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Nairaland Forum / Nairaland / General / Politics / China Plans To Scam Nigeria - Max Amuchie (34188 Views)
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China Plans To Scam Nigeria - Max Amuchie by ticker(m): 10:39am On Apr 14, 2016 |
China plans to scam Nigeria https://mobile.facebook.com/story.php?story_fbid=1052689368126246&substory_index=0&id=378378918890631&refid=7&_ft_=qid.6273342050025209960%3Amf_story_key.9015994599598537311&__tn__=%2As 76 Likes 13 Shares
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Re: China Plans To Scam Nigeria - Max Amuchie by Nobody: 10:56am On Apr 14, 2016 |
U are on point but we have to look at the positive side also 43 Likes 2 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by portside(m): 10:58am On Apr 14, 2016 |
Tell them ohhh, am very happy on this enlightenment with this I can boldly argue my points with some PMB loyalist who has been blinded by shame now but doesn't want to believe that PMB foreign trips are futile. 67 Likes 3 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by madenigga(m): 10:59am On Apr 14, 2016 |
China 3 Likes |
Re: China Plans To Scam Nigeria - Max Amuchie by SamuelAnyawu(m): 11:01am On Apr 14, 2016 |
We Igbos are okay with Buhari on this positive move 41 Likes |
Re: China Plans To Scam Nigeria - Max Amuchie by Scream(m): 11:05am On Apr 14, 2016 |
We should be happy that it is only scamming... They might even colonize us! We that squandered our opportunity to be a great nation. 76 Likes 3 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by Goke7: 11:07am On Apr 14, 2016 |
agreed, so what are the alternatives? We need to proffer solutions more these days than complain. But if its all about complain, then sorry op you've got no point 139 Likes 8 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by balash(m): 11:12am On Apr 14, 2016 |
Buhari and all those governors and reps that represented Nigerians including fashola and amaechi are illetrates and not smart enough to look at the future issues this loans and contracts would bring forth? This people are old enough to be your father, inshort they can give birth to you, and u beleive they are so daft huh? You youths of nowadays that can't even be class captains in your primary or secondary school just love to beleive you are smarter than everyone else?? Keep your wailing on!! Who wail epp ![]() 70 Likes 6 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by jumas(m): 11:17am On Apr 14, 2016 |
1.As President Buhari and CBN Governor, Emefiele moved closer to actualizing their promise to strengthen the naira against the US dollars 2.By signing a landmark currency deal with the Industrial and Commercial Bank of China Ltd on Tuesday in Beijing, China. 3. The agreement will allow Nigerian who imports mainly from China conclude their transactions in the Chinese currency instead of the dollar 4. The new agreement would see Nigeria-China trades, which accounts for over 70 percent of imports into Nigeria, concluded in the Yuan. 5. Until now over 90% of int'l trades between Nigeria & the world is done in dollars, & in the process putting so much pressure on the naira 6. Nigeria imports almost all it needs from the West, Middle East and Asia. 7. The CBN is expected to diversify a huge chunk of Nigeria’s foreign reserve from the dollars to the Yuan to perfect the agreement. 8. “It means that the renminbi (Yuan) is free to flow among diff banks in Nigeria, & the renminbi has been included in the FXR of Nigeria,” 9. FXR means foreign exchange reserves 10. Lin Songtian, director general of the African affairs department of China’s foreign ministry, told reporters in Beijing ... 11. .. a few minutes after the agreement was signed between the Governors of the nations’ reserve banks.. 12. in the presence of President Buhari & President Xi Jingping of China, who is hosting Buhari and top Nigerian officials to a state visit. 13. Lin said a framework on currency swaps has been agreed with Nigeria, making it easier to settle trade deals in Yuan. 14. China has signed currency swap deals with countries ranging from Kazakhstan to Argentina as it promotes wider use of its Yuan. 15. Nigeria would become the clearinghouse for Yuan denominated transactions for the whole of Africa following the agreement. 16. Beijing also signed agreements to develop infrastructure in Nigeria, part of a drive to deepen its ties with Africa. 17. It has offered Nigeria a loan worth $6 billion to fund infrastructure projects. 18. Also, ICBC signed a $2 billion loan deal with Dangote group, to fund two cement plants it plans to build, Lin told Reuters. 19. China’s official Xinhua news agency cited President Xi as telling Buhari that there was huge potential for economic cooperation, naming 20. Naming oil, refining and mining.. 21. Nigeria is also considering issuing Panda bonds (mainly Yuan denominated) as against euro bonds because they are cheaper. 103 Likes 9 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by Tonyosas101(m): 11:18am On Apr 14, 2016 |
I love Nigerians so much....we always see bad thing in every good things....there's always advantage in every disadvantage even Obama noh be saint for all Americans eye 63 Likes 3 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by SleekMallam: 11:18am On Apr 14, 2016 |
Interesting perspective. 1 Like |
Re: China Plans To Scam Nigeria - Max Amuchie by Kylekent59: 11:19am On Apr 14, 2016 |
Na customize scam b dis. I also knw what dey are planning. Cus at first Nigerians will be rejoicing but it has an effect also. Pdp members just dey laugh on dis one. 4 Likes 1 Share |
Re: China Plans To Scam Nigeria - Max Amuchie by worksmart(m): 12:12pm On Apr 14, 2016 |
