What if Nigeria is unable to pay back the trillions this government is borrowing? It'll be interesting to see how Africa goes through the second phase of recolonization. This time, not by Europeans but Chinese.

What did the Nigerian government use to secure the loan from the Chinese? This is the most important question Buhari should be telling Nigerians especially since Entebe Airport has been taken over by the Chinese

makemoneywbsite:
What if Nigeria is unable to pay back the trillions this government is borrowing? It'll be interesting to see how Africa goes through the second phase of recolonization. This time, not by Europeans but Chinese.

Why are you negative minded?
Why do you think Nigeria will not be able to pay back the loan they collected for infrastructures?
The infrastructures are the collateral for the collected loans.

Ammishaddai:
What did the Nigerian government use to secure the loan from the Chinese? This is the question Buhari should tell us

The data's are available on Internet, you can help yourself.

Ammishaddai:
What did the Nigerian government use to secure the loan from the Chinese? This is the question Buhari should tell us

maybe ass hole rock.

aremuforlife:

The data's are available on Internet, you can help yourself.

Zombism is very powerful

Wait, was there any part of these borrowed LOAN invested in SOUTH EAST, if not South East may be....

SW and the north are the major beneficiaries of the Chinese loan...even more than the SS region that has the resources to pay the loans. SE is is out of it all along. No investment there.

Train station in SW...from the Chinese loan.

So sad but it might happen, leadership isn't one of black mans strength

aremuforlife:

Why are you negative minded?
Why do you think Nigeria will not be able to pay back the loan they collected for infrastructures?
The infrastructures are the collateral for the collected loans.

Every borrower at the time they borrow tells the lender they have the capacity to pay. Some do it honestly without reckoning with unforeseen circumstances. Presently, Nigeria depends on oil and hardly has enough money to finance budgets. When you factor in increasing debt profile and the need to service those debt plus the fact that the country doesn't have an efficient debt management office, commonsense should tell you that in the event of an unforeseen circumstance such as increasing oil production by US or Russia, that the country may become another Venezuela. Are you aware that Venezuela is also a top oil producer? What infrastructure are you talking about? Is this country infra-structurally developed? I'm sure the Ugandan government claimed the money was for infrastructure as well. Africans and reasoning eh. Commonsense should tell you that when you do not have an elite economic team, that you should steer clear of borrowing since the possibility of defaulting would be high.

China may not take over South East when the time comes, if actually they Zone did not benefit from the Loan.

indemnityy:
China may not take over South East when the time comes, if actually they Zone did not benefit from the Loan.

That is wishful thinking. It shows that you do not understand the expansionist agenda of the Chinese. You can only equate it with Japan of 1940s.

makemoneywbsite:
What if Nigeria is unable to pay back the trillions this government is borrowing? It'll be interesting to see how Africa goes through the second phase of recolonization. This time, not by Europeans but Chinese.

Which country has China taken over?

makemoneywbsite:


Every borrower at the time they borrow tells the lender they have the capacity to pay. Some do it honestly without reckoning with unforeseen circumstances. Presently, Nigeria depends on oil and hardly has enough money to finance budgets. When you factor in increasing debt profile and the need to service those debt plus the fact that the country doesn't have an efficient debt management office, commonsense should tell you that in the event of an unforeseen circumstance such as increasing oil production by US or Russia, that the country may become another Venezuela. Are you aware that Venezuela is also a top oil producer? What infrastructure are you talking about? Is this country infra-structurally developed? I'm sure the Ugandan government claimed the money was for infrastructure as well. Africans and reasoning eh. Commonsense should tell you that when you do not have an elite economic team, that you should steer clear of borrowing since the possibility of defaulting would be high.

Are you believing the fake news about China taken over in uganda?
Do you cross check to know what was going on?
China did not give Nigeria government any loan in cash but in project, that is what we need as a developing nation.
Do you have any idea on how we can finance the unavailable infrastructures in Nigeria?
Nigeria is still credit worthy, else we wouldn't have gotten any body to loan us.

We the youths are solidly behind our darling president