Nigeria Borrows N106B From China To Develop 11 Of The 22 Airports

Date: 07-09-2012 6:03 pm (11 years ago) | Author: Charles colins
[1] 2 3 4
- at 7-09-2012 06:03 PM (11 years ago)
(m)
Nigeria has borrowed N106 billion from China to develop 11 of the 22 airports in the country. This was made known by the minister of aviation, Princess Stella Oduah on Thursday [Sep 6] at a press conference.



She said the first batch of 11 airports being remodeled have reached 80 percent completion and will soon be put to use.

Oduah said five of the airports will be for cargoes while the remaining six will be developed into modern commercial airports.

The contracts for the construction of the five airports have a lifespan of 24 months. The projects are to be executed with a concessionary loan of 22 years with 5 years moratorium at an interest rate of 2 percent.

Quote
“Mobilization to site by the contractors is expected to commence within 90 days. What this means is that before the end of the lifespan of this administration, we would have been able to bequeath to Nigerians the airports of their dreams", she said.


The minister will soon be going to China to sign the loan agreement.

Posted: at 7-09-2012 06:03 PM (11 years ago) | Gistmaniac
- chicco77 at 7-09-2012 06:55 PM (11 years ago)
(f)
borrow borrow
Posted: at 7-09-2012 06:55 PM (11 years ago) | Addicted Hero
Reply
- winace at 7-09-2012 07:14 PM (11 years ago)
(f)
Which of d airport cus i can't see any.
Posted: at 7-09-2012 07:14 PM (11 years ago) | Addicted Hero
Reply
- Ifeamakas at 7-09-2012 07:15 PM (11 years ago)
(f)
Nigerian leaders are disgrece to Nigerians just N106 billion you people whent all the way to China to borrow what a shem? dose it mean that Nigeria dosen't have in their account, so all those money they said they recoverd from people is not upto N106billion so what is people doing with our money? God have mercy on your childrens for our so called have finished us in that country Nigeria.
Posted: at 7-09-2012 07:15 PM (11 years ago) | Upcoming
Reply
- Ifeamakas at 7-09-2012 07:16 PM (11 years ago)
(f)
Nigerian leaders are disgrece to Nigerians just N106 billion you people whent all the way to China to borrow what a shem? dose it mean that Nigeria dosen't have in their account, so all those money they said they recoverd from people is not upto N106billion so what is people doing with our money? God have mercy on your childrens for our so called have finished us in that country Nigeria.
Posted: at 7-09-2012 07:16 PM (11 years ago) | Upcoming
Reply
- Ifeamakas at 7-09-2012 07:16 PM (11 years ago)
(f)
Nigerian leaders are disgrece to Nigerians just N106 billion you people whent all the way to China to borrow what a shem? dose it mean that Nigeria dosen't have in their account, so all those money they said they recoverd from people is not upto N106billion so what is people doing with our money? God have mercy on your childrens for our so called have finished us in that country Nigeria.
Posted: at 7-09-2012 07:16 PM (11 years ago) | Upcoming
Reply
- fopefoluwa at 7-09-2012 07:38 PM (11 years ago)
(m)
NA WAH OH ...IT SEEMS THAT ALL COUNTRIES NOW BORROW FUNDS FROM CHINA !! NIGERIA AND BORROW . STILL HOPING AND PRAYING THAT ONE DAY NIGERIA WILL ALSO BECOME LENDERS Cry Cry Cry Cry Cry Cry Cry Cry
Posted: at 7-09-2012 07:38 PM (11 years ago) | Newbie
Reply
- Mike-Nd-Uc at 7-09-2012 07:41 PM (11 years ago)
(m)
I don't have much to say, This is just the begging.  Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin
Posted: at 7-09-2012 07:41 PM (11 years ago) | Upcoming
Reply
- frank_f at 7-09-2012 08:16 PM (11 years ago)
(m)
If they like let them go to Nepal to borrow 1millon naira, (that is there bullshit), wait before i forget what i want to say... Poster, that woman in the photo there who's she?....I think am in love with her ooo...Please can you tell her that someone want to browse in her yahoo  Kiss Kiss Kiss?
Posted: at 7-09-2012 08:16 PM (11 years ago) | Upcoming
Reply
- mankaa at 7-09-2012 08:29 PM (11 years ago)
(f)
Every day the same story!!!!!!!!!!!!!!
Posted: at 7-09-2012 08:29 PM (11 years ago) | Upcoming
Reply
- moniconyez at 7-09-2012 09:07 PM (11 years ago)
(m)
Quote from: frank_f on  7-09-2012 08:16 PM
If they like let them go to Nepal to borrow 1millon naira, (that is there bullsh*t), wait before i forget what i want to say... Poster, that woman in the photo there who's she?....I think am in love with her ooo...Please can you tell her that someone want to browse in her yahoo  Kiss Kiss Kiss?

