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China To Finance Nigeria's Abandoned Electricity Project - Politics (5) - Nairaland

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Re: China To Finance Nigeria's Abandoned Electricity Project by DedeNkem: 12:50am On Dec 05, 2015
Invest in Solar!!!
Re: China To Finance Nigeria's Abandoned Electricity Project by sweatlana: 3:55am On Dec 05, 2015
And the promises continue...

Talk is cheap!
Re: China To Finance Nigeria's Abandoned Electricity Project by Nobody: 5:49am On Dec 05, 2015
Dedetwo:
It is funny that a Chinese President is the person to inform a Nigerian president that a project in Nigeria should be revived. What a silly joke. Nigeria is riddled with dishonesty and sectional wickedness. It is unacceptable to have all the huge hydroelectric dams in northern region of Nigeria. For any progress to begin to see daylight in Nigeria, all the economic infrastructures in Nigeria must be equitably distributed. If a country such as USA has concentrated all of its economic infrastructures in one region, the country should be economically anemic. No wonder certain people want out of the country.

All the gas turbines are in the south. What is your point?

1 Like

Re: China To Finance Nigeria's Abandoned Electricity Project by jane0000(f): 9:02am On Dec 05, 2015
amiskurie:
Oshe fine girl
Thank u sir.
Re: China To Finance Nigeria's Abandoned Electricity Project by jane0000(f): 9:03am On Dec 05, 2015
henryhemon:

Hi.
Hi
Re: China To Finance Nigeria's Abandoned Electricity Project by jane0000(f): 9:06am On Dec 05, 2015
dokunbam:



Amen too that

Someone with a good heart will pray for his/her country, the leaders and his/her fellow citizens.

I admire your
patriotism.

If we all can wish this country the best, this county will be a better place for us

There will be no corruption, killing, raping etc

God bless Nigeria
God bless our leader with wisdom to push this nation forward.
God bless me, my family and my fellow Nigerians
That's right sir.
Re: China To Finance Nigeria's Abandoned Electricity Project by kettykings: 9:09am On Dec 05, 2015
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***

This is what we got when a lawyer was appointed minister for power.
Re: China To Finance Nigeria's Abandoned Electricity Project by osystein(m): 9:30am On Dec 05, 2015
Lets hope this time round, the investments put into power generation will yield fruit.
Re: China To Finance Nigeria's Abandoned Electricity Project by Nobody: 10:09am On Dec 05, 2015
persius555:
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.

Not funded with Chinese company! Ethiopians made it by their selves, collect all the $billion from ethiopian citizens and Diasporas! non of the coin is from foreigners or foreign countries. Please Please! stop talking about things that you are not sure of!!!! We send A to the text line 8100 and we get charged with 3ETB. and all that money from the text line will be used only for the dam, and if ur lucky, u could get some prizes like car or whateva (like a lottery)

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Re: China To Finance Nigeria's Abandoned Electricity Project by aleshiko: 10:26am On Dec 05, 2015
Mr President BUARI, Allah will help u to put things right in this great Nigeria.
Re: China To Finance Nigeria's Abandoned Electricity Project by amiskurie(m): 10:47am On Dec 05, 2015
jane0000:
Thank u sir.
Yes ma smiley
Re: China To Finance Nigeria's Abandoned Electricity Project by COMPAQ(m): 12:14pm On Dec 05, 2015
EUROBOMBER:
This is great news for our nation, fix power and 70% of our problems are over.

More power to ya elbow president Buhari.

Nigerians are behind you.

God bless Nigeria.


Not quite right! Even after power we still have many many issues to deal with.
Re: China To Finance Nigeria's Abandoned Electricity Project by henryhemon(m): 8:05pm On Dec 05, 2015
jane0000:
Hi

You got any contact?
Re: China To Finance Nigeria's Abandoned Electricity Project by dokunbam(m): 5:42am On Dec 06, 2015
jane0000:
That's right sir.
Yea cool Keep it up

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