FrLukas:


I don't even know where to begin your own history lessons from.

I'll just give you a hint.

The history the white man has feed you with that your ancestors were tree-climbing monkeys is totally false.

Go do your own research.

Are you honestly searching for the truth or you want to just win an argument here?

Take your time and go through every single one of those videos.

You can come back and thank me later.



https://www.youtube.com/watch?v=CwaP1kyAqqo



https://www.youtube.com/watch?v=Akca0mUW2K0



https://www.youtube.com/watch?v=JRkaxf0Dwrs



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



https://www.youtube.com/watch?v=28ygekCHXwA

I don't have time to watch all those videos

Take it or leave it, the white man left some positive impacts

Again, until we stop blaming the next person for our failures as a people, we will keep living in cloud cuckoo land

Over 100 years after amalgamation, Nigerians are still living with tribalism, nepotism, corruption and hate but will always be quick to call the white man a racist.

Hypocrisy is a Nigerian

FrLukas:


Yeah.

And Nigeria is building rails and roads and airports in China too and giving China huge humongous loans, right?


Oh btw, what happened to those Chinese men that were illegally mining gold in Osun state of Nigeria?

Have you heard anything about them again?

Have they been charged to court?

Have they been deported?

My best bet is they have been released, and given military escorts to go back and continue their illegal mining.

Have you seen how the Chinese treat any African "suspect" in their country?

The Chinese have nothing to do with what you just stated. Those are the outcome of Nigeria's shitty society where anyone can buy their way out of anything. You even pay for job slot in this shitty country. Merit has gone to the dogs. How is that the Chinese man's fault? When you go to any society, you adapt to the society.

Chinese people cannot live in Nigeria if they are denied visa. No noncitizen of Nigeria can. Your borders will always be yours to control. Nothing can change that. Take responsibility. No one can land a plane in Nigeria or berth a boat without clearance from the government. No amount of loan can change that. Even waiving of the sovereignty clause cannot change that. Everyone knows that except you.

youngsahito:
maintenance would be the problem of all this facilities now...

They will maintain it as long as PDP never return to power.

FrLukas:
[s][/s]

Just try to be listening to a good advice giving by elders. Ok?

FrLukas:


Even though I don't agree with them, I see your points.

People still don't understand the nature of the Chinese.

Most Nigerians would probably vote that China should come and colonize them if only they can have three square meals a day.

Remember what happened recently in the east? I forget the state. Where Chinese were lording it over the Nigerians working for them.

That's pre-intimacy. And they haven't even gotten to Nigeria yet o.

Do you know that the Chinese are in various locations in Nigeria ILLEGALLY mining our resources?

Just imagine what's going to happen when Nigeria defaults payment on those loans. And if there's one thing you can be sure of, it is that Nigeria WILL default on those loans.

How much is d loan self that Nigeria would not be able to pull from the reserves same way Obasanjo did to cancelled our debt during his tenure with assistance of then minister for finance, Madam Ngozi.

FrLukas:
[s][/s]

Just try not to be canceling a good advice giving by elders. Ok?

Asquare84:
This is really beautiful, God have started answering Nigeria prayers

j


You're definitely not informed or deliberately being silly. How is God answering Nigeria's prayer with this old model trains that cannot in any way compete with the modern trains being used in abroad?

heysquare:

How much is d loan self that Nigeria would not be able to pull from the reserves same way Obasanjo did to cancelled our debt during his tenure with assistance of then minister for finance, Madam Ngozi.

I hope this is sarcasm.

aremuforlife:


Every criminal activities carried out by any foreigners in Nigeria are been aided by the indigen.

China have been a blessing to us and not curse.

We have been collecting loan from the world bank, European union, IMF and so on but with out any meaningful project been executed

China loans for infrastructures are been handled by the givers of the loans and we are seeing the infrastructure been done, and not the one been commissioned on the paper.

The criminal activity in this case is colonialism via loans. The indigen in this case is the FG.

