Proffdada:
no conditions made you paranoid because you are criminal

jomoh:


No one is a fool here and they recognize the fact that one has to be weary of the Chinese loan but here are the real point the guy made to counter your Aunty you’re so much willing to lick her behind.

1. The only pitfall with Chinese loans is when you’re unable to pay back they takeover the project as their own(has happened in some other African countries) however, the infrastructure has been put in place and they won’t remove it.

2. The West don’t care if you use the loan for the purpose it is meant for. They don’t care if the money is embezzled or not. That is why they keep giving loans to corrupt regime of GEJ because they more you embezzle the more you’re unable to pay and the more enslaved you become.

3. The Chinese don’t deal with thieves, they put their money where their mouth is and make sure the loans are used for the purpose they’re meant for.

4. This is the most dangerous part of the western loan. The Chinese don’t require the government to retrench its civil Servants when they default or are unable to pay up. The West on the other hand as part of its loan conditions will require the government to retrench Ita civil servants.

The bottom line is that, everyone recognize that China is not Santa Claus but their intention is far more genuine and open than the west’s. Even the west recognize this and they fear China taking over but with lesser or no intention to enslave that is why they’ve being in a panick mode since the China-Africa summit.

They know their milking cows are about to be set free. If not when was the last time a British PM or a German chancellor or French President visited Africa let alone in the same year.

Unfortunately for them and fortunately for Africa, their leader(the US) is under the leadership of a mad man.

Lucid1:



You missed the part where Chinese loans must be used for what they’re taken for.

I think Chinese loans are better. We need to find out first hand from the federal government, what the terms and conditions of the loans are before supporting either of those Tweeters

SarcasticGenius:


The only term is that the money should be paid back. The Chinese have NEVER specified that loans given by them should be used for what they've been taken for. This is the biggest source of criticism that most development economists have with Chinese loans.

SarcasticGenius:


I'm sorry but both the young man and his supporters are missing the point entirely. IMF loans at interest rates of 0.75 with conditionalities of cutting down overbloated bureaucracy is much better than the Chinese loan of 3% interest rate with absolutely no strings attached.

Mr Somoye and his boot lickers also overlooked the fact that one of the key conditionalities of IMF loans is that you must account for how you spend it otherwise they won't give you anymore loans.

The Chinese are giving loans WITHOUT ANY CONDITIONS to our leaders and instead of being worried about this flagrant disregard for public accountability we are busy rubbishing the only person in the country who is speaking the truth.

You guys will suffer in the long run, mark my words.

The Chinese are giving your government loans WITH ABSOLUTELY NO CONDITIONS. A government that has no track record of accounting for how it spends money. That means that even if the money is embezzled, the Chinese don't give a hoot as long as they have laid a trap for you and enslaved you as a perpetual debtor. You should be weeping, but instead you are shining your teeth like village illiterates. A reality check is coming.

centoke30:

She gave the guy what he needed which was silence after making her point. silence is the best answer for a fool and you don't expect her to banter words with him

SoNature:
I bet that most of you up there commenting had no idea what the guy is talking about.

You were impressed that he was flying figures around and that other commentators praised him

I know there are many senseless youths in this country, but please stop displaying your foolishness if you have no reasonable contribution to make

If u quote me, I won't reply you

obailala:
I think one point I've gathered from this argument is this; the Chinese give infrastructure and not money, and that already nullifies your argument.

You claim the IMF gives money and monitors what it's used for but the Chinese give without condition?... With all the IMF loans Nigeria and other African countries have received over the decades, how come we still struggle to point out the location of infrastructure these loans were used for?... Whereas on the other hand, the Chinese build infrastructure directly without handing cash over to our klepto leaders, in Nigeria today we can point out the functional Abuja to Kaduna rail, the Lagos to Ibadan rail, the negotiations for Mambilla are ongoing etc.

abdulrazak07:
Y didn't she reply him again?

Guess she didn't kn Wat she was talking abt or jst need attention of followers... Anyway she got one.

She better delete d post.

What her impact sef wen she was minister?

jomoh:
More...


Even Dr Joe Abah had to support Mr Somoyes argument.

centoke30:

She gave the guy what he needed which was silence after making her point. silence is the best answer for a fool and you don't expect her to banter words with him

deomelo:
Oby is basically a twitter troll and just like the other trolls and anti Nigerian elements, they always come up with ignorant rubbish and misinformation to justify their trolling ways with and to satisfy her troll followers.


