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Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 5:29am On Apr 15, 2021

Theoutsider:
So china is not building railway and roads... Hahahaha god damn. are you a kid?

Those are CONTRACTS, signed with the Nigerian government.

They build, we pay with our own money.

They can part fund the projects, but we pay the debt.

That is not Chinese ''investment''.

Investment does not require the nation being invested in to repay anything. It is not contracts.

The investor is merely taking a chance, and sets up HIS business in your country, with the hope of making a profit, because he sees that you have a buoyant market that can support his business idea/venture.

If his business fails, he packs and leaves. You don't owe him anything.

Dangote building a cement plant in Tanzania for 100 million dollars does not mean Tanzania owes Dangote 100 million dollars.

If the company fails, he packs and leaves.

My goodness.

1 Like

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 5:25am On Apr 15, 2021

Theoutsider:
You really do have a single digit IQ

That debt has been paid off since 1947 clown

I know that, you dunce. But that is an awful amount of money which would long ago have established Haiti as a fully developed nation.

They had to pay that amount for 122 years, what amounts to trillions of dollars in todays's money.

''The Haiti indemnity controversy involves an 1825 agreement between Haiti and France that included France demanding a 150 million franc indemnity to be paid by Haiti in claims over property – including Haitian slaves – that was lost through the Haitian Revolution in return for diplomatic recognition.[1] The payment was later reduced 90 million francs in 1838, comparable to US$21 billion as of 2004)

It took until 1947 – about 122 years – for Haiti to finally pay off all the associated interest to the National City Bank of New York (now Citibank).

https://en.wikipedia.org/wiki/Haiti_indemnity_controversy

France and the west should PAY BACK THAT MONEY TO HAITI.

Haiti is owed a minimum 3 trillion dollars in today's money.

1 Like

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 5:20am On Apr 15, 2021*

Seniorwriter:
Still you lack the ability to comprehend hence those questions you are asking !
FDI can be in procurement of assets, resources or infrastructures!
Hence looting can be initiated by then.
Deep Quote
Ability to read & comprehend is a superpower

@Seniorwriter

You are ignorant.

No country invests in another country's infrastructure.

It doesn't work like that.

FDI means an investor will come in and build one or more factories and/or service companies that are OWNED by the investor.

What the recipient country benefits is the employment generated by the company's operations, and the corporate tax the company pays.

The recipient country does not at any point control or own the investment funds of the investor.

So there is ZERO opportunity for the investor's money to be embezzled by government officials.

It is like you entering Ghana with 5 million naira to build a factory or something there.

How will the Ghana govt collect your money and chop it?

Don't you people have common sense?

This is stuff you explain to toddlers, not grown adults.

Tufiakwa.

4 Likes 1 Share

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 5:13am On Apr 15, 2021

Ahmerdibnz:
Dem go thief $4.99 billion and use 0.01 for the nation

Chei... Another school dropout talking rubbish..

1 Like

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 5:07am On Apr 15, 2021

obalize:
Qatar?
Which investment of $5billion?
Who made Geoffrey Onyema investment champion?

Another useless post meant to deceive the gullible.. Investing $5billion in the midst of insecurity and corruption at it's very highest point in Nigeria, thanks to Baba Go Slow.

That money will end up in private pockets of Northern Politicians..

FDI (meaning foreign direct investment) does NOT go into government coffers!!!!!!!

Tufiakwa.

Ok, Dangote is a foreign investor in Tanzania.

He is investing 100 million dollars in building a cement plant in Tanzania.

That company will be called Dangote Cement Tanzania, Ltd.

Tell me. How will the Tanzanian govt chop that 100 millIon dollars even if they wanted to?

I mean, you people are incredibly ignorant.

You don't even know what foreign investment means.

DAMN.

Moderators, this is embarrassing.

Why did you put this thread on front page?

You should have just left it in the Politics section where we have slightly more intelligent and informed people.

This is too embarrassing and disgraceful.

5 Likes 2 Shares

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 5:02am On Apr 15, 2021

Theoutsider:
Ok so where are the billions of dollars put into Haiti from the world bank, unicef, and dozens of other organization. Its hilarious watching a clueless person school another.

Which billions of dollars were given to Haiti?

Are you aware that Haiti has had to pay 85% of its annual revenues to France as compensation to France for its 'loss of territory' since the mid 19th century?

Are you aware that the US has orchestrated not less than three military coups in Haiti, removing progressive leaders to install dicators like Papa Doc Duvalier?

What has Haiti got to do with THIS topic, which deals with business investment and not foreign aid?

Can your tiny brain not distinguish between aid and investment?

