Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Thursday, 21 April 2016

Mark of Incompetence! We didn't sign any currency swap deal with China – Nigerian Govt makes a clumsy U-Turn


There is something terribly wrong with General Muhammadu Buhari-led junta in Nigeria. There has never been any policy, statement or agreement he entered into, which he has not denied, refuted or denied. It has been almost one year of propaganda and counter-propaganda against itself. From refusing to sign a fraudulent budget he personally presented to the Nigeria's National Assembly, to denying accepting a loan from China. No other  demonstrates Buhari's incompetence than his recent denial of signing a currency swap deal with China, barely a week after flaunting it before Nigerians as a key achievement. He has continued to make irrational decisions and policies and when confronted with facts by people who more than him, he makes a clumsy u-turn.

Wednesday, 20 April 2016

FACTSHEET: Buhari secures China deals but Naira woes linger

FACTSHEET: Buhari secures China deals but Naira woes linger
Nigerian President Muhammadu Buhari last week assembled one of the biggest ministerial delegations of his presidency and boarded a plane to China. Welcomed by President Xi Jinping with a 21-gun salute, Buhari embarked on a five-day tour that saw him return to Nigeria smiling after securing a $6 billion (5.3 billion euro) loan and a currency swap deal. 

Friday, 15 April 2016

See how China SCAMMED Buhari and Nigerians have no idea



Some Nigerians are jubilating over $2b loan from China and the so called Yuan trading deal.
China wants to lend us 2 billion dollars, but they want to give us in Yuan and not the dollar itself.

They are not handling us cash, but service exchange; meaning if we want to buy iron rod, we buy it from Chinese company and they pay the company on our behalf. If we want to construct railway, they will construct it for us and take the money out of the loan. In the end, we are bound to award contracts to them, cutting out competition from others and fairplay to others (non Chinese company can’t bid or compete to reduce the cost). They get to value the contract and determine the price, meaning they can sell something worth 200 Naira for N2000 and we don’t have a choice ‘cos it is on credit.

Friday, 8 April 2016

As Buhari signs away Nigeria's future in China


As Buhari signs away Nigeria's future in China
From Ekiti State Governor, Mr Ayodele Fayose, it was a caveat, on Friday, as he raised the alarm over President Mohammadu Buhari’s scheduled trip to China to borrow $2billion as part of the N1.84 trillion borrowing plan to finance the 2016 Budget, describing the move as an attempt to mortgage the future of Nigeria and its people.

Wednesday, 3 February 2016

Buhari's ministers fight to finish. See why

Buhari's ministers fight in China. See why
The recent trip by key members of the Muhammadu Buhari's cabinet to China to re-open discussions with the Asian country’s Exim Bank was not without drama, as it has emerged that the journey was almost marred by a spat between two of the ministers.