IG imageIt will be sourced from the China-Exim Bank for the Gurara II Hydropower project.
The Minister of Water Resources, Mr Sulieman Adamu, has just confirmed the approval of the loan by FEC.READ ALSO:
To buy arms for terrorists, because all borrowed monies are used for empowering terrorists against the Nigerian State. Terrorists are now running Nigeria. Pastors and Christians die daily in Nigeria. Arise Oh God.
Dependency theory 😩
An indebted nation will soon fall. Do we still believe in one Nigeria when things are falling apart
U guys r already selling the future generations of Nigeria to chinese. Haba! These loans will b shared amongst u n 2 pay will b problem...na wa o
Band of thieves
Nigerian citizens are just renting space. The government is selling our country.
When China takes over Nigeria due to our inability to back our loans, we will all become Chinese. Chi chin Ching?
That is absolute madness
The lender will come for all her capital and returns. What then happens if lump sum can't be paid back? We should stop creating avenues for such.
That's how the Chinese slowly but surely will buy us....God save Nigeria!
I think Buhari really wants Nigeria to run dry before his tenure runs over 🙉😒😩
I have since discovered and it is unfortunate despite Osinbajo's loyalty, that all decisions/appointment made by the V. P.are always overturned when PMB returns to his seat. Qoute me.
what a country
😭😭😭
Restructure the country for God seek.. This system is just waste of time and resources...
Everyone with a family member abroad.. START FAMZING NOW..
We will wait and hear what the next administration will say, selling the country will be an option I tell u 😂😂😂
The problen is we dnt want to die and we are dieing in bits... I believe we can do better tham, make comment on social media...
I don't understand oo
We are being swallowed by debt , unnecessarily debts . The cost of running the country is too much, cut down these fat salaries of Nigerian Senators then you’ll have money to undertake projects MBuhari .. I take God beg you
Clueless Bunch
A man who doesn't like making money but rather love borrowing is preparing himself for doom
.. thumbs up for real time news update, but can we have a little more details regarding how many megawatts of power this loan will generate, who is overseeing the project, time to complete the project and how many homes will this project light up in Nigeria....
AyamDamiee see this right.....we were complaining of the first now the 2nd is here.
Loan from China is a trap for recolonization of Africa these dumb should read between the lines. $1b loan when CBN executives stole almost $3b as indicated in the recent revelations.
From there they will pay the incoming & out going senators.
Already enslaving the children of the future just to pay minimum wage that has no value in today's market.
And they tell us everyday how they have improved IGR cut down on expenses, arrested Ghost workers curbed corruption. Yet they borrow in a senseless manner without anything to show for it.
God airpus 😩😌
This is not funny oo
The capital of Nigeria will soon be Beijing.
Bury us in loans!!!!!
And your president dashed another country $500000 for election..
In this same Nigeria where money is flying up and down? Where Senators and governors and other politicians are collecting millions & billions for doing nothing they are still borrowing money? Is it that they’re borrowing money to keep up with the maintenance of the politicians?
Wooo
Gbese re o.... FEC you no dey tire.
Are our leaders feeling fine .. stop all this Chinese loans for my generation and future generation sake
Grandpa MBuhari approved another $1bn loan from China. Why can't you just sell Nigeria to China?
Borrow borrow govt
Awon ole destroying the future now
Nigeria Onigbese! Niyin 😭😭😭
Expect more Chinese here in coming weeks, shey na one restaurant dem no allow Nigerians enter 4 lag, coming soon..Una go get sense by force
Nigeria will be soon taken over by china
Nigeria has fully become Chinese colony. Time for independence is still far.
This is bad
The next Administration would suffer this Next level disease! A pity a pity! This is like selling the nations flag. Chai
Ganduje right now.
Hope China will not enslave us again.
Go down low 😭😭😭
Is Nigeria now on the 'for sale' list?.
China bringing its prisoners to our country as a dumping ground just to work in their construction sites. Las las our head will correct
They don't know their onus..
This government like to borrow. God help us.
Kk
When will this end?! I hope China don't demand the entire country(Nigeria) for the payment of this ever growing debt. Yet we pay billions to welcome new legislators and bade departing ones goodbye.
