China Offers $6bn Loan To Nigeria For Infrastructure – Foreign Affairs Minister

Date: 13-04-2016 12:02 pm (8 years ago) | Author: CLARA JANCITA
[1] 2
- at 13-04-2016 12:02 PM (8 years ago)
(f)

The Minister of Foreign Affairs, Geoffrey Onyeama, has disclosed that China has offered Nigeria a loan worth $6bn to fund projects.
Speaking with reporters who travelled with President Muhammadu Buhari to China, Onyeama said,
Quote
“It is a credit that is on the table as soon as we identify the projects, we access the facility,”
“It won’t need an agreement to be signed; it is just to identify the projects and we will access it.”

Similarly, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, in a statement revealed that the Chinese President, Xi Jinping has offered a $15m agricultural grant to Nigeria for the establishment of 50 demonstration farms across the country.

Shehu said the Chineses President made the offer during talks between Buhari’s delegation and high-ranking Chinese government officials.
The Chinese government also pledged to strengthen the military and civil service, Shehu said.

Shehu also stated that the Chinese government has offered to raise its scholarship awards to Nigerian students from about 100 to 700 annually, while 1,000 other Nigerians would be given vocational and technical training annually.
Quote
“China also expressed an interest in setting up major projects in Nigeria such as refineries, power plants, mining companies, and textile manufacturing and food processing industries as soon as the enabling environment is provided by the Federal Government,”
the statement added.

Posted: at 13-04-2016 12:02 PM (8 years ago) | Hero
- cmionsisy at 13-04-2016 12:40 PM (8 years ago)
(m)
buharism regime am not surprised. with all d monies dis aboki has recovered his still borrowing more to b stolen again for anoda government to come and recover. modern slavery knocking hard
Posted: at 13-04-2016 12:40 PM (8 years ago) | Upcoming
Reply
- gogoman at 13-04-2016 01:13 PM (8 years ago)
(m)
sounds good!!
Posted: at 13-04-2016 01:13 PM (8 years ago) | Grande Master
Reply
- justloveme at 13-04-2016 01:15 PM (8 years ago)
(m)
the problem is not borrowing
but borrowing and growing wings to dubai, saudi, panama and south afrik.
there is God ooooooooo
Posted: at 13-04-2016 01:15 PM (8 years ago) | Upcoming
Reply
- Passion8Soul at 13-04-2016 02:06 PM (8 years ago)
(f)
Hmmmm;Nigeria
Posted: at 13-04-2016 02:06 PM (8 years ago) | Gistmaniac
Reply
- willyking at 13-04-2016 02:46 PM (8 years ago)
(m)
Chain government  borrowing to make the chain worst in the future, more money to lavish
Posted: at 13-04-2016 02:46 PM (8 years ago) | Gistmaniac
Reply
- kison at 13-04-2016 03:19 PM (8 years ago)
(m)
WAITING FOR SOMEONE TO BLAME THIS ON BUHARI... Be careful, be very very careful,CAREFULLLLLLLLLLLLLLLLLLLLLLLLL...

Posted: at 13-04-2016 03:19 PM (8 years ago) | Hero
Reply
- morgrawl231 at 13-04-2016 04:13 PM (8 years ago)
(m)
gOOD ONE,,,,
Posted: at 13-04-2016 04:13 PM (8 years ago) | Hero
Reply
- dickieponga at 13-04-2016 05:48 PM (8 years ago)
(m)
Please read dis..:
 “It is a credit that is on the table as soon as we identify the projects, we access the facility,”
“It won’t need an agreement to be signed; it is just to identify the projects and we will access it.”
So una never even identify d projects una wan do....Chai, i don suffer....
Posted: at 13-04-2016 05:48 PM (8 years ago) | Hero
Reply
- lilchuks28 at 13-04-2016 06:30 PM (8 years ago)
(m)
Nigeria should cover their face in shame. $15m
offered to Nigeria by China. An oil rich producing
nation? This is a big shame. China said they will
consider investing in Nigeria when the enabling
environment is there. Nigeria having an enabling
environment is a mirage. That was why they put
it that way and gave our government $15m
indirectly telling our government "stop disturbing
us, we have our own problems with over 1.3
billion citizens. Que Sera Sera
Posted: at 13-04-2016 06:30 PM (8 years ago) | Upcoming
Reply
- mjyabah2 at 13-04-2016 09:29 PM (8 years ago)
(m)
Th same China we rejected and scorned their products in the 80s now offer us help. Very soon Haiti and Santa Domingo will come to our aid. Yet we have billionaires and billions of dollars hidden all over the world; Nigerian money boosting the economy of other countries while own country suffers.   
Posted: at 13-04-2016 09:29 PM (8 years ago) | Gistmaniac
Reply
- mia4321 at 13-04-2016 10:13 PM (8 years ago)
(f)
E no bad
Posted: at 13-04-2016 10:13 PM (8 years ago) | Gistmaniac
Reply
- Eazyatumeyi at 13-04-2016 11:04 PM (8 years ago)
(m)
we no go see the effect of the money
Posted: at 13-04-2016 11:04 PM (8 years ago) | Hero
Reply
- slimmygal at 13-04-2016 11:25 PM (8 years ago)
(f)
am so speechless right now
Posted: at 13-04-2016 11:25 PM (8 years ago) | Gistmaniac
Reply
- Sparky12 at 14-04-2016 12:31 PM (8 years ago)
(m)
...lyf goes on
Posted: at 14-04-2016 12:31 PM (8 years ago) | Gistmaniac
Reply
- CHRISETTE at 14-04-2016 03:46 PM (8 years ago)
(f)
We. Still dey wait
Posted: at 14-04-2016 03:46 PM (8 years ago) | Hero
Reply
- kison at 15-04-2016 05:30 PM (8 years ago)
(m)
Be careful, be very very careful,CAREFULLLLLLLLLLLLLLLLLLLLLLLLL...
Posted: at 15-04-2016 05:30 PM (8 years ago) | Hero
Reply
- Akpan22 at 19-04-2016 05:34 AM (8 years ago)
(m)
This is too much
Posted: at 19-04-2016 05:34 AM (8 years ago) | Gistmaniac
Reply
- Akpan22 at 19-04-2016 05:34 AM (8 years ago)
(m)
Quote from: DR.kison on 15-04-2016 05:30 PM
Be careful, be very very careful,CAREFULLLLLLLLLLLLLLLLLLLLLLLLL...

That's right
Posted: at 19-04-2016 05:34 AM (8 years ago) | Gistmaniac
Reply
- Akpan22 at 19-04-2016 05:34 AM (8 years ago)
(m)
Quote from: Sussan odili on 14-04-2016 03:46 PM
We. Still dey wait

For what
Posted: at 19-04-2016 05:34 AM (8 years ago) | Gistmaniac
Reply
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