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China Loan Nigeria $1.1bn For Infrastructural Development

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China has agreed to give Nigeria a $1.1bn low-interest loan to build much-needed infrastructure.The deal was struck yesterday during Nigerian President Goodluck Jonathan’s meeting with Chinese President Xi Jinping in Beijing.

nigeria_china

The money would help build roads, airport terminals in four cities, and a light-rail line for Nigeria’s capital.

China is investing heavily in Africa at it relies on it for oil and other natural resources.Nigeria is Africa’s biggest oil producer, but its infrastructure needs updating and most people live in poverty.

AFP news agency quoted Mr Xi as saying that both countries had been brought together by a common task of pursuing national development.

Mr Jonathan is leading a business delegation on a four-day trip to China to boost ties between the two countries.

Chinese companies are already building roads across Nigeria in contracts worth $1.7bn.

China’s demand for crude oil produced in Nigeria is expected to rise tenfold to 200,000 barrels a day by 2015, Nigerian officials said.

Source: BBC News

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3 Comments

3 Comments

  1. peter cyril

    July 11, 2013 at 5:32 pm

    Dats absolutely nonsense…@ d end of d day,d money will end up doing noting for the masses ad wil be chilling insdy one idiots account…why did he settle d education sector dia by leaving works he has to do here ad went to china to secure a loan..bunch of losers

  2. joshua Mbah

    July 11, 2013 at 5:52 pm

    As richly naturally endowed as Nigerians are they still engage in borrowing, this will do us no good but much mayhem. Tenfolds the money to build this roads and Airport terminals ar much more resting in hidden accounts of our nonchalant politicians. Let me tell u; if Nigeria can still borrow in this modern age..!! We still have a long way to go..!!!

    • Adekunle

      July 12, 2013 at 6:30 pm

      You are very funny ooo, who told you Nigeria is rich mtcheeeeeeeeeeeew. A country is rich when its people (an average citizen) can enjoy solid nutritional 3 square meal. I am sure you ate gari this morning and will probably eat akpu in the afternoon and beans in the evening. Please tell me if that is nutritional enough for your soul to think right? Nigerians keep deceiving themselves with oil as if they are the only country in the world that has oil.

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Deploying Soldiers Not The Answer, Buhari Should Address Nigerians – Afe Babalola

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Deploying Soldiers Not The Answer, Buhari Should Address Nigerians – Afe Babalola
Deploying Soldiers Not The Answer, Buhari Should Address Nigerians – Afe Babalola

Afe Babalola

Legal luminary and Senior Advocate of Nigeria (SAN), Afe Babalola, has called on President Muhammadu Buhari to address Nigerians over the violence that has erupted in the country following the #EndSARS protests.

He made the call on Wednesday in reaction to the recent happenings across the country following the shooting of #EndSARS protesters at the Lekki Toll Gate in Lagos.

“Protests against the Special Anti-Robbery Squad, otherwise known as SARS or FSARS, have spread to all parts of Nigeria and beyond.

“The deployment of soldiers to the streets is not the answer. The imposition of curfews is certainly not the answer,” Babalola said in a statement.

Also Read: SERAP Drags Buhari Government, Military To ICC Over Shooting Of #EndSARS Protesters

He said that he had before now appealed to President Buhari to please address the issue at that time.

“I now again plead with him to address the root causes of the pain which the youths are complaining about,” he said.

“The use of live bullets and other lethal weapons against protesting youths is not the answer. The killing of protesting youths is also not the answer.

“A protest both in fact and in law is analogous to a message which an injured toe sends to the brain complaining about unbearable pain,” said Babalola in his reaction to the shooting of the protesters.

He added, “The response by the brain and the head is normally to take steps to treat the pain to the toe.

“Any injured person who refuses to take steps to treat pains to any part of the body does so at his own peril.”

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You’re a total idiot – 2Face and Blackface clash again

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You’re a total idiot – 2Face and Blackface clash again

Nigerian music star, Innocent Idibia a.k.a 2face has slammed his former bandmate, Blackface for saying he never spoke up during the PDP administration.

This came after 2Face called for a total shutdown of activities in Nigeria iin support of the widespread #EndSARS protest.

However reacting to this, Blackface took a swipe at 2Face who according to him never spoke up during the People’s Democratic Party (PDP) administration even though things were allegedly worse then.

Firing back at him, 2Face described his former bandmate as an “idiot”.

See the exchange that ensued below;

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Oke Wasn’t Killed By Stray Bullet -Deceased’s Brother

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Oke Wasn’t Killed By Stray Bullet -Deceased's Brother

Younger brother to the promising lad who died barely 3 hours after he tweeted, Daniel Obi-Enadhuze has broken silence to share how his brother was killed by thugs and not stray bullet from the Police.

AKpraise gathered that the deceased, Okechukwu Obi-Enadhuze tweeted around 1:54pm saying ‘Nigeria will not end me’ was allegedly shot by the Nigerian Police.

According to Daniel, his brother was neither hit by a stray bullet nor a deliberate bullet.

He mentioned that his brother was stabbed by thugs who came to invade their home at the Makinde police barracks, Mafoluku, Oshodi, where he lives with his brother, Oke and their mother.

Sharing the sad ordeal on Twitter, Daniel wrote;

“Good day, My name is Obi-Enadhuze Daniel younger brother of the now deceased Okechukwu Obi-Enadhuze
@O_Okee.

I, my brother and mother lived at makinde police barracks, mafoluku, Oshodi, Lagos State. Today at about 11 o’clock in the morning.”

The police station at makinde was attacked by thugs who wanted to destroy the station, I my mom and brother were holed up in our house, The attack went on for hours before the thugs eventually breached the police and proceeded to set the station on fire, after accomplishing.”

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