God Bless that young man for lecturing that twitter troll.

stankezzy:
You can't compare chinese loans to western loan , Chinese loan is a welly packaged poison, forget about interest and enforcement , think about when u default or unable to pay , the west do nothing, they even have what they call debt relief or debt forgiveness which nigeria have benefited in during obasanjos time but chinese if u are unable to pay they take over your country, no mercy, go and ask Argentina, Philippines, costarica , Zimbabwe just to mention few , do u know that change of government in Zimbabwe was ordered by the Chinese , please don't drink a beautifully packaged poison, everything in this country must not be politics even when one is right

obailala:
I think one point I've gathered from this argument is this; the Chinese give infrastructure and not money, and that already nullifies your argument.

You claim the IMF gives money and monitors what it's used for but the Chinese give without condition?... With all the IMF loans Nigeria and other African countries have received over the decades, how come we still struggle to point out the location of infrastructure these loans were used for?... Whereas on the other hand, the Chinese build infrastructure directly without handing cash over to our kleptomaniac leaders; in Nigeria today we can point out the functional Abuja to Kaduna rail, the Lagos to Ibadan rail, the negotiations for Mambilla are ongoing etc.

After so many decades of enriching klepto leaders who in turn return the stolen funds to western banks, it's amusing that we still have Nigerians who still BELIEVE the IMF actually cares about how the loans they give to Africa are spent.

deomelo:
Oby is basically a twitter troll and just like the other trolls and anti Nigerian elements, they always come up with ignorant rubbish and misinformation to justify their trolling ways with and to satisfy her troll followers.


God Bless that young man for lecturing that twitter troll.

deomelo:
Oby is basically a twitter troll and just like the other trolls and anti Nigerian elements, they always come up with ignorant rubbish and misinformation to justify their trolling ways with and to satisfy her troll followers.


God Bless that young man for lecturing that twitter troll.

deomelo:
Oby is basically a twitter troll and just like the other trolls and anti Nigerian elements, they always come up with ignorant rubbish and misinformation to justify their trolling ways with and to satisfy her troll followers.


God Bless that young man for lecturing that twitter troll.

Sirjamo:
I know that Dr Oby knew that Chinese loans are far better than that of the IMF and World Bank, she was just looking for a way to discredit the Buhari government. Typical Igbo

4Play:


The IMF does not provide loans for infrastructure spending. IMF lending is to deal with emergency situations where a country is facing a balance of payments crisis and needs an infusion of foreign currency. These Chinese loans are not a substitute or alternative to IMF loans. The proper comparison would be with World Bank loans.

jomoh:


No one is a fool here and they recognize the fact that one has to be weary of the Chinese loan but here are the real point the guy made to counter your Aunty you’re so much willing to lick her behind.

1. The only pitfall with Chinese loans is when you’re unable to pay back they takeover the project as their own(has happened in some other African countries) however, the infrastructure has been put in place and they won’t remove it.

2. The West don’t care if you use the loan for the purpose it is meant for. They don’t care if the money is embezzled or not. That is why they keep giving loans to corrupt regime of GEJ because they more you embezzle the more you’re unable to pay and the more enslaved you become.

3. The Chinese don’t deal with thieves, they put their money where their mouth is and make sure the loans are used for the purpose they’re meant for.

4. This is the most dangerous part of the western loan. The Chinese don’t require the government to retrench its civil Servants when they default or are unable to pay up. The West on the other hand as part of its loan conditions will require the government to retrench Ita civil servants.

The bottom line is that, everyone recognize that China is not Santa Claus but their intention is far more genuine and open than the west’s. Even the west recognize this and they fear China taking over but with lesser or no intention to enslave that is why they’ve being in a panick mode since the China-Africa summit.

They know their milking cows are about to be set free. If not when was the last time a British PM or a German chancellor or French President visited Africa let alone in the same year.

Unfortunately for them and fortunately for Africa, their leader(the US) is under the leadership of a mad man.

SoNature:
I bet that most of you up there commenting had no idea what the guy is talking about.

You were impressed that he was flying figures around and that other commentators praised him

I know there are many senseless youths in this country, but please stop displaying your foolishness if you have no reasonable contribution to make

If u quote me, I won't reply you