The education standards in Nigeria have dropped terribly I must say.

I knew the difference between aid and investment right from Form 2 in secondary school.

Disgusting and pathetic.

4 Likes 1 Share

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 4:51am On Apr 15, 2021*

ParkleElegant:
I no even bother to read am, cause I know that even before the money land Nigeria,it has already being shared

Damn. Another one who thinks foreign investment gives govt officials money to loot.

Who will educate these illiterates pls?

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 4:38am On Apr 15, 2021*

Seniorwriter:
Stop exhibiting your toxic ignorance on a public space like Nairaland!
Looting can occur @any point of the investment procedure!...or do you think all the looting of foreign aids and investment ventures were done at the very inception time?
Deep Quote
Ability to read & comprehend is a Superpower!

@Seniorwriter

Kai...Illiteracy.

What ''foreign aids'' are you referring to?

(I think he meant 'foreign aid'. Maybe he has AIDS.)

What ''investment ventures'' are you referring to? Care to be specific?

Of course you cannot be specific. Because there is nothing in your air head but blind loathing, ignorance and blame.

Go and educate yourself as to what foreign investment entails. You are an embarrassment.

7 Likes 1 Share

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 4:27am On Apr 15, 2021

techmo:
We and Qatar sell the same Oil, only difference is Qatar Government invest aggressively with their Oil income and spend the proceeds of the investment, while in Nigeria we don't invest, 200 million people just want to spend 2.3mb crude revenue

Stop talking ignorant rubbish.

Qatar produces nearly as much oil per day as Nigeria, and her population is only 2.8 million people, less than the population of Surulere.

She has far more money to invest in any and everything than Nigeria, which has to use the same amount of money to cater for 210 million people.

Don't use your brain before criticising, you hear? After all it is only there for decoration.

https://en.wikipedia.org/wiki/List_of_countries_by_oil_production

6 Likes

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 4:20am On Apr 15, 2021

Seniorwriter:
Investment Funds to be looted by this Clueless bunch of present administration! SMH
We need a paradigm shift in our leadership sphere....a young visionary leader to take us there!

Proactivity Leads To Productivity!
@Seniorwriter

Go and get an education. Illiteracy is your problem.

Foreign investment does not provide funds to be ''looted'' by politicians.

Investment is about building companies and businesses within the private sector by the investor, not giving money to the government or to politicians.

Tufia.

You spend years going to school yet you still reason like a donkey.

18 Likes 5 Shares

Politics › Re: Lagos - Calabar Coastal Rail Construction Must Start THIS YEAR - Buhari by Rossphinki: 2:09am On Apr 15, 2021

Scream:
SMH...read again before you struggle to earn your pay. "I HOPE it will not be LIKE..."

Meanwhile, how many years has it taken the almighty Federal Government to complete the Lagos-Ibadan expressway?

Come on shut up. Even when they complete it will you acknowledge it?

Will your perennially disgruntled head not look for the next uncompleted project to wave in our faces?

For your type, nothing is EVER enough, because If you run out of people and things to criticise, you will be forced to confront the real problem in your life. YOU.

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 1:36am On Apr 15, 2021

limeta:
As long they not investing in boko haram or Islam but again what their interest

Which one is to ''invest in Boko haram and islam'' again?

Some of you on this forum are just ....weird.

18 Likes 1 Share

Foreign Affairs › Re: Shocking Video Showing That Apartheid Is Still Alive In South Africa by Rossphinki: 1:25am On Apr 15, 2021

Pierocash:
The whites can't be as wicked as the fulanis we are facing in Nigeria here. I will prefer a white south African in Nigeria here far above this fulanis

You are seriously DUMB and ignorant.

Have you actually studied apartheid and what happened in South Africa?

Of course not.

All you see is white skin which you've been brainwashed to worship like a cursed dunce.

Mumu talking rubbish.

Properties › Re: World's Most Expensive House 'The One' In Bel Air, Los Angeles (Pictures) by Rossphinki: 1:10am On Apr 15, 2021

Topmaike007:
God I want this type of vanity in my life

Low IQ reasoning.

You will be bored in that place after 1 year or less.

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 1:02am On Apr 15, 2021

^^ Maybe I misunderstood your first post. Apologies.

Politics › Re: France Says - ''We're Desperate To Do Big Business With Buhari's Nigeria'' by Rossphinki(op): 12:58am On Apr 15, 2021

heendrix:
Nothing is holding back Infact I'm doing just great being in Nigeria than I'll do anywhere in the world. you really seem to have problems with reading and comprehension and ion know what typa frustration ur dealing with atm but I'll tell ya what ya need to hear. I can't help you

Perhaps I misunderstood your first post. Apologies.

