| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by malele(m): 9:14am On Apr 17, 2016 |
blackpanda:
This OP is very mischievous. Wailers in disguise always spreading lies and half truths. OP gave u half of the story in order to advance his bias. This is the other half:
Reuters had reported that Adesina confirmed that loan agreement would be signed but he could not say how much until it was signed.
But the presidential spokesman told our correspondent on Saturday that there was no iota of truth in the report.
“[b]There was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria,” he stated.
At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.
The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists.
Shehu said the President believed that the agreements concluded with the Chinese during the visit would have a huge and positive impact on key sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.
He said, “In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.
“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.
“A total of $1bn is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.
“For the housing sector, both companies also sealed a $250m deal to develop an ultra modern 27-storeyed high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”
According to the presidential spokesman, other agreements announced and signed during the visit included $1bn for the establishment of a hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.
He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.
“An agreement valued at $363m for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.
“Other agreements undergoing negotiations include a $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.
“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,” Shehu added.
[/b] How is he mischievous ,some days ago we had loan was signed and it was all over the news, now the presidency has said no loan was signed, which one should we believe, it's dishearten the way some Nigerians behave. 1 Like |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by TheGoodJoe(m): 9:15am On Apr 17, 2016 |
Gentle2015:
Investing and loan are two different thing. Yes, had MOUs with the investors but he never signed any loan deal.
Just make your parent proud of you... Haba!!!!
Did I say he signed a loan deal? I just quoted the investment in the OP's article.
Check the link on the OP's article and my link, you will see that it is the same link.
So I do not know what you mean by make your parents proud of you. 1 Like |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by EmekaBlue(m): 9:16am On Apr 17, 2016 |
Nigeria took loan...Stop decieving this useless lying Apc..Meanwhile i hav that same book on bubuz hand givin to me by chinese govern  
|
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by DonCortino: 9:16am On Apr 17, 2016 |
blackpanda:
This OP is very mischievous. Wailers in disguise always spreading lies and half truths. OP gave u half of the story in order to advance his bias. This is the other half:
Reuters had reported that Adesina confirmed that loan agreement would be signed but he could not say how much until it was signed.
But the presidential spokesman told our correspondent on Saturday that there was no iota of truth in the report.
“[b]There was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria,” he stated.
At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.
The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists.
Shehu said the President believed that the agreements concluded with the Chinese during the visit would have a huge and positive impact on key sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.
He said, “In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.
“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.
“A total of $1bn is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.
“For the housing sector, both companies also sealed a $250m deal to develop an ultra modern 27-storeyed high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”
According to the presidential spokesman, other agreements announced and signed during the visit included $1bn for the establishment of a hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.
He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.
“An agreement valued at $363m for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.
“Other agreements undergoing negotiations include a $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.
“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,” Shehu added.
[/b] Abeg o! Before bubu went to china what did they tell us he was going there to do?? |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by TheGoodJoe(m): 9:18am On Apr 17, 2016 |
malele:
How is he mischievous ,some days ago we had loan was signed and it was all over the news, now the presidency has said no loan was signed, which one should we believe, it's dishearten the way some Nigerians behave.
At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.
Not loan. 3 Likes 1 Share |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by elmisti(m): 9:26am On Apr 17, 2016 |
ElCount:
长, 水利部苏莱曼阿达姆部长和国防部长丹阿里, 他来到中国人民共和国进行国事访问行国事访问
*grabs popcorn* I'm gonna watch this movie to the end Please shift |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by elmisti(m): 9:32am On Apr 17, 2016 |
wapu:
They signed cash swap and infrastructural loan.
that means China did not and will not give us the 6 billion in cash like IMF does.
If we want to build railways,hospitals,roads etc they will help us build it and deduct the money from the "LOAN" they gave to us.
That way no one can siphon the money.
If you want to buy stuffs from China instead of giving you dollars, the banks will pay for you in yuan. Reducing pressure on the dollar.
That way things will be cheaper.