Dis is d most corrupt govt in Nigeria's history...selling Nigeria out to China for nxt billion years generation to generation.
Nigeria Government have bin loaning money since 1999, yet no light, no security, bad roads, kids out school, private schools is very expensive, 20 years of democracy is a Big. Waste..
Let’s all start living the Chinese way cause I don’t think our government will forever pay this loan, time will come they will use us as collateral to the Chinese people to get there loan.
MBuhari and APCNigeria are selling us to China...! My heart bleed for next generation
Empty brains FEC...
Mtchewww
We have already sell Nigeria to Chinese government
This loan is getting out of hand
1bn for 360 MW? Either the figures are wrong or......
Lord have mercy 😭😭
Hope this is not one of the parting gift
Hahahahaha benmurraybruce this is your country plunging the future of Nigerian kids in more debt. How much will your electric cars pet project plunge us further?
SOLD
The west has warned third-world countries from taking Chinese loans,yet we continue to borrow from them..
Borrowing that much for so little. Unwise.
This borrowing is too much... And if we are going to borrow, must we borrow from the Chinese with all what they've done in Uganda, Zambia, Kenya and Sri Lanka
Chinese ppl,very dubious, inconsistent ppl, deceit ppl, China are targeting our solid mineral,they can't do without it. it's time Nigeria government increase trade market us. there only source our energy is our solidminerals
friarsomadina Let this clueless FEC sale Nigeria to China because the way they are going, its certain future generation can't be able to repay these Chinese laons. So sale Nigeria to chine,that way,they will invest in Nigeria as their property and not as loan,since we have clueless government
China will soon own Nigeria
The people ruling 9ja are too old to be bothered about how much debt they plunge the country into because they would have passed on when China comes knocking.
Loan!!!!!!!!!!! again from China!!!!!
The borrowing goverment, nigeria is in deep mess.
To do what na?
Eromosele6 Hmmm...Nigeria will definitely not survive under this APC govt.
We go see Chinese contest In every position and even become monarchs here
After Emefiele loots 500b, they borrow 360b thinking we don't understand their games. You are all fooling yourselves
We get 5 trillion from port , we get this from jamb , we get this from that ..bla bla ..why are we not using them to fund capital projects ? abi all na bobo ni ?
You thief called leaders what to sell Nigerians to Chinese
Nigeria will soon turn to Chineria.
Big fools
Hmmmm
friarsomadina Who will pay for all these loans?
May God punish these people and their families
360 billion naira for 360 megawatts of electricity!!! 1 billion for 1 megawat? What a country.
What are the clauses for starters interest rates and can Nigeria afford it. Is it going to be used to pay salaries for the 108 Senators on $25000/week? That's just their salaries for 8yrs. Visionless leadership
How else will Miyetti Allah be paid
And the same useless OfficialAPCNg e-rats were accusing Peter obi of trying to sell the country to China. Nigerians love suffering. Welcome to the real hunger games. Next level begins.
Going down
Hope you people are not using us as collateral to get these loans because, China no dey give loan without collateral.
The country is almost mortgaged now to China
Olórí ibú ni gbogbo wọn
RotimiAkeredolu hurry up and sponsor you cannabis bill so that repayment of part of this loan is assured. Lobby your colleague in Ekiti and Edo too. Hands need to work, Money needs to be made & mouths need to be fed. The old loans have not paid themselves back.
Nigeria for sale !
Enough money to enjoy.
Ifeabunike Hope this old mumu wont loan us out before he leaves.
$1billion could generate up to 700megawatts of solar, instead of settling for 360 megawatts of hydro.
Allah ya Isa
Buhari Who go pay all this money wey una dey borrow? You wan kill us with debts?
$1bn?
I remember clearly during 2019 VP debate in Abuja, PeterObi was making countless references to Chinese loans and how OfficialPDPNig govt planned to partner with Chinese govt but instead failed APCNigeria were busy making caricature of a vibrant leader.Wht are we seeing today?
Another scam, Chinese government keeps granting her Nigeria counterpart loans. When will the Nigeria govt grant loan(s) to other nations? Many of the funds go unaccounted for? Posterity will judge all who approved loans from other nations and didn't supervise it's utilisation.
What is the collateral?
