Walayi, African leaders and those that voted and keep them in place are not only greedy, they are stupid.

They got most of their population to believe development can only come from foreigners.

Is that how USA, China and Russia feed their population, develop and became nuclear power?

Africans want to be recolonized.

...and how were they able to repay the loan?

It hurts when the government and their lackeys keep telling us that we can't finance critical infrastructures without borrowing.

Bunch of privileged, over pampered people that couldn't be financially creative.

laiperi:
Walayi, African leaders and those that voted and keep them in place are not only greedy, they are stupid.

They got most of their population to believe development can only come from foreigners.

Is that how USA, China and Russia feed their population, develop and became nuclear power?

Africans want to be recolonized.

from Angola

They borrowed it from Zimbabwe.

USSR

Keep asking stupid questions.

You were encouraged to start producing ordinary rice for yourself, yet it appeared as if Buhari has ended the world.

Dey emigrated out of China to other countries mainly the US and made monies whixh were sent back to the country

Simplyleo:
Keep asking stupid questions.

You were encouraged to start producing ordinary rice for yourself, yet it appeared as if Buhari has ended the world.

is this y the idiot called buhari wants to steal money from dormant acts in guise of borrowing?

laiperi:
Walayi, African leaders and those that voted and keep them in place are not only greedy, they are stupid.

They got most of their population to believe development can only come from foreigners.

Is that how USA, China and Russia feed their population, develop and became nuclear power?

Africans want to be recolonized.

China used brutal suppression to force self reliance. They banned virtually all imports, including food. Millions starved. And their middle classes had to use bicycles for transport, right up till the early 2000s, as all vehicle importation was banned.

There was mass opposition to these draconian policies for which countless millions of people were killed, tortured, and jailed, and many are still incarcerated till today.

Plus there are no civil rights. No freedom of speech or assembly, and one-party rule by the Chinese Communist party is the law.

Are you ready to go through the 30 years of HELL the Chinese people went through to be self-sufficient? If not - and I know you're not - then kindly STFU and accept the use of development loans and foreign capital.

capatainrambo:
is this y the idiot called buhari wants to steal money from dormant acts in guise of borrowing?

Yes.

They borrowed from Nigeria.

Simplyleo:

Yes.

then shut your mouth when sane people re talking

Make reading an habit.

Google search 'Asian tigers'


Ordinary rice production, you people failed woefully, you made look as if pmb was knowingly punishing Nigeria. Now you're here asking silly question.

Clap for yourself.

So the Chinese went through 30 years of hell imposed by their leaders to become self sufficient and world power, eeh!

You went through how many years of slavery, how many years of colonial rule, how many years of Independece, how many years of military rule, how many years of Oddi, Zaki Biam, Beroni and Boko Haram massacre?

Las las you were one of the richest to attain the Poverty capital of the world.

These is what you got from comparing lack of freedom in China?

Buroda, think a bit nah.

rossoki:


China used brutal suppression to force self reliance. They banned virtually all imports, including food. Millions starved. And their middle classes had to use bicycles for transport, right up till the early 2000s, as all vehicle importation was banned.

There was mass opposition to these draconian policies for which countless millions of people were killed, tortured, and jailed, and many are still incarcerated till today.

Plus there are no civil rights. No freedom of speech or assembly, and one-party rule by the Chinese Communist party is the law.

Are you ready to go through the 30 years of HELL the Chinese people went through to be self-sufficient? If not - and I know you're not - then kindly STFU and accept the use of development loans and foreign capital.

Simplyleo:
Keep asking stupid questions.

You were encouraged to start producing ordinary rice for yourself, yet it appeared as if Buhari has ended the world.

when will you start making use of this brain what the Bleep gosh what type of person is this

China borrowed the money from United states via hongkong

Hongkong is where the Chinese government source funds from.

Also china was lucky that the United states shifted labour to china, if not china would have been poor till now

Africans want to be recolonized by CHINA.

laiperi:
Walayi, African leaders and those that voted and keep them in place are not only greedy, they are stupid.

They got most of their population to believe development can only come from foreigners.

Is that how USA, China and Russia feed their population, develop and became nuclear power?

Africans want to be recolonized.

Lol, you don't Kno how money borrowed by these countries work
For your information, China owes about CN¥ 39 trillion which is equivalent to about US$ 5.48 trillion which is about 40 percent of their gdp

And the United States owes the highest amount of money, they owe about $23.4 trillion which has almost reached their total gdp, infact, USA owe China about $1.1 trillion USD.

It's not like these countries would be forced to pay their debt, is more like an investment, when you profit from the money you borrow, you'll be paying the person you borrowed the money from little by little.

The total Nation debt of Nigeria as of 2020 is about $80 billion USD, it's little, but the issue is can the investments in Nigeria pay back little by little.


USA owes the highest money, they

from Nigeria.

Simplyleo:
Keep asking stupid questions.

You were encouraged to start producing ordinary rice for yourself, yet it appeared as if Buhari has ended the world.

With what seeds ? Seeds that can't produce 1 ton per hectare when others are producing 12

Did government force people to go into fish farming or poultry or cassava ?

Smh

Since they are a net exporter (they have a positive balance of trade), they have a current account surplus.

Once u have a current account surplus in your balance of payments, you have surplus money and are a net lender to d world.

The US has d largest current account deficit, hence they have the largest debt and, you guessed it, China is their largest lender.

Simplyleo:
Keep asking stupid questions.

You were encouraged to start producing ordinary rice for yourself, yet it appeared as if Buhari has ended the world.

sense really far from you. Produce rice and then let it be eaten by Demonic cows or be cut into half by bokoharam terrorist.

We have the same knowledge too which we need to develop. Check this video of making iron with 100% local African materials. Our schools and Universities should teach how to improve on our own technology which will allow for our own industrial revolution and will make us to be self sufficient.


https://www.youtube.com/watch?v=Hd4k6lb3O4E

Simplyleo:
Keep asking stupid questions.

You were encouraged to start producing ordinary rice for yourself, yet it appeared as if Buhari has ended the world.

Ordinary rice Kee u dia..
You will starve all of us to death because you want to sell your stone-rice? No other way to do it without starving everybody? You must defend your senile oga naah

Togo

These Nigerian Oxford, Cambridge, Wharton and Harvard educated economists fit turn man head upside down, I nor go lie.

China got money from Hong Kong, USA has the biggest deficit, China used forced labor.

Let me start by asking how much is workers paid in Nigeria, better than forced labor in China?

China got money from Hong Kong, really? Are you aware that China economy overtook dwarf Hong Kong years ago?

USA has the biggest deficit. True. But you are not aware that most of it is to Americans. Yes, China is their biggest foreign creditor followed by Japan and Europe.

If dem born China, Japan and European well, make dem demand!

Una think say dem be mumu Nigerian looters wey dey launder money anyhow? Dubai economy don collapse, all the big buildings are vacant, don default on their loans, yet their only investors are mostly Nigerians holding toilet paper they cannot redeem.

Go on MUMU, dey beat your chests and drive Nigerians further into porverty like debtor USA.

yes we can't borrow like the US because our macroeconomic outlook is not strong.

On the other hand, the US has a better economy plus, what for this, it has the number one reserve currency, the Dollar. The dollar ensure it will continue to receive investments, creditors are willing to lender. etc. This shows in its financial and capital account .

Another big question that determines your ability to repay debt is "what are you borrowing for"