China being a blessing to us is like we being a fish swallowing bait set by China on a hook. Is the bait ... which is good for our health .... a blessing under such circumstances? We need to see what is attached to the bait before deciding if to swallow... if the bait is really a blessing. What are the loan conditions ?

The IMF....World Bank...European Bank etc.... are concerned about profit only.... being repaid tenfold or whatever.... not in control of assets... not in colonialism... not in land grabbing.... nor in exploiting resources. These are China's aim..... to aquire, occupy and control.... not to be repaid a hundredfold or whatever. In Chinese financed projects.... don't they bring as many as their own as possible?... even the wheelbarrow pusher?.... do they ever return to China when the project is completed? When you're eventually out numbered in your community you will be wondering how come? Loans from IMF etc that disappear... in the pockets of politicians..... indigen.... even if they buy land... the land and resources etc are still owned by Nigerians.... not foreigners. We have the power to remove such politicians from power... do we use it?.... or reinstate the same to continue stealing?

zz

Newboss:


The Chinese have nothing to do with what you just stated. Those are the outcome of Nigeria's shitty society where anyone can buy their way out of anything. You even pay for job slot in this shitty country. Merit has gone to the dogs. How is that the Chinese man's fault? When you go to any society, you adapt to the society.

Chinese people cannot live in Nigeria if they are denied visa. No noncitizen of Nigeria can. Your borders will always be yours to control. Nothing can change that. Take responsibility. No one can land a plane in Nigeria or berth a boat without clearance from the government. No amount of loan can change that. Even waiving of the sovereignty clause cannot change that. Everyone knows that except you.

You aren't really bright. No offense.

We are saying that your rabid politicians in Africa are selling your destiny to the Chinese, then you went and typed this?

Your government released Chinese criminals illegally stealing gold from you and future generations and destroying the environment and you are here typing crap.

Please just gently move along dear.

That's the main problem we have in this country

youngsahito:
maintenance would be the problem of all this facilities now...

SmartPolician:


I don't have time to watch all those videos

Take it or leave it, the white man left some positive impacts

Again, until we stop blaming the next person for our failures as a people, we will keep living in cloud cuckoo land

Over 100 years after amalgamation, Nigerians are still living with tribalism, nepotism, corruption and hate but will always be quick to call the white man a racist.

Hypocrisy is a Nigerian

Then don't quote me again until you find the time and the resources to watch the videos.

Is that a 5 star bar?Gej...sorry Buhari U tried,for only 5yrs,when PDP for 16yrs could show us a coach.

OPPPS:

All these half baked with access to internet. Do you believe the lies you heard on social media?
Do you know the contractual agreement in the loan? Or you are being silly as usual. Your Almighty US is indebted to the sum of $27.4 Trillion

Incurable stupidity is when you compare the United State government with any government in Africa.

Where do you people come from anyway?

Is today, World Stupid People's Day or something?

He's talking of contractual agreement like as if he was the one that drew up and typed the agreement.

The same way your foolish leaders in the House of Assembly wanted to smuggle mandatory vaccination for you clueless lots.

Abeg, miss me with your crap this afternoon.

Asquare84:
This is really beautiful, God have started answering Nigeria prayers

if only you know how much this administration have put you, me and our generation in messy debt you wont mention God in this matter atall

aremuforlife:
ķ
It's worth selling to any country that will speed up the infrastructural development of Nigeria. Nigeria needs infrastructure to drive industrialisation, we need to stop this negative mindset and focus on the positive side. America is the highest debtors in the world, the great Britain has debt exceeds 100% of their GDP.

"the great Britain has debt exceeds 100% of their GDP."

Oga give us the evidence of your quote above then we will believe you.

If not, stop trading in lies, because today is Sunday, and my pastor told me that all liars will end up in hell.

It's beautiful but give it another 3 years its gonna look awful. Maintenance is always an issue.

Asquare84:
This is really beautiful, God have started answering Nigeria prayers

lol for your mind

They need to ban dirty people from entering this train. Anybody who looks haggard, stinky and carry dirty loads should not be allowed or they just create a separate coach for all the dirty people to sit. If not they'll mess up the train.