Politics › Re: France Says - ''We're Desperate To Do Big Business With Buhari's Nigeria'' by Rossphinki(op): 12:46am On Apr 15, 2021*

heendrix:
Maybe censor are done daily in Nigeria

Politics › Re: Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 12:43am On Apr 15, 2021*

Good development.

I wonder why Qatar didn't invest that 5 billion dollars in Ghana, instead of Nigeria, since according to mumu Nairalanders, Ghana is 100 billion times better than Nigeria.

Awon werey.

43 Likes 1 Share

Politics › Re: France Says - ''We're Desperate To Do Big Business With Buhari's Nigeria'' by Rossphinki(op): 12:40am On Apr 15, 2021*

heendrix:
Meanwhile Nigerians are running away from Nigeria in droves like cows without Shepard....all we can do for em rn is shake my head in pity

Who is running away? The country's population is still 210 million last time I checked.

By the way, Indians, Lebanese, Chinese and Europeans travel all over the world for business and work, but no one says they are ''running away'' from their countries..

1 Like

Politics › France Says - ''We're Desperate To Do Big Business With Buhari's Nigeria'' by Rossphinki(op): 12:28am On Apr 15, 2021

Nigeria: France looking for reset in relationship with Africa, says minister

By Ruth Olurounbi, in Abuja
Posted on Wednesday, 14 April 2021

Paris is working on a new, and fairer way to engage with Africa, especially as it looks to expand its bilateral relationship with Nigeria - the biggest economy on the continent, says Franck Riester, France's minister of foreign trade and attractiveness, in an interview from Abuja.

African Economic giant: Lagos, Nigeria
https://umaizi.com/wp-content/uploads/2019/06/Lagos-Skyline.jpg

France’s President Emmanuel Macron did an internship in Nigeria at the turn of the century; and he appears determined to stay engaged with the country – an official visit in 2018 was marked with a trip to a famous Lagos nightclub.

But while culture does count, economic diplomacy remains the heart of the affair. There have recently been a flurry of Franco-Nigerian activity:

- In 2020, French energy company Axens signed a deal to help on the multibillion-dollar refinery being built for Nigeria’s BUA Group in 2020.

- French oil giant Total’s Egina platform, a 200,000 barrel-per-day facility, began production in December 2018.

- France is also the second-largest bilateral creditor to Nigeria, after China, through the Agence Française de Développement. It has invested more than €2bn ($2.4bn) in the past 10 years, financing 35 development projects, according to government officials.

Riester, France’s minister of foreign trade and attractiveness, says in an interview with The Africa Report in Abuja that he wants to see “more partnerships between our two countries, more French companies investing here, more Nigerian companies to invest in France and more exports and imports between our two countries.”

Solidifying ties

Riester was in Abuja and Lagos as part of a two-day visit to Nigeria on 13-14 April. He met with his counterpart, Nigeria’s minister of industry, trade and investment Otunba Niyi Adebayo, along with representatives of Fanmilk/Danone, CFAO, Spie, Biogaran and Vinci Energies.

In Lagos, he met the members of the Franco-Nigerian Business Dialogue, including its president, BUA Group chairman Abdul Samad Rabiu, Access Bank managing director Herbert Wigwe and Dangote Group chairman Aliko Dangote.

The minister also visited the Bolloré-run Tin Can Island port concession, as well as the Eko Atlantic City project.

The visit was an attempt to build on the priorities set by President Macron during his official visit to Nigeria in July 2018. It was also a sign of Paris’s “willingness to change the narrative of the relations between Africa and France”, says Riester.

Investment Magnet: Abuja Nigeria
https://www.truenews.ng/wp-content/uploads/2018/09/abuja.jpg

Nigeria is France’s top commercial partner in sub-Saharan Africa, with bilateral trade between the two countries nearing $5bn in 2019. With the advent of the coronavirus pandemic, that figure fell by $2.3bn in 2020, according to Riester. He says wants a win-win situation where Nigerian companies can set up in France, just as more than 100 French companies have done in Nigeria.

''We want to invest all over Nigeria, not only in Lagos or Abuja. Nigeria is a huge market,” says Riester.

“Nigeria is like a big pot, with so many opportunities. It is just left for you to decide where you think you can bring value,” said Rivers State governor Benedict Ayade. He is keen on having processing factories, especially chocolate factories, in his state.

Choosing partners

With ongoing strong global competition for contracts in Nigeria from countries such as the US and China, Riester sees French companies supporting Nigerian companies’ growth and expansion as a key advantage.

