borrowed from Europe and America, today, the Arabs are buying everything in Europe and America including their beloved Sports Clubs.

wirinet:

How can the entire contract agreement be shrouded in secrecy, when the national assembly was the one that approved the loan in the first place. Did the national assembly mean to tell us that they did not read the loan terms before approving the loan? What do they want to do now since the loan has been taken and the contract is running? Do they want to withdraw their approval for the loan?

Going by your use of grammar, do you think you are qualified to challenge the professor?

Is it not the same load that Saraki and co refused to approve because the details wasn't inserted??

RichBoy247:


Hay will you about the beautiful people that ...

Oh shut the f___ up. We're talking about these ugly Chinese midgets. Stay on topic. If you want to talk about the ugly Euro h_mosexuals, go in another thread.

RichBoy247:


Oga oni Bible, the Arabs once borrowed from Europe and America, today, the Arabs are buying everything in Europe and America including their beloved Sports Clubs.

So who do we blame now?
Na reference I dey state. If you don't have anything reasonable to with borrowed funds that will yield profit in return then the aim is being defeated.

Alberta123:
Most Nigerians are boldly ignorant and very loud.

You dare not correct them. They will abuse you.

They will direct there frustration into anyone willing to educate them.

A simple research will have told them China can now take Nigeria as a nation to court and take over the trains they borrowed us money for if we failed to pay back since we've waived our sovereignty as a nation.

This is just what any banks or money lender will do if you borrow money and can't pay up.

And I don't see what's wrong with that.

This drunkard again.

Do we really need to go to China for any loan when NDDC is there?

This agency, can give Nigeria the loan to save Nigeria from scrapping her immunity and Sovereignty Clause in international Law just because we need loan from China.

So oga, going about taking loans that you think you can pay is wisdom? Shame on you, if the obj administration didn't get debt waiver for the country how will that your "thinking I can pay happen? "

I just dey respect you because you be elder if not na correct slap that your mouth for collect.

Tell me the direct impact of rail transport to the economy if not employing minimum wage earners and telling Nigerians that our road maintenance agencies have failed.

Also you stated that the infrastructure will be managed by Chinese. Oh what a country!

wirinet:

How can the entire contract agreement be shrouded in secrecy, when the national assembly was the one that approved the loan in the first place. Did the national assembly mean to tell us that they did not read the loan terms before approving the loan? What do they want to do now since the loan has been taken and the contract is running? Do they want to withdraw their approval for the loan?

Going by your use of grammar, do you think you are qualified to challenge the professor?

...When you have a rubber stamp leaders of National assembly, what do you expect. They just approved and never bother checking the details of the agreement. See you see grammar, I have communicated and that's why you are able to reply my comment otele! I will challenge even the president because the money belongs to us all.if you don't like it, well am sorry I can't help your pathethic case.

delkuf:
Do you attend winner

I'm a BELIEVER

delkuf:
Do you attend winner

No Bro. I'm just a BELIEVER.

delkuf:
Do you attend winner

No Bro. I'm just a believer.

This man is stupid... no offense