JAMO84:
Since you can predict for the next 100 years, pls, give me the scores for man u vs Sevilla tonight, otherwise, I won't mark anything.

Go get a job.

FrLukas:


You aren't really bright. No offense.

We are saying that your rabid politicians in Africa are selling your destiny to the Chinese, then you went and typed this?

Your government released Chinese criminals illegally stealing gold from you and future generations and destroying the environment and you are here typing crap.

Please just gently move along dear.

You cannot be bright, even by mistake, if you mean any of the things you've stated on this thread. No reasonable mind conceives such. It's as horrible as racism. In your view, crime has a nationality. In your view, a Chinese man cannot become a Nigerian. In your view, a crime becomes an issue if a foreigner committed it. In your view, if a case didn't reappear on the media, then the case must have ended. You have been displaying so much bigotry and ignorance on this thread that I had to comment.

Educate yourself. You're no longer a kid.

[s]

Newboss:


You cannot be bright, even by mistake, if you mean any of the things you've stated on this thread. No reasonable mind conceives such. It's as horrible as racism. In your view, crime has a nationality. In your view, a Chinese man cannot become a Nigerian. In your view, a crime becomes an issue if a foreigner committed it. In your view, if a case didn't appear on the media, then the case must have ended. You have been displaying so much bigotry and ignorance on this thread that I had to comment.

Educate yourself. You're no longer a kid.

[/s]

This one is Chinese-owned already. You'll soon change your name to Chun Lee.

Please I take God beg you, don't quote me again.

I am allergic to what's oozing from your brain.

[/quote][quote author=membranus post=92884386]

"the great Britain has debt exceeds 100% of their GDP."

Oga give us the evidence of your quote above then we will believe you.

If not, stop trading in lies, because today is Sunday, and my pastor told me that all liars will end up in hell.

UK National Debt
19 June 2020 by Tejvan Pettinger
The UK national debt is the total amount of money the British government owes to the private sector and other purchasers of UK gilts.

In March 2020, UK public sector net debt was £1,950.1 billion (or 100.9% of GDP).
The impact of Coronavirus and emergency policy measures are likely to see an unprecedented rise in UK debt over 2020 and 2021.
Source: [1. ONS public sector finances,- HF6X] (page updated 19 June 2020)


Source: ONS debt as % of GDP – HF6X | PUSF – public sector finances at ONS

Budget deficit – annual borrowing
This is the amount the government has to borrow per year.

In 2018-19 net borrowing was £24.7 billion
Borrowing in the current financial year-to-date (April to May 2020) is estimated to have been £103.7 billion,
Public sector debt interest to revenue ratio (DIR) is 4.1% March 2019.
Forecast for public sector debt 2020-21 could be in region of £250bn – £350bn (preliminary estimates hard to judge because of Corona crisis)
How will Coronovirus affect the National debt?
GDP will fall at least 30% because of a nationwide shutdown, possibly more (OBR now predicting 35% fall). This will cause

Fall in income tax revenue, fall in VAT, fall in corporation tax and fall in excise duties
The government will have to spend more on:

Universal credit – benefits for unemployed, housing benefit, sickness benefit

The government have offered businesses loans of up to £350bn
The government has offered to pay 80% of annual salary for workers who are made redundant by corona recession (up to £25,000 a year). The IFS state if only 10% of workers are paid, it could cost the government in the order of £10 billion over three months. (IFS)
Increase in standard annual allowance in Universal Credit by £1,000 for one year.
Increase in housing benefits of up to £37 a week
Still need to find support for private renters and self-employed
Can the government pay for emergency measures?
In WWII, in one year, the government borrowed 27% of GDP, we are heading for a similar effect. The higher spending can be financed by

Increase borrowing – selling bonds to the private sector.
Central Bank creating money (printing money)
Tax rises/spending cuts (unlikely)
See: How can the government pay for emergency crisis spending?

