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Nairaland Forum / Nairaland / General / Politics / China To Finance Nigeria's Abandoned Electricity Project (31783 Views)
45 Years After, Fg Moves To Complete Mambilla Electricity Project / Obaseki Commissions Electricity Project In Benin / Photos: Aliko Dangote Promises 24hr Electricity Project In Lagos (2) (3) (4)
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Re: China To Finance Nigeria's Abandoned Electricity Project by erico2k2(m): 4:04pm On Dec 04, 2015 |
philips70:My point still, we should forget loans cos the thieving people are still in power, not until we develop an effective mechanism of using the loans for just reasons.Or how I wish these loans would come in form of infrastructure and not physical cash. |
Re: China To Finance Nigeria's Abandoned Electricity Project by erico2k2(m): 4:06pm On Dec 04, 2015 |
bukster:If you check that pic you will deduce where it was taken, The chinese are the biggest users of coal power in modern times, %80 of their energy needs comes from coal.Since 2001 the UK has built about 5 Coal power stations.Don't get deceived by these people with their climate change theory.These same people where teh ones who told us Diesel was a cleaner fuel to use and more environmentally friendly. this propmted teh govt to bring down the tax for cars using diesel.Now the govt just found out the truth and they are raising tax next year. 1 Like |
Re: China To Finance Nigeria's Abandoned Electricity Project by porka: 4:08pm On Dec 04, 2015 |
porshuch: Buhari abandoned it when he overthrew Shagari. Don't attempt to re-write history. 1 Like |
Re: China To Finance Nigeria's Abandoned Electricity Project by porka: 4:18pm On Dec 04, 2015 |
Lest we forget... Hydro-Electricity, Work to Resume on Mambilla Dam -Minister of Power http://www.nigeriaelectricityhub.com/?p=2274 Mambilla hydro project hits security, logistical snag http://sweetcrudereports.com/2015/02/18/mambilla-hydro-project-hits-security-logistical-snag/ |
Re: China To Finance Nigeria's Abandoned Electricity Project by KHAYGOLD(m): 4:34pm On Dec 04, 2015 |
Karlovich:You only think like a chicken. What did the previous administration do about it? The fact he's not your tribesman doesn't mean you should always discredit is effort. Grow up man |
Re: China To Finance Nigeria's Abandoned Electricity Project by erico2k2(m): 4:36pm On Dec 04, 2015 |
KHAYGOLD:But the guy has a point, we can do with coal mines/power stations in the East to power that region.I really do not see anything wrong with his quest. 1 Like |
Re: China To Finance Nigeria's Abandoned Electricity Project by porka: 4:42pm On Dec 04, 2015 |
Femidigirits: You are right. There's a correlation between the collapse of the real economy and fast rising 'lotto' trade. Many APC followers enjoy magic and lies.. 2 Likes |
Re: China To Finance Nigeria's Abandoned Electricity Project by nextstep(m): 4:43pm On Dec 04, 2015 |
Nice one for China: 1. stimulate Chinese economy by providing jobs to their industries 2. give a loan to Nigeria, which will be paid entirely back to Chinese companies 3. get the loan back (principal) 4. earn interest on the loan. Let's see what Nigeria gains: 1. a power plant that might stimulate industry, but more likely just stimulate more consumption 2. no new jobs are created in Nigeria 3. plant won't be maintained so that after 5-10 years, plant will not be functional or at 30% capacity 4. to rehabilitate or fix means we have to call our Chinese masters, instead of making spare parts locally 5. meanwhile, we've paid for a huge loan, and interest on top that will finance China's economy. There are many capable Nigerians, inside and outside Nigeria, we can call upon to lend their brains and their money to develop our country, yet we always turn outside. Is there any reason the gov't could not issue a bond to Nigerians and banks to finance this? Hydroelectricity is at least 100 year old technology. Is there any reason we can't teach people how to build dams? Wow. It's like we never really learn anything: we help develop French, American, British, German, Indian, Pakistani, and now Chinese economies and industries, and never learn to develop our own. I wonder which currently poor country we're going to give our money too in the next 15 years. ***sigh*** |
Re: China To Finance Nigeria's Abandoned Electricity Project by erico2k2(m): 4:58pm On Dec 04, 2015 |