Comprendé? ?? U ar as confused as someone who married a transgender. Who is yet to complete surgery! 1 Like |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by TheGoodJoe(m): 9:32am On Apr 17, 2016 |
This news, makes you Pity Fayose who went to China to fight against the Chinese giving Nigeria a $2 Billion loan. 2 Likes |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by tinsel: 9:36am On Apr 17, 2016 |
LoveMachine:
So wahala when you think he got a loan? And wahala when it is revealed he secured investments? Sometimes you have to leave angry people to be angry. Nawaa for PDP opposition 3 Likes |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by sinistermind(m): 9:40am On Apr 17, 2016 |
And where did the $2bn figure emanate from? And why did it take dis long for the govt to defend it's trip to China as against what going round in the media. |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Chubhie: 9:44am On Apr 17, 2016 |
sinistermind:
And where did the $2bn figure emanate from? And why did it take dis long for the govt to defend it's trip to China as against what going round in the media. The government is not telling the truth. 1 Like |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by JODELL: 9:45am On Apr 17, 2016 |
we Nigeria youth reasons surprised me, if somebody come to your house and ask you to borrow him 2 million naira for a business and will repay back in say 6 months period with interest of 20%, and someone also come to your house and ask you to invest 2 million naira in a business to get return of 20% in 6 months, it is the same thing in business transaction. l believed most of us here on nairaland attended secondary school and did business studies in our junior secondary school and can differentiate between a loan and investment. Thanks 1 Like |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Etizz: 9:46am On Apr 17, 2016 |
Frankiss44:
Lolz.. We are in for some serious shiit in this administration. The confusion is second to none. As in eh, what's really happening? How did these clowns make it to Aso Rock?
So many idiots, few bullets. Dem go soon ban you oh,... Na waitin I talk when dem ban me too oh... Lol... |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by LoveMachine(m): 9:48am On Apr 17, 2016 |
tinsel:
Nawaa for PDP opposition GBAGAM! 1 Like |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Nobody: 9:54am On Apr 17, 2016 |
sinistermind:
And where did the $2bn figure emanate from? And why did it take dis long for the govt to defend it's trip to China as against what going round in the media. Baba and his SA go just dey one corner dey laugh at us. Some media even said he went there to swap currencies. Lies upon lies. The $2b loan was everywhere. Never believe anything from this government until it becomes reality 1 Like |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Nusaf: 10:00am On Apr 17, 2016 |
bukynkwuenu:
then what was in doing in china since 1week....
lemme read 1st
*modified*
kai diz dul.lard go tour of china mk him give space for him wife aisha to lunch n sell book..fa
n to skip d convocation ceremony in unimad he was invited to...to avoid running into shekau.. Did u read the story or is just that u have comprehension problem? |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by shamecurls(m): 10:07am On Apr 17, 2016 |
blackpanda:
This OP is very mischievous. Wailers in disguise always spreading lies and half truths. OP gave u half of the story in order to advance his bias. This is the other half:
[size=28pt]
Reuters had reported that Adesina confirmed that loan agreement would be signed but he could not say how much until it was signed.
But the presidential spokesman told our correspondent on Saturday that there was no iota of truth in the report.
“[b]There was no loan deal during the President’s visit to China. All that is coming are investments into Nigeria,” he stated.[/size]
At the conclusion of the visit on Friday, the Presidency had said the President’s trip yielded over $6bn additional investments for Nigeria.
The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, disclosed this in a statement made available to journalists.
Shehu said the President believed that the agreements concluded with the Chinese during the visit would have a huge and positive impact on key sectors of the Nigerian economy, including power, solid minerals, agriculture, housing and rail transportation.
He said, “In the power sector, North South Power Company Limited and Sinohydro Corporation Limited signed an agreement valued at $478,657,941.28 for the construction of 300 Mega Watts solar power in Shiriro, Niger State.
“In the solid minerals sector, Granite and Marble Nigeria Limited and Shanghai Shibang signed an agreement valued at $55m for the construction and equipping of granite mining plant in Nigeria.
“A total of $1bn is to be invested in the development of a greenfield expressway for Abuja-Ibadan-Lagos under an agreement reached by the Infrastructure Bank and Sinohydro Corporation Limited.
“For the housing sector, both companies also sealed a $250m deal to develop an ultra modern 27-storeyed high rise complex and a $2.5bn agreement for the development of the Lagos Metro Rail Transit Red Line project.”
According to the presidential spokesman, other agreements announced and signed during the visit included $1bn for the establishment of a hi-tech industrial park in Ogun-Guangdong Free Trade Zone in Igbesa, Ogun State.
He added that the Ogun-Guangdong Free Trade Zone and CNG (Nigeria) Investment Limited also signed an agreement valued at $200m for the construction of two 500MT/day float gas facilities.
“An agreement valued at $363m for the establishment of a comprehensive farm and downstream industrial park in Kogi State was also announced at the Nigeria-China business forum.
“Other agreements undergoing negotiations include a $500m project for the provision of television broadcast equipment and a $25m facility for production of pre-paid smart meters between Mojec International Limited and Microstar Company Limited.
“About 100 Nigerian businesses and 300 Chinese firms participated in the Nigeria-China business forum, which took place a day after President Buhari began his visit to China,” Shehu added.