Scam us ? Has the west not been scamming us for decades? How have we progressed with western partnership and loans? China even if they scam us could be no worst than what we are already experiencing through our decades of partnership with the West. 94 Likes 6 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by Nobody: 12:43pm On Apr 14, 2016 |
That closing phrase though..too deep 3 Likes 3 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by enlightenedmind: 12:57pm On Apr 14, 2016 |
Kylekent59: PDP members that cannot define "Foreign Exchange" do they even know what the real economic meaning of "Exchange Rate" is? or they just know what it does? 20 Likes 2 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by Ballmer: 1:04pm On Apr 14, 2016 |
Sick Biafrans everywhere. Do you expect to borrowed from China to finance a project only to give that project to the West Or Do you think the Chinse are foolish to the extent of providing you with loans only for your sick leader to siphone it into the western economy ? 66 Likes 2 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by tuniski: 1:18pm On Apr 14, 2016 |
The easiest leaders to be scammed are those With tyrannical tendencies. Buhari is one even ordinary budgeting is a big scam let a lone a High tech scheme by the chinese. It is unfortunate signing what they don't even understand is now heralded as achievement. 7 Likes |
Re: China Plans To Scam Nigeria - Max Amuchie by Nobody: 1:45pm On Apr 14, 2016 |
This might be too smart for the average Nigerian. Watch how it's reduced to a wailer and zombie contest. Lalasticlala, Mynd44, Seun please move this to the frontpage for those who really want to understand something about the Yuan and our deal. 4 Likes |
Re: China Plans To Scam Nigeria - Max Amuchie by Pidggin(f): 1:49pm On Apr 14, 2016 |
ticker: Very insightful. Our problem is that our leaders politicize everything, we do not have intellectuals and strategists, all we have are evil politicians. 10 Likes 1 Share |
Re: China Plans To Scam Nigeria - Max Amuchie by ElCount: 2:16pm On Apr 14, 2016 |
I ve been asking the question "what will China be getting in return?" Zombies hv failed to give an answer to this question, China is not running a charity organization and nigeria is not a country anyone can count on to manage that loan properly and China is smart enough to know this so its obvious that they have at least a backup plan which we don't know. China is trying to cement its place as a world power and tilt the balance to their favor if buhari has sold us out well... The consequences are better left imagined hopefully by then the country would hv divided and B14FR4 go dey their own away from this nonsense make una dey shout sai buhari una go follow am go 6 ft under if una no take time 14 Likes 1 Share |
Re: China Plans To Scam Nigeria - Max Amuchie by Nobody: 2:37pm On Apr 14, 2016 |
Where is the spam? Some Nigerians are jubilating over $2b loan from China and the so called Yuan trading deal. - Akani Balogun or $6bn ![]() 3 Likes |
Re: China Plans To Scam Nigeria - Max Amuchie by Csami(m): 2:37pm On Apr 14, 2016 |
Goke7: He also proffered a solution. He mentioned true federalism. 7 Likes 1 Share |
Re: China Plans To Scam Nigeria - Max Amuchie by hobermener: 2:38pm On Apr 14, 2016 |
[b]I havent failed to criticize the buhari regime over its numerous gaffes, but Methinks just like someone argued earlier, this new found economic relationship has its pros and cons, and its not all bad as we're made to believe. Even America's most controversial politician trump has not failed to highlight china's deliberate manipulation of its economy, to leave the US at a disadvantaged end. China is the world's leader in low cost manufacturing and construction, and nigeria can seize on this opportunity to aggressively invest in long term capital projects, with serious emphasis on mining, agriculture and power, a move which will not just help to diversify the Nigerian economy, but place it as a strategic business hub in africa. I think china's partnership with nigeria should be targeted at increasing our dominace in africa in the aspects of trade and service delivery, before moving out to compete on a world stage. But with several allegations, like padded budgets, selective fight against corruption, and flagrant nepotism, that have been the hallmark of this administration's first year in office, i doubt the loan will ever be put to judicious use, and we might just end up plunging future generations into debts successive generations after them might not even be able to fully recover from ![]() 10 Likes 2 Shares |
Re: China Plans To Scam Nigeria - Max Amuchie by LMAyedun(m): 2:38pm On Apr 14, 2016 |
Okay |
Re: China Plans To Scam Nigeria - Max Amuchie by NwaNimo1(m): 2:39pm On Apr 14, 2016 |
China plans to colonize Nigeria via the Yuan.....China is the new IMF Tomorrow we'll be begging for debt relief. 11 Likes |
Re: China Plans To Scam Nigeria - Max Amuchie by Okijajuju1(m): 2:39pm On Apr 14, 2016 |
Caveat Emptor Wailers at work 3 Likes |
Re: China Plans To Scam Nigeria - Max Amuchie by MrPresident1: 2:39pm On Apr 14, 2016 |
Mr Followfollow ![]() |
Re: China Plans To Scam Nigeria - Max Amuchie by Olukologia(m): 2:40pm On Apr 14, 2016 |
Na una sabi jere. |
Re: China Plans To Scam Nigeria - Max Amuchie by sammyj: 2:41pm On Apr 14, 2016 |
According to one of my colleagues words let them deliver first. Imagine how far we would have developed if the past administrations has taken advantage of this opportunity!!! ![]() ![]() 3 Likes |
Re: China Plans To Scam Nigeria - Max Amuchie by Segadem(m): 2:41pm On Apr 14, 2016 |
Okay 1 Like 1 Share |
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