bigpicture001:
And we have not noticed the mass migration of very skilled Chinese workers to Japan nd the US...?

Yes they are not paid half wat they pay in the US nd Europe ,but they live in China where cost of living is relatively far cheaper than US nd Europe...

A Nigerian earning 450k here is same as Nigeria. Living in the US nd earning a monthly sum of 1.3million...the only difference is standard of living

But in the case of the Chinese, standard of living is same thing with American...so it doesn't matter

Huh?!
>

ProtectMyMoney:


Hope it's not a way to bamboozle Nigerians by saying it is Equity and not Loan.

Government should ask Italy ..how market?

China developed a port in Italy...now Italy has been held by the balls.

The chinese have virtually made Italy dependent on them for economic survival.

DeLaRue:
Smh furiously.

Chinese now fully own and control a major port in Nigeria, and can continue to do so for hundreds of years to come.

With the way the Chinese are, trust me, within that port vicinity, Nigerians will be treated like foreigners.

Very bad.

You mean the Chinese are BUILDING “a major port in Nigeria”...
On land that was forest and swamp for “hundreds of years” and was likely to remain so.

Meanwhile, it’s a BOOT project that will be transferred to the NPA in 45 years so that they can run it into the ground (like several others)...
Nigerians are always obsessed with ownership and control (sharing, loot, etc.), but hardly if ever in investment, building, risks, and so forth.
>

kayusely70:
The chinese have virtually made Italy dependent on them for economic survival.

While Nigerian prostitutes have become virtually dependent on Italy for economic survival...
>

bigpicture001:
The death rate nd unemployment rate in the US is very low in the US...( that is a norm)

Is it still same fact momentarily...? Does it mean the US no longer have good hospitals or doctors or maybe all their factories nd workplaces stoked being competitive..?

Answer this so that you can b sensible enough to understand me

Still comparing apples with agbalumo...LOL!
What part of the word “currently” confuses you?

It currently takes ships an average of about 25-30 days to secure a landing berth at the Apapa ports...
And then another couple of weeks to get your cargo out of Apapa - and all that time the importer is paying demurrage. SMH

>

9jaRealist:


Apapa and Onne are actually ‘river’ ports...
They can not accommodate the biggest class of ships available these days.

Lekki (and the proposed Warri, Ibaka and Bakassi ports) will be Nigeria’s first deep seaport(s)...
It should be cheaper and more efficient because more goods can go in or out in one vessel instead of several.
>

Thanks sir

Lonelyhrt1:
Hmm, I see China taking over most of our national assets in the near future if we can't fund or pay back our loans

I have free 100k that I am not using, I don't know if I should keep it in the bank or if I should just use it to buy BTC

can you please borrow me 5k from it

Well, our leaders are the last to know who is who, or what agenda may be in the offing. They just want to enjoy the commonwealth and all the perks of office. That’s all they care about!

Axe4christ:
Right now I don trust the Chinese, they are as tricky as their movies

Nice one

Hmmm...

Really

Lonelyhrt1:
Hmm, I see China taking over most of our national assets in the near future if we can't fund or pay back our loans

I have free 100k that I am not using, I don't know if I should keep it in the bank or if I should just use it to buy BTC

Don't buy yet, still wait....the temporary hike in price is just to absolve weak hands, price still to drop to $4k to $5k region.... when its time you will know. There will be at least 2weeks consolidation of prices.

9jaRealist:


You mean the Chinese are BUILDING “a major port in Nigeria”...
On land that was forest and swamp for “hundreds of years” and was likely to remain so.

Meanwhile, it’s a BOOT project that will be transferred to the NPA in 45 years so that they can run it into the ground (like several others)...
Nigerians are always obsessed with ownership and control (sharing, loot, etc.), but hardly if ever in investment, building, risks, and so forth.
>

What are the terms of the "operate" part of the transaction since you appear to have details?

My concern is the oversight associated with such a critical infrastructure. The CFO and deputy are Chinese and Indian among the rest of BOD and management.

We should attract foreign investment that is appropriately structured and with the right governance.

9jaRealist:


You mean the Chinese are BUILDING “a major port in Nigeria”...
On land that was forest and swamp for “hundreds of years” and was likely to remain so.

Meanwhile, it’s a BOOT project that will be transferred to the NPA in 45 years so that they can run it into the ground (like several others)...
Nigerians are always obsessed with ownership and control (sharing, loot, etc.), but hardly if ever in investment, building, risks, and so forth.
>

They forget China also benefited from a lot of foreign investments even up till now.

Naijabwan sell every to China

kellidoo:
China giving out funds to claim assets in the Future......same thing they have done to US after releasing corona virus.

Just imagine, they gave us their own counterpart funding and wrestled the CEO of the company from us, in exchange!
China is not nice and not father christmas, we need to be wary of them as much as we are of the WEST.

Make our story nor come be like those wey run from Jonathan due to his cluelessness, come go land for the hand of that deaf, nepotistic, terorist herdsmen supporter, Buhari!
We shall suffer the impact and punishment for decades to come.

And the Chinese has sent one idiot, Nigerian boy-boy here to come and defend their interest!

Even if it is for 45yrs, should Nigerians not be fully at the top echelon of the project, to protects Nigeria's interest in those 45yrs?
China build`s Port in Nigeria and other African countries so that it can have somewhere to discharge its goods into Nigeria, as quickly and efficiently as possible, its all about China!
Why not build Power stations or Machinery manufacturing plants here?
Oh, they have that in China, we just need to import from there and continue to be dependent on China forever.

Good