[/b] |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Joel3(m): 10:11am On Apr 17, 2016 |
hahahaha. why it took them so long to debunk this news? we all know the Chinese will never invest In Nigeria. no body invest in unstable country. they would rather export finished product to Nigeria. that trip cost $ 2 million dollars of tax payers money. what a waste at a time Nigeria is suffering. 2 Likes |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Nusaf: 10:12am On Apr 17, 2016 |
ndcide:
So what were these people defending all over the Internet all through Last week. You mean they now want to celebrate a "no loan was signed" even when they had celebrated the loan all along?
I think we should stop defending just about anything because of buhari.
Or did buhari consider the opposing view? If u read through the report, u will see that there is still a plan to secure loan from China which still justifies the defence. So nobody is defending loan deal and celebrating no loan deal. |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by jimikata(m): 10:25am On Apr 17, 2016 |
wapu:
They signed cash swap and infrastructural loan.
that means China did not and will not give us the 6 billion in cash like IMF does.
If we want to build railways,hospitals,roads etc they will help us build it and deduct the money from the loan they gave to us.
That way no one can siphon the money.
If you want to buy stuffs from China instead of giving you dollars, the banks will pay for you in yuan. Reducing pressure on the dollar.
That way things will be cheaper.
Comprendé? ?? good analysis there. |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by philipobiz: 10:28am On Apr 17, 2016 |
Gentle2015:
Youngman, what is the aim of your arguement? The fact is no loan was signed for.
So?... ".......offered Nigeria a loan......" From the phrase, it's just an offer, Buhari have not accepted it. Am sure the guy that posted the news and explained it had F9 in English if he even wrote the exam self |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by ElCount: 10:38am On Apr 17, 2016 |
elmisti:
Please shift where I dey shift dey go na |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by AceRoyal: 10:39am On Apr 17, 2016 |
wapu:
They signed cash swap and infrastructural loan.
that means China did not and will not give us the 6 billion in cash like IMF does.
If we want to build railways,hospitals,roads etc they will help us build it and deduct the money from the loan they gave to us.
That way no one can siphon the money.
If you want to buy stuffs from China instead of giving you dollars, the banks will pay for you in yuan. Reducing pressure on the dollar.
That way things will be cheaper.
Comprendé? ?? So from your opening sentence and the bolded,you are saying a loan deal was signed but it's just the terms of loan disbursement that's referred to as "investment deals"?!  |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Akanaz(m): 10:42am On Apr 17, 2016 |
Fake news everywhere. |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by everozone: 11:12am On Apr 17, 2016 |
I guess the Chinese government has given heed to the wise counsel given to her by governor Fayose not to grant loan to Buhari. |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Osazuwaakonedo(m): 11:22am On Apr 17, 2016 |
oga stop fooling yourself. where are those companies going to get such huge amount of money to execute the projects if not through borrowing. if not borrowing, what do they need the president for, before they can partner with foreign companies to expand their businesses. |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by emymeeky: 11:28am On Apr 17, 2016 |
LoveMachine:
So wahala when you think he got a loan? And wahala when it is revealed he secured investments? Sometimes you have to leave angry people to be angry. 1 Like 
|
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by Nobody: 11:31am On Apr 17, 2016 |
elmisti:
U ar as confused as someone who married a transgender. Who is yet to complete surgery! You don't have to resort to insults. The best you could do was explain, and probably make me understand. Did the insult solve anything now? 1 Like |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by jide333(m): 11:38am On Apr 17, 2016 |
like you were with them during the trip to china... 989900:
Buhari did a good job in China (with the few facts we have).
It is still a developing story, why don't y'all be patient as details roll in? |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by elmisti(m): 11:44am On Apr 17, 2016 |
wapu:
You don't have to resort to insults.
The best you could do was explain, and probably make me understand.
Did the insult solve anything now? My sincere apologies bro......now to d matter, what I think is that either FG or the media is feedn the public loads of crap. I wnt want to join the loan or no loan argument...but one sure thing abt d china deal was that some of our reserve will be moved to china nd in Yuan.....I wnt condemn or praise dis move as I understand well that FG is jst looking for ways to excape dollar nd the USA. But the truth is that is mission impossible, its like running away from earth itself...it is no News that China is USA pet dog ...but I hope it all works out well...I dnt really APC or PDP. What I care is for me, my family nd my nation! |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by 989900: 11:46am On Apr 17, 2016 |
jide333:
[s]like you were with them during the trip to china... [/s]
That's why we all have to wait. Read. |
| Re: Buhari Didn’t Sign Any Loan Deal With China – Presidency by donbrowser(m): 11:49am On Apr 17, 2016 |
Chubhie:
This administration has made me to doubt everything. The only certain thing now is That I think, therefore I exist. Cogito ergo sum 1 Like |