Honestly though, WTF is wrong with this government. You have borrowed more than we can repay already and you are still boring!! All the money that you have borrowed so far what have you got to show for it?! You know what this is what Nigeria deserve for voting an idiotic buhari!!
Slavery loading
How do you intend to pay back this loans? What is the repayment plans? NGRPresident
Vraiment.! ..! Ça ce n'est pas vrai... Non pas ancore.. Je crois que c'est finir pour nous dans ce pays 😢😢
This country
Pls when is China coming to take over this country ?
Cant we get a loan from our senators montly salary, ut will atleast be easy to pay🚶🚶🚶
CHIEFAGBABIAKA Okay
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MBuhari these funds are not improving the economy infact prices of things have increased in an alarming rate. We need accountability...
This economic vampires are eating their unborn children's future. Wickedness will never be happiness!
Imagine if the money was used to kick start our steal Company, the amount of jobs, revenue and development that would have been gained.
Lmaoo😀😀😀😀
ObaJaiyeoba Lobatan!
We would soon become Chinese shoe shiner
😭😭😭😭
I thought Peter Obi was a Chinese man? DOlusegun MBuhari fkeyamo OfficialAPCNg
Hmm, God please help me to accomplish my task on Earth and go, before China arrives to take over Nigeria....PMB, continue!
They said Jonathan sold Nigeria this foolish buhari people are not only selling Nigeria but everything inside
BREAKING: Buhari approves another fresh $1bn Chinese loan. Oh Nigeria, I pity you. Nigerians must have sense by force.....See you...yes you.... na you na, Just listen your children are in debts already just know that... Your children are indebted to china.
This is madness.
By the time buhari spends 8 years in power, Nigerian debt profile would be unimaginable.
I hope nassnigeria have to okay this. They borrow these monies, face one side of the country, yet all of us will pay. O diro kwo mma.
OBJ may be regretting why he negotiated with our creditors to write off our debt. What a disgraceful way of paying back! After the frugal comes the prodigal.
If this were to be one of themz personal business, they won't approve this o. Bank would have taken over since due to bankruptsy.
They have sold Nigeria I swear. Thank God my kids won't even hold Naija passport.
Na die we dey more enslaving coming under loan na we and our kids this old fools just dey sell the country wait ahead for
The next you hear is China propose to change Nigeria to Chingeriah. Looobatan.
Gradually swallowing all the hook, line and sinker. Very soon China will take over and be controlling our country. What a pity.
We are just sorry,Nigeria need God intervention, is this Buhari on the top?
Said Baba . Nextlevel on testing mode, We never start.
Selling your soul to the Devil ProfOsinbajo and MBuhari . Keep it up
At what point do these guys realise that cost of governance need to be reduced! For example, the pay package and retirement benefits of politicians (after serving for JUST 4 years) should be cut, then we won’t need to borrow. Do away with senators is another option...
Are we sure FEC won't authorize the CBN to start printing Chinese symbols on our currencies?
The name of the administration should be Barce-Lona.... even Barca wen LON dey dia their name nor borrow money reach us...
Who use NIGERIA'S pant for RITUAL?
When men of God admonished us not to vote Buhari you all said he has taken bribe from other parties. Let’s face the music together. God forbid they won’t sell Nigeria & we’ll not become slaves in our mother’s land in Jesus’ Name.
Just hope the terms for all these countless loan ar favourable.Enough of gradually enslaving de country under selfish purpose for aggrandizing.
How come we keep taking LOANS and keep posting BOGUS figures as revenue/remittances/confiscated loots ..... It's not just adding up abi leakages don pass the inflows 😵😵😵😵
Sooner than later, na China go come take over this country.
GOD l beg ooo
Chai,who did this to us?
We lend money for the looters to continue their actions!!!
they will sale Nigeria oo Chia Apc federal government where are we going to oo
Ah aah!
Na so these old men dey useless the future of the country dey go. Bunch of unserious people.
We are gradually selling this country to China, They recently took over all Sea ports in Kenya to recover all their debts, only God knows what they will take over in Nigeria bcoz of MBuhari and OfficialAPCNg excessive obsession for loan.
I shake head
I've actually lost count of our Chinese loans since 2015. Congratulations, the sky is our limit. 👏🏽
ukwuchisom And that's how they're selling us to China gradually.
