philips70:


Collection of loans has never been a problem. The problem we have had over the years is these loans end up in their pockets and projects abandoned. Imagine defence budgets ending in people's pockets whilst women and children are dying daily from BH bombings.

Merely seeing children of these government people driving super cars on the roads whilst you struggle with your small car if you have one should provoke you into annoyance. Sometimes you see them live in opulence and you are tempted to ask your parents questions of where were they when these guys were getting rich. Truth is, not every parent of those days was ready to soil their hands with public funds or other people's money. Nigeria economy is an economy flowing with so much illicit funds moving around in the hands of a privileged and daring few.

bukster:

Coal is a cheap source of electricity but it causes too much pollution and destroys the ozone layer. Many countries are actually now turning away from it. If you want your grandchildren to actually be able live comfortably on earth in 100 years time, you wouldn't be suggesting it.

This is how Beijing looks because of coal

porshuch:
Babangida ruined that Ajaokuta steel company. You can imagine a steel company almost 95% completion is now a thick forest. SMH

Karlovich:
What about the coal deposits in the east that could be used to generate electricity as well, dullardinhho has abandoned the east, he's a joker

KHAYGOLD:

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

Femidigirits:


Last time they said they will fix the refineries.
What do we have today ?
APC knows Nigerians believe lies easily so they deceive them with "proposed" good news.
Let the project be at least 10percent completed before you rejoice.

nextstep:
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***

Karlovich:
What about the coal deposits in the east that could be used to generate electricity as well, dullardinhho has abandoned the east, he's a joker

chukxie:


Generating electricity through the burning of coal is harmful to humans and our environment. I'm sure you know.

jane0000:
Lord pls protect my president and give him Long life. God blss me and my family too n every nairalander.

texazzpete:


All the entrepreneurs and governors in your area could not come up with a plan to harness these resources and you're there dreaming of Biafran prosperity.

You sound like someone who is under family curse

Horlufemi:


Climate change oga.

May God bless.

nextstep:
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***

fistonati:
Shame on babangida, Obasanjo and all d past leaders for failing to put ajaokuta to operation when in govt.

Scholes007:
Nice one. Hope the loan doesn't have strings attached to it

braine:
Nice! Nigerians should be patient. Baba will lead this country to greatness. Wailers will be shamed in the end.

menix:
This means our lights won't last...

Nothing of China Last, u can ask the poster below me to show you his shoes..


End Time Financing..

fistonati:
Shame on babangida, Obasanjo and all d past leaders for failing to put ajaokuta to operation when in govt.

janellemonae:


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.