urboy1:
Anyone following global geopolitics.. would know.. we easily could be in a bad situation... Ask Brazil, Zimbabwe and South Africa what their leaders are currently going through for this type of deals..
Just saying

shamecurls:
Good News!

Bad news for the Israelite's

Nigeria is on course


God bless PMB
God bless The Federal Republic of Nigeria

onatisi:
The biggest winner is china
The biggest losers are Nigerian manufacturers because they wont be able to compete with cheap Chinese goods that will eventually flood the market.
The only way the government can make this policy work for Nigerian companies is to ban Chinese made goods which can be produced locally in Nigeria from entering Nigeria and compel Chinese investors to open up such factories in Nigeria instead of shipping the goods in from china .

Almajiri1:
As long as it gets easier and cheaper to import from China, expect more job losses as industries close shop.

Kylekent59:
Men am not in support of these. China will make we Nigerians their slave. There are a lot of negative effect in the longrun. God help us ooo. This man don scatter Nigeria. Shaiiii

vivaciousvivi:
leksmedia, Would increased demand for Yuan (as the case may be soon), not put pressure on the exchange rate btw Naira and Yuan which will slowly take us back to square 1 as happened with the dollar? Also, how are we so sure importers will reduce the prices of goods at the micro level if they just want to still pocket the difference?
I am all for it though. Our terms of trade should gradually improve with time. But we still need to get out of the rut of being an import -dependent nation.

elmisti:


Nice one, but for d sake of gaining smtn...pls dnt see me as a pdp or ipod yoot ( no offence to them )...am jst a concerned citizen nd I blv I knw more dan a lil abt political economics....let's jst talk like matured men who want d betterment of d nation!


#1- is settled

#2--logical but how practical ( d law of demand n supply set in too)...d more d demand for Yuan

#3-- is settled

#4--we av to agree it is the healthiest

#5--most tinz china sell to us can be produced locally. Ultimate aim should be local production sufficiency.

#6--hahaha....mke we leave am

#7---ease of trade makes importn simpler na, I see chinese cars making dier debut soon.Smile. You are right. That is where trade policy comes in. That importation is easy now should not turn Nigeria to a dumping ground of sort. I expect SON/CPC to become very active as soon as we notice this. But you are very correct. This is Nigeria.


#8--ah!...dey can devalue dier currency anyhw..alll dey need is a push from d pentagon

ojuolu:
. We will find our way around this. No single economy that have aligned with China(although very few) has greatly or irreparably suffered from the yuan regimes.
You are correct.

elmisti:


Bro, I hope so ooo, cnt wait for dis nation to be great...I cnt travel ooooo.....whether dey like it or nt.

vivaciousvivi:

Nigeria is actually quite late or in signing an agreement of this nature with China. Let me not use Britain as an example since they are an industrialised country (and therefore not import-dependant). Is Ghana a slave to China since they signed this same bilateral agreement ?
Watch and see first before we hastily criticise. If GEJ had first started this but didn't conclude, you will all be change your tune o that PMB is simply implementing GEJs vision, your support for it and all what not. Chill.

V0lv0:
Ghana has no such deal with China! Please get your facts straight before spewing false rubbish. A simple google search would have enlightened you on this as well.