Nigeria’s BUA Group inked a contract with France’s Axens for a new refinery project last year. The agreement was sealed in Paris between BUA Group chairman Rabiu, and the CEO of Axens, Jean Sentenac, after Axens won a contract to license key refinery technologies to BUA Group.

https://www.theafricareport.com/80022/nigeria-france-looking-for-reset-in-relationship-with-africa-says-minister/

Politics › Qatar To Invest $5 Billion In Nigeria's Economy by Rossphinki(op): 12:11am On Apr 15, 2021

Nigerian economy to be boosted by $5 billion investment by Qatar

The FG has disclosed that the Middle-East nation of Qatar is set to invest in the Nigerian economy the sum of $5 billion.

The Federal Government has said that the oil-rich state of Qatar plans to invest $5 billion in the Nigerian economy.

According to a statement by the Deputy Director of Information, State House, Mr Abiodun Oladunjoye, this disclosure was made by the Federal Minister of Foreign Affairs, Geoffrey Onyema, while speaking at a farewell dinner in honour of Nigeria’s Ambassador-designate to the state of Qatar, Ambassador Yakubu Ahmed, who is also the outgoing Director of Protocol at State House.

Onyeama said that there had been discussions with Qatar on partnership with Nigeria’s Sovereign Wealth Fund, for significant investments in the region of $5 billion in the Nigerian economy.

He said, “Qatar is a weighty and strategic country and very strategic in that part of the world and we are putting our best feet forward to advance the interest of our country economically and in other areas.”

The Foreign Affairs Minister had recalled that President Buhari visited the State of Qatar in 2016 and the Emir of Qatar, His Highness Tamim Bin Hammad Al-Thani reciprocated with a State visit in 2019.

What this means

This is going to be a huge boost to Nigeria’s drive for foreign investment and help significantly in the country’s push for economic development.

Qatar which has a very high Human Development Index (HDI) is regarded as the world’s third-largest natural gas and oil reserves with a population of about 2.8 million people as of 2019.

Investment Champion: Geoffrey Onyema, Minister of Foreign Affairs, Federal Republic of Nigeria
https://upload.wikimedia.org/wikipedia/commons/7/72/Geoffrey_Onyeama_Minister_for_Foreign_Affairs_of_Nigeria.jpg

The investment by the wealthy Middle East country will add to Nigeria’s diversification efforts as such investments are expected in the area of oil and gas, manufacturing, power/utilities and so on.

https://nairametrics.com/2021/04/13/nigerian-economy-to-be-boosted-by-5-billion-investment-by-qatar/

3 Likes

Politics › Re: Twitter: Why We Chose Ghana Over Nigeria, Others by Rossphinki: 12:04am On Apr 15, 2021

Outside Accra, what is in Ghana? NOTHING.

Even the Accra sef, outside their city center, it's just basic environment. Nothing special.

Many many streets in that city are untarred.

Their second city, Kumasi, is around the same level of development as Aba.

Go there and see.

Why won't they have constant light (sort of), when they only have one or two cities to power?

Abeg make we hear something.

1 Like

Politics › Re: The Future Of Africa? Seven Times Ghana Has Beaten Nigeria To The Prize by Rossphinki: 12:01am On Apr 15, 2021

Truthteller2020:
My brother go to Ghana and see..I have traveled to many places in Ghana,and when I see most people praising Ghana online I just can't help but wonder if it's the same Ghana I know.a bottle of water in Ghana is sold for 200 naira equivalent.Butin Nigeria it's 70 naira..The cheapest price you can buy 1999 Camry in Ghana is 3 million naira, whereas in Nigeria you can get it for less than 2 million..The 2 example are just too show you how messed up the economy is..I need Ghana here to counter my claims with facts.

Don't mind these ignorant folks.

Outside Accra, what is in Ghana? NOTHING.

Even the Accra sef, outside their city center, it's just basic environment. Nothing special.

Many many streets in that city are untarred.

Their second city, Kumasi, is around the same level of development as Aba.

Go there and see.

Why won't they have constant light and 80% electricity access when they only have one or two cities to power?

Abeg make we hear something.

4 Likes

Politics › Re: Buhari Misrule Pushed Twitter To Locate African HQ In Ghana - PDP by Rossphinki: 11:54pm On Apr 14, 2021

PDP is the cause of ALL the problems we have in Nigeria today.

Buhari is just trying to resolve them.

PARTY OF CRIMINAL LOOTOCRATS.

Anyone who takes the words of those lootocrats seriously is a fool.

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