nextstep:This was my point but U k now who know who thinks cos he is frm the North we do not like him and wont accept his proposals.I still think Govt should empower Engr on ground, we have capable hands. 1 Like |
Re: China To Finance Nigeria's Abandoned Electricity Project by chukxie(m): 5:04pm On Dec 04, 2015 |
Karlovich: Generating electricity through the burning of coal is harmful to humans and our environment. I'm sure you know. |
Re: China To Finance Nigeria's Abandoned Electricity Project by Hemjaybee(m): 5:20pm On Dec 04, 2015 |
nice buari ... keep going :Dnice buari ... keep going |
Re: China To Finance Nigeria's Abandoned Electricity Project by Nobody: 5:20pm On Dec 04, 2015 |
So individuals don't understand the intrication behind such voluntary help. |
Re: China To Finance Nigeria's Abandoned Electricity Project by sapientia(m): 6:29pm On Dec 04, 2015 |
what is involved in the special loan pls And.. hope our own engineers will be involved and everything written in English |
Re: China To Finance Nigeria's Abandoned Electricity Project by Karlovich: 6:42pm On Dec 04, 2015 |
chukxie:ok thanks for the info |
Re: China To Finance Nigeria's Abandoned Electricity Project by amiskurie(m): 6:44pm On Dec 04, 2015 |
jane0000:Oshe fine girl |
Re: China To Finance Nigeria's Abandoned Electricity Project by Karlovich: 6:44pm On Dec 04, 2015 |
texazzpete:I'm not from the east, its your family members that are cursed beyond redemption 1 Like |
Re: China To Finance Nigeria's Abandoned Electricity Project by Karlovich: 6:45pm On Dec 04, 2015 |
Horlufemi:ok, thanks |
Re: China To Finance Nigeria's Abandoned Electricity Project by Achuwa1(m): 6:47pm On Dec 04, 2015 |
Who will service the loan for the rail project in the future ?,,we can't keep subjecting our unborn generation to financial slavery |
Re: China To Finance Nigeria's Abandoned Electricity Project by ichieoriginal(m): 6:56pm On Dec 04, 2015 |
Headlines like this I can't help but laugh ...lol..I love naija Mark this! In the next 50 years china neva still finish d work I love this country..smh |
Re: China To Finance Nigeria's Abandoned Electricity Project by Simuel: 6:58pm On Dec 04, 2015 |
Maybe Dangote have this money,and he is willing to invest,go to ask him ![]() nextstep: |
Re: China To Finance Nigeria's Abandoned Electricity Project by ginggerxy: 7:45pm On Dec 04, 2015 |
fistonati:wat abt buhari ![]() |
Re: China To Finance Nigeria's Abandoned Electricity Project by dacovajnr: 7:46pm On Dec 04, 2015 |
Scholes007:Nope just G-strings attached ![]() |
Re: China To Finance Nigeria's Abandoned Electricity Project by alexlife(m): 8:32pm On Dec 04, 2015 |
braine:we should be careful with China's long term strategic interest.... China is building its grip 2 power and trying to get all nations terribly indebted to them. US comes to mind |
Re: China To Finance Nigeria's Abandoned Electricity Project by Nobody: 8:42pm On Dec 04, 2015 |
menix: Ur truly so stupid. So u think china has power cuts like ur country? Dts d manufacturing centre of the world and has a population of over 1billion (10 times nigerias population) & still doesnt have power cuts. Too many dumb pple on nairaland. 1 Like |
Re: China To Finance Nigeria's Abandoned Electricity Project by Nobody: 8:47pm On Dec 04, 2015 |
fistonati: Obasanjo privatized it. It was reversed due to non performance. Its being privatized again. Dts d only solution. Our leaders are visionless, others are corrupt, more are educated illiterates, majority know nothing about how to run businesses. 1 Like |
Re: China To Finance Nigeria's Abandoned Electricity Project by menix(m): 9:18pm On Dec 04, 2015 |
janellemonae: I am silly that I know but is it wrong copying ur parents ![]() |
Re: China To Finance Nigeria's Abandoned Electricity Project by persius555(m): 9:53pm On Dec 04, 2015 |
The chinese are the only investors who will invest such funds in a country in africa. Buhari needs to solidify the bilateral and economic relationship between us and china. Not even america will invest in such project. UKs long abandoned steel industry is now being revived with chinese money. The biggest dam in africa(reconnaisance dam in ethiopia) was fundede with chinese money. Ethiopia has boosted their power supply with the completion of the hydro tubines. We cannot afford to ignore china. Even the american railway industry is receiving investment boost from china. 1 Like |
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