HAHAHAHA CHEI UNA GO WOUND PERSON WITH LAUGH HERE OOO Grin Grin Grin Grin Grin IF THEY LIKE MAKE THEM GO NEPAL TO BORROW ONE MILLION NAIRA INDEED. AND YOU FIT HANDLE THAT BULDOZER OF A WOMAN? Grin Grin
Posted: at 7-09-2012 09:07 PM (11 years ago) | Hero
Reply
- BendelArmedRobb at 7-09-2012 09:13 PM (11 years ago)
(m)
The old priest lay dying in the hospital. For years He had faithfully served the people of the nation's capital. He motioned for his nurse to come near.

"Yes, Father?" said the nurse. "I would really like to see Ibrahim Badamasi Babangida and Olusegun Obasanjo before I die", whispered the priest.

"I'll see what I can do, Father" replied the nurse. The nurse sent the request to them and waited for a response.

Soon the word arrived. Babangida and Obasanjo would be delighted to visit the priest.

As they went to the hospital, Babangida commented to Obasanjo, "I don't know why the old priest wants to see us, but it will certainly help our images."

Obasanjo couldn't help but agree.

When they arrived at the priest's room, the priest took Babangida hand in his right hand and Obasanjo hand in his left. There was silence and a look of serenity on the old priest's face.

Finally Babangida spoke. "Father, of all the people you could have chosen, why did you choose us to be with you as you near the end?"

The old priest slowly replied, "I have always tried to pattern my life after our Lord and Saviour Jesus Christ." The old priest continued..."He died between two lying thieves. I would like to do the same."
Posted: at 7-09-2012 09:13 PM (11 years ago) | Gistmaniac
Reply
- toibeli at 7-09-2012 10:18 PM (11 years ago)
(m)
We hope that Nigeria will pay back the loan in a timely manner, otherwise China will take over the
ownership of Naija.
Posted: at 7-09-2012 10:18 PM (11 years ago) | Gistmaniac
Reply
- orjiwolo at 7-09-2012 11:48 PM (11 years ago)
(m)
beware of china...
Posted: at 7-09-2012 11:48 PM (11 years ago) | Gistmaniac
Reply
- aso4life1 at 8-09-2012 12:28 AM (11 years ago)
(m)
What a shame!  even when Nigeria never borrow money from them, they always tell their Citizens that they borrow us money.  Now we did it, they will show it for a whole week on China's CCTV.  Am a shame as a Nigerian.
Posted: at 8-09-2012 12:28 AM (11 years ago) | Hero
Reply
- Mindcare at 8-09-2012 02:34 AM (11 years ago)
(m)
I never know when our government will learn from other countries. Borrowing money for airport remodel NOT building new airport... all Nigeria leaders both old and new need to be synchronize. It's an inglorious thing us as a nation to announce such borrowing...Mtchewwwwwwwwwwww Cry
Posted: at 8-09-2012 02:34 AM (11 years ago) | Upcoming
Reply
- edostate at 8-09-2012 06:32 AM (11 years ago)
(m)
naija is gon
Posted: at 8-09-2012 06:32 AM (11 years ago) | Upcoming
Reply
- sammike86 at 8-09-2012 06:32 AM (11 years ago)
(m)
nawaooo
Posted: at 8-09-2012 06:32 AM (11 years ago) | Upcoming
Reply
- okpamen at 8-09-2012 06:57 AM (11 years ago)
(m)
Quote from: frank_f on  7-09-2012 08:16 PM
If they like let them go to Nepal to borrow 1millon naira, (that is there bullsh*t), wait before i forget what i want to say... Poster, that woman in the photo there who's she?....I think am in love with her ooo...Please can you tell her that someone want to browse in her yahoo  Kiss Kiss Kiss?
my self, i am in love with her i will make love with her too.
Posted: at 8-09-2012 06:57 AM (11 years ago) | Newbie
Reply
- Mike-Nd-Uc at 8-09-2012 07:25 AM (11 years ago)
(m)
Quote from: BendelArmedRobb on  7-09-2012 09:13 PM
The old priest lay dying in the hospital. For years He had faithfully served the people of the nation's capital. He motioned for his nurse to come near.

"Yes, Father?" said the nurse. "I would really like to see Ibrahim Badamasi Babangida and Olusegun Obasanjo before I die", whispered the priest.

"I'll see what I can do, Father" replied the nurse. The nurse sent the request to them and waited for a response.

Soon the word arrived. Babangida and Obasanjo would be delighted to visit the priest.

As they went to the hospital, Babangida commented to Obasanjo, "I don't know why the old priest wants to see us, but it will certainly help our images."

Obasanjo couldn't help but agree.

When they arrived at the priest's room, the priest took Babangida hand in his right hand and Obasanjo hand in his left. There was silence and a look of serenity on the old priest's face.

Finally Babangida spoke. "Father, of all the people you could have chosen, why did you choose us to be with you as you near the end?"

The old priest slowly replied, "I have always tried to pattern my life after our Lord and Saviour Jesus Christ." The old priest continued..."He died between two lying thieves. I would like to do the same."
U actually make sense today that U did not drink coffee, That means the coffee is not good for you body.
Posted: at 8-09-2012 07:25 AM (11 years ago) | Upcoming
Reply
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