Chisos
Again
We are simply stealing from our kids... They will be the ones to pay for this loan
These people are really putting the future of this country into a very big wahala
OBJ said it that MBuhari doesn’t understand anything economics and it is happening.Who is going to pay for all these debts MBuhari is accumulating everyday? Our children’s children.God have mercy.We are back to debt slavery.Meanwhile there is no tangible project being executed
Keep borrowing ehn
Mr borrower
When is this going to stop?
Don't be startled if you wake up one morning and find Chinese warships everywhere....cos they are purchasing this country in advance.
We borrowed less in an administration this is accused of looting, steeling etc and borrowing more in a administration that says they generate more via Customs, FIRS etc. Please can a primary 6 pupil explain the true reality to them?
Soon we’ll borrow our budget from them
Future Nigerians are going to be in big mess!
I hope Nigeria won't be use as collateral someday
Lol...and we're complaining about the interest on loans affecting the budget. The next few years are going to be interesting
Let's go start Mandarin lessons. It's needed
And the idiotic president wants to give miyetti Allah terrorist 100bN such money can go along way in bringing something good to Nigeria
I hope we will not end up becoming Chinese slaves😢
The borrower is a servant to the lender - Proverbs 22 verse 7.
Nigeria govt on d looming level gradually zooming the country to doom stage. Naija which way
Shame
Generations to come will curse our generation for enslaving in this modern time.
Only 360 megawatts?
Its high time I started to learn Chinese Language.
Before una self everybody for Nigeria let me jst leave🚶🏿♂️
But we just dashed one African country money d other day now! We don broke again?
😁😁😁😁 NextLevel borrowing 🚶🚶🚶
D only job dis FEC does is approve monies for what i dont know. Dats y we are where we are. A gathering of bumbling buffoons leading dis nation to perdition😟
Jonathan behaves like woman... 😂... Man don come Ooo... In few yrs time, what happened to Uganda during idi amin era will happen to Nigeria.. Where d country was taken over by the Chinese...
Loan wil kill naija 😔
God..... At least make una give 100k each.
Money from oil? Unacounted for Money from tax? Unacounted for Money from solid mineral? Unacounted for Money recovered from Abacha? Unacounted for Money recovered from looters? Unacounted for Money from sales of govt assests? Unacounted for. Yet no one, no is asking questions.
I have a blueprint for a successful coup.
This is ridiculous!
This is another N365b debt when just like week Dambazau asked the government to dash murderers incorporated Miyetti Allah N100b to stop killing and raping innocent Nigerians as though Nigerians are cow meat to be bargained for either to die or to live in the hands of terrorists.
They are selling this country bit by bit.
A nation whose destiny has been fully mortgaged.
Can the FEC Please tell us items for these purchases
Bashi kan Bashi ba
God punish our leaders . Y'all are mad...
Taxes collected Nothing to show for it Crude oil sales Nothing to show for it Loans collected Nothing to show for it Where did all the monies go? Cant we be like china and grow from within?
Pls it's just wise to read up on what the money is meant for. If it's for infrastructure then it's not a bad idea & the money will be sourced from the China-EXIM Bank for the Gurara II Hydropower project which will generate over 400 MGWT of electricity. Stop the criticism
i am afraid if we would have the capacity to stand when the loan becomes a issue, we hope china will not tie us to the strings of their apron very soon. Same china that US is battling from taking control of the world market space is the same china we are borrowing from. shameful
We need full disclosure of the earlier loan granted and how it was utilizied.
Nigeria dey find money why me sef no go find money.
APCNigeria is borrowing the future of Nigerians to sustain their bankruptcies, they have ran FGN to the ground. Example imagine incoming nassnigeria has approved largest to take cool off, like a sign-in bonuses Meanwhile, Nigerian workers are been owed 37 months salary? 😬
Loan loan loan loan Future leaders can never be free Enjoy change Next level ahead
We will wake up one night and see Chinese taking over our seaports and airports
I don't understand what they're doing with all this money they are borrowing.
Nigeria is gradually turning to Chinese colony
where is all this money been put into? Bad road, no light, health sector bad, life not safe. Hmmm
We're gradually selling this country by bits to China.
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