Recent history of UK National Debt

net-debt--political-92-2019
After a period of financial restraint, from mid-1990s, public sector debt as a % of GDP fell to 29% of GDP by 2002.
From 2002 – 2007, national debt increased to 37% of GDP. This increase in debt levels occurred despite the long period of economic expansion; it was primarily due to the government’s decision to increase spending on health and education (see: Government spending in this period). There has also been a marked rise in social security spending.
2008-2015 – public sector debt has increased sharply because of:

2008-13 recession (lower tax receipts, higher spending on unemployment benefits) The recession particularly hit stamp duty (falling house prices) income tax and lower corporation tax.
These cyclical factors have also exposed an underlying structural deficit. (deficit caused by spending greater than tax, ignoring cyclical factors)
Financial bailout of Northern Rock, RBS, Lloyds and other banks.
From 2011-2015, the pace of increase in the public sector debt has slowed due to the government attempts to reduce the budget deficit. The government has announced strict spending limits.
2016-2019 – Net debt as a % of GDP was stabilised due to restraint on government spending. The government hoped debt as % of GDP would fall faster, but economic growth has been less than expected.
Comparison with other countries
Although 80% of GDP is high by recent UK standards, it is worth bearing in mind that other countries have a much bigger problem. Japan, for example, has a National debt of 225%, Italy is over 120%. The US national debt is close to 80% of GDP. [See other countries debt]. Also, the UK has had much higher national debt in the past, e.g. in the late 1940s, UK debt was over 200% of GDP.

History of national debt
Main article: History of UK national debt

uk-national-debt-since-1727-annotated

UK national debt since 1900

national-debt-1910-2019
Source: Reinhart, Camen M. and Kenneth S. Rogoff, “From Financial Crash to Debt Crisis,” NBER Working Paper 15795, March 2010. and OBR from 2010.

These graphs show that government debt as a % of GDP has been much higher in the past. Notably in the aftermath of the two world wars. This suggests that current UK debt is manageable compared to the early 1950s. (note, even with a national debt of 200% of GDP in the 1950s, UK avoided default and even managed to set up the welfare state and NHS. In the current climate, the UK would struggle to borrow the same as in the past. For example, private sector saving is lower, and the US wouldn’t give us a big loan like in the 1950s.

Debt reduction and growth
The post-war levels of national debt suggest that high debt levels are not incompatible with rising living standards and high economic growth.

The reduction in debt as a % of GDP 1950-1980 was primarily due to a prolonged period of economic growth.

See: how the UK reduced debt in the post-war period
This contrasts with the experience of the UK in the 1920s when in the post First World War, the UK adopted austerity policies (and high exchange rate) but failed to reduce debt to GDP. Debt in Post-First World War period.
Historical budget deficit

Annual borrowing since 1950

net-borrowing-55-14
Debt and bond yields
Bond yields reflect the cost of borrowing. Lower bond yields reduce the cost of government borrowing.

bond-yields-net-debt
Since 2007, UK bond yields have fallen. Countries in the Eurozone with similar debt levels have seen a sharp rise in bond yields putting greater pressure on their government to cut spending quickly. However, being outside the Euro with an independent Central Bank (willing to act as lender of last resort to the government) means markets don’t fear a liquidity crisis in the UK; Euro members who don’t have a Central Bank willing to buy bonds during a liquidity crisis have been more at risk to rising bond yields and fears over government debt.

See also: Bond yields on European debt | (reasons for falling UK bond yields)

Cost of Interest Payments on National Debt
uk-debt-interest-payments-total

The cost of National debt is the interest the government has to pay on the bonds and gilts it sells. In 2011/12, the debt interest payments on UK debt are anticipated to be £48.6 bn (3% of GDP). This is a sharp increase from two years ago, but still quite manageable. See also: UK Debt interest payments

As a % of GDP, debt interest payments are relatively low.

debt-interest-payments-percent-gdo

In 1985-86, debt interest payments reached 4.5% of GDP

Potential problems of National Debt
Interest payments. The cost of paying interest on the government’s debt is very high. In 2011 debt interest payments will be £48 billion a year (est 3% of GDP). Public sector debt interest payments will be the 4th highest department after social security, health and education. Debt interest payments could rise close to £70bn given the forecast rise in national debt.
Higher taxes / lower spending in the future.
Crowding out of private sector investment/spending.
The structural deficit will only get worse as an ageing population places greater strain on the UK’s pension liabilities. (demographic time bomb)
Potential negative impact on the exchange rate (link)
Potential of rising interest rates as markets become more reluctant to lend to the UK government.
However, government borrowing is not always as bad as people fear.

