NwaNimo1:
China plans to colonize Nigeria via the Yuan.....China is the new IMF

Tomorrow we'll be begging for debt relief.

Stelvin101:


I will ask you one simple question. If you go to the local market, supermarket, plazas and shops to buy anything, I mean just anything you can think of. How many made in US or Made in China do you see in this country? If you can answer this question correctly then you are being wicked but if you failed it then you need to see a doctor for Human-to-Animal Brain Transplant.

moshino:
@OP

Most of your postulations are incorrect, and do not capture the details of this credit facility from China, but I'll leave that for another day. And btw, I'm not a Buhari/APC apologist nor supporter. But my question to you is; What better alternative do you prescribe, given the current quagmire Nigeria is swimming in? Bear in mind that historically, most cash loans, credits and grants Nigeria got in the past, never accomplished the projects they were proposed for, rather increased the number of private jets in Nigeria and other obscene, gluttonous and materialistic lifestyle of Nigeria's political, privileged class.

ElCount:
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

TheGoodJoe:


I went through the stuff that guy wrote and I can not see what is a scam.

He said China is taking away competition because in their loan, they will the project and deduct it as payment.

Le Kwa Nu Madu.

If someone is owing me One Hundred Thousand naira and I say that I will do the tilling of his new house and take the profit as my payment.

Please, help me answer, is that a scam?

gbens2000:
thats is y I still stand with this u really need to be enlightened.no matter wat the dollar is the global money we just abt going astray.check out Zimbabwe.these Chinese see us as slaves and dumb.i can't give all the necessary details I would AV love to but brotherly believe wen I say we are going astray.it might seem gloomy nw but we AV sold the future already.

gbens2000:
thats is y I still stand with this u really need to be enlightened.no matter wat the dollar is the global money we just abt going astray.check out Zimbabwe.these Chinese see us as slaves and dumb.i can't give all the necessary details I would AV love to but brotherly believe wen I say we are going astray.it might seem gloomy nw but we AV sold the future already.

Csami:


He also proffered a solution. He mentioned true federalism.

2sexyus:
You know some people just know how to write in good english without the tinniest understanding of things. They are very talented at analysis paralysis

TheGoodJoe:


What we're the benefits we gained from America?

The exorbitant interest rates?

2sexyus:
If you can't give all the details, then you have no say in this topic please. WTF are you talking about here? Abeg swerve jor...

Scream:
We should be happy that it is only scamming... They might even colonize us! We that squandered our opportunity to be a great nation.

Gentle2015:



...so, nothing for the local manufacturers? What about the exporters? Please how do we grow our economy with everything you've listed above?

At the end of the we shall be forced to accept Yuan as our legal tender. Maybe China are trying to....

ollah1:
The issue is Nigerians aren't educated enough about things like these. It sounds alien to most people. Every country doing business with another isn't only tryna protect hers but also ensuring they win with their head higher.

If your country men aren't smart enough that you will be scammed corporately.

gbens2000:
see the bigger picture our future is about to be mortgaged,the US and China are strong secret allies.the Chinese will gives u services which u will pay with all ur strength,US will give u pleasure which u will pay with ur destiny.my guy there is no greater evil .evil is evil.

karimusa:



I don't know why some people like living in darkness. Open ur brains for once. A president is seeking a way to facilitate trade between the 2 countries and ease the pressure on dollar and some wet brains are still vomiting rubbish...

igwegeorgiano:
if pmb has allowed himself to be brainwashed then its unfortunate cos the after effect of this loan will bring about serious economic crisis on the long run. With all the neccessary docs signed, buhari has just signed away the future of nigeria' economic path to recovery.

gbens2000:
see the bigger picture our future is about to be mortgaged,the US and China are strong secret allies.the Chinese will gives u services which u will pay with all ur strength,US will give u pleasure which u will pay with ur destiny.my guy there is no greater evil .evil is evil.

Tonyosas101:
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

TheGoodJoe:


Which future?
The jobs that is about to be created?
Over two hundred thousand Nigerian youths.
The expertise our workers will develop?
The infrastructure that will save lives due to less traffic on the roads.
The Power that will improve the production rate of the country.

I am yet to see what is bad about this project.

Itemize the negative effects of the deals.

ticker:



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

TheGoodJoe:


Which future?
The jobs that is about to be created? Over two hundred thousand Nigerian youths.
The expertise our workers will develop?
The infrastructure that will save lives due to less traffic on the roads.
The Power that will improve the production rate of the country.

I am yet to see what is bad about this project.

Itemize the negative effects of the deals.

Goke7:
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

balash:
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

Torch1:
Development cannot be imported, it is not the importation of artefacts from China or any other countries. Development is human oriented, it is based on the development of human capital (know-how). If Nigeria or any African country must develop, the people have to look inwards and build their country.
The solution to Nigeria's underdevelopment is "True Federalism", which will allow all the states to look inwards and explore the natural and human resources which abounds in Nigeria.

gbens2000:
who told u need a 2b dolls loan for that it okay if they want to build infrastructures and create jobs.

manny4life:


So what is China getting in return? Also, at the expense of what are we receiving all these?