China Loans Nigeria $328 Million To Boost Telecoms - Business - Nairaland
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| China Loans Nigeria $328 Million To Boost Telecoms by nigeriapenbase: 7:30pm On Sep 01, 2018 |
President Muhammadu Buhari on Saturday arrived in Beijing, China for the 7th Summit of the Forum on China —Africa Cooperation. China’s Exim bank will lend Nigeria $328 million towards improving the west African country’s telecoms infrastructure, Nigeria’s presidency said on Saturday, at the start of a six-day visit by President Muhammadu Buhari to the country. Poor telecoms are a major challenge for businesses operating in Nigeria, which is Africa's largest oil producer, most populous country and has one of the continent's largest economies. The agreement, the latest in a number of Chinese loan facilities to Nigeria since Buhari took office in 2015, comes as Beijing seeks to deepen its ties in Africa. News Source: https://www.nigeriapen.com.ng/china-loans-nigeria-328-boost-telecoms-148562/ 5 Likes 2 Shares
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| Re: China Loans Nigeria $328 Million To Boost Telecoms by deomelo: 7:51pm On Sep 01, 2018 |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by tolexy007(m): 8:06pm On Sep 01, 2018 |
Trust me, China will soon buy Nigeria. Nigeria is a funny country we are taken loan of $328million while we are sharing $500 million recover from abacha loot, is this gov serious at all? 299 Likes 34 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by blackboy(m): 8:18pm On Sep 01, 2018 |
Telecoms? Hmmm China seems to be dictating or is this govt don't know priority 10 Likes 2 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by deomelo: 8:24pm On Sep 01, 2018 |
blackboy: What is wrong with telecoms? Telecoms is the backbone and foundation of tech and economic advancement, without you are going nowhere. Looks like these old politicians are smarter and more sensible than the so called Nigerian youths. 71 Likes 8 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by tobtap: 8:29pm On Sep 01, 2018 |
Hmmm |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by Nobody: 8:29pm On Sep 01, 2018 |
Brb |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by dust88: 8:29pm On Sep 01, 2018 |
Yeye dey uzzzzzzz 2 Likes 1 Share |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by Nobody: 8:29pm On Sep 01, 2018 |
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| Re: China Loans Nigeria $328 Million To Boost Telecoms by tribalistseun: 8:29pm On Sep 01, 2018 |
deomelo:the ones at home are doing fine 13 Likes 2 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by NobodyKnows(m): 8:30pm On Sep 01, 2018 |
Less than 12 hours wey baba land for China .we are already seeing positive results. Mehn PMB is sweet mehn . Sai baba till 2023 mehn . Na the previous visit give birth to Lagos -Ibadan rail way. More to come . God bless APC 28 Likes 4 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by kehinde1588(m): 8:30pm On Sep 01, 2018 |
Why telecommunication? Its better the loan is used for electricity. One of factors causing set back in this country is the erratic power supply. If F.g can increase the supply of electricity, this will have a long effect on the cost of production which in turn will reduce prices of goods and services. Also, it will encourage locally made goods. 91 Likes 5 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by Racoon(m): 8:30pm On Sep 01, 2018 |
deomelo: No wonder Nigeria's so called minister of communication & technology is an archaic goatee wielding haggard looking old man. See how Sowore disgraced the old man during an interview sometime back. 16 Likes 1 Share |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by LessNoise: 8:31pm On Sep 01, 2018 |
Somebody should give Glo $300m from the loan 16 Likes |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by tolexy007(m): 8:31pm On Sep 01, 2018 |
NobodyKnows: So u mean it positive thing to add more to the debt on ground? so where are all the money dey claimed dey recover from looters 64 Likes 3 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by vRendoh(m): 8:31pm On Sep 01, 2018 |
APC na borow borrow party....dem go sink 9ja for debt. 30 Likes 5 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by rozayx5(m): 8:31pm On Sep 01, 2018 |
More and more debt Keep sinking us oh Till we can no longer breathe 20 Likes 1 Share |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by Viking007(m): 8:32pm On Sep 01, 2018 |
[s] deomelo:[/s]Of what use is having good telecoms when you dont have a stable power supply? Nonsense. 98 Likes 5 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by Racoon(m): 8:32pm On Sep 01, 2018 |
What is China lending Nigeria money for after the useless currency swap deal she had with us that was so overhyped by this rudderless government then? Of this loan is not interest free.What becomes of all the retrieved looted & relooted funds  APC is simply mortgaging this country.35 Likes 3 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by tstx(m): 8:32pm On Sep 01, 2018 |
Election money... When will these foreign countries learn 13 Likes 2 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by hopexter(m): 8:33pm On Sep 01, 2018 |
Nigeria is never tired of needing money and taking loan. What bout all the re covered funds? What's wrong with our telecommunication and why not Electricity? Mehn this country is annoying me  31 Likes 3 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by naijaking1: 8:34pm On Sep 01, 2018 |
What's $328 million when looted amoung hungry and barely educated Fulani politicians? 11 Likes 1 Share |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by MANNABBQGRILLS: 8:34pm On Sep 01, 2018 |
We will get there gradually. |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by Nobody: 8:34pm On Sep 01, 2018 |
Barely 400million$ to reform telecom sector? Certainly China doesn't think we hold enough stake in Africa's telecom sector. 3 Likes |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by Aldebaran(m): 8:34pm On Sep 01, 2018 |
I hope they won't embezzle that one again  9 Likes |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by hopexter(m): 8:35pm On Sep 01, 2018 |
tolexy007: That would be the best News in history, this country needs to be bought and re-planned. 11 Likes |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by budusky05(m): 8:35pm On Sep 01, 2018 |
deomelo: |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by Gaddafithe2nd(m): 8:35pm On Sep 01, 2018 |
deomelo: |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by dingbang(m): 8:36pm On Sep 01, 2018 |
Money will be used for election.. We are finished.. 9 Likes 2 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by phatnpretty(f): 8:36pm On Sep 01, 2018 |
I thought they have sold nitel and mtel, what exactly did they borrow the money to do. I blame China that lent them the money when they know the country owe a lot of debts. 13 Likes 3 Shares |
| Re: China Loans Nigeria $328 Million To Boost Telecoms by uriris: 8:36pm On Sep 01, 2018 |
Which telecom? Money that will be used for Election. Dem don finally sell this country to Chinkos 19 Likes 3 Shares |
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