Borrowing in a recession helps to offset a rise in private sector saving. Government borrowing helps maintain aggregate demand and prevents a fall in spending.
In a liquidity trap and zero interest rates, governments can often borrow at very low rates for a long time (e.g. Japan and the UK) This is because people want to save and buy government bonds.
Austerity measures (e.g. cutting spending and raising taxes) can lead to a decrease in economic growth and cause the deficit to remain the same % of GDP. Austerity measures and the economy | Timing of austerity
Who owns UK Debt?
The majority of UK debt used to be held by the UK private sector, in particular, UK insurance and pension funds. In recent years, the Bank of England has bought gilts taking its holding to 25% of UK public sector debt.

overseas-holdings-percentage-debt-dmo

Overseas investors own about 25% of UK gilts (2016). See more at: Who does the UK own money to?

holdings-gilts-sector

More at: who owns UK debt?

Total UK Debt – government + private
Another way to examine UK debt is to look at both government debt and private debt combined.
Total UK debt includes household sector debt, business sector debt, financial sector debt and government debt. This is over 500% of GDP.Total UK Debt
Private sector savings

gross-saving

When considering government borrowing, it is important to place it in context. From 2007 to 2012, we have seen a sharp rise in private sector saving (UK savings ratio). The private sector has been seeking to reduce their debt levels and increase savings (e.g. buying government bonds). This increase in savings led to a sharp fall in private sector spending and investment. The increase in government borrowing is making use of this steep increase in private sector savings and helping to offset the fall in AD. see: Private and public sector borrowing

How to reduce the debt to GDP ratio?

Economic expansion which improves tax revenues and reduces spending on benefits like Job Seekers Allowance. The economic slowdown which has occurred since 2010 has pushed the UK into a period of slow economic growth – especially if we consider GDP per capita growth. Therefore the further squeeze on tax revenues has led to deficit-reduction targets being missed.
Government spending cuts and tax increases (e.g. VAT) which improve public finances and deal with the structural deficit. The difficulty is the extent to which these spending cuts could reduce economic growth and hamper attempts to improve tax revenues. Some economists feel the timing of deficit consolidation is very important, and growth should come before fiscal consolidation.
See: practical solutions to reducing debt without harming growth


https://www.economicshelp.org/blog/334/uk-economy/uk-national-debt/#:~:text=The%20UK%20national%20debt%20is,or%20100.9%25%20of%20GDP).

zz

codemaniacs:


a percentage from the profits or losses will be used to repay the loans.

for example, the train projects are like toll roads in lekki, thousands of Nigerians pay to use the trains and as long as the trains and rail tracks functions smoothly a percentage of the profits from the thousands of Nigerians paying to use the trains will be paid to c:hina monthly or yearly as long as the profits are not misappropriated.

Nigeria also have cement, bitumen, coal, crude oil, golt, e.t.c. that they can use to pay back the loans as long as its not misappropriated.

As long as the profits are not misappropriated.

Why do you think China is targeting African countries?

I think we have concluded this discussion.

C'est finis.

joelbooks:
Interior of Lagos Ibadan TRAINS acquired by Buhari Govt
https://mobile.twitter.com/DeeOneAyekooto/status/1294901517259079680

https://www.youtube.com/watch?v=1oIzE7j6orE

Na all these Aboki go spoil this good infrastructures, if you have witness them or you have had privilege to travel by train to the north before, you will understand what I am saying.

Xclusivedaniel6:


if only you know how much this administration have put you, me and our generation in messy debt you wont mention God in this matter atall

The loan it self service which means money from the train service will be use to offset the loan. Only abuja-kaduna train generate more than 100 million in a month