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China Pumps $100bn To Africa, Urges Nigerian Government On Self-sustaining Economy

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The Chinese government has expressed the urgent need for African governments to be independent of their development, saying Nigeria, as the major African power, is expected to lead a self-sustaining economy.

It also pointed out the fact that China is highly interested in maintaining a deeper cooperation with Africa, while stressing that African governments and firms, with preference for small and medium scale enterprises (SMEs), including Nigeria, should come out with workable plans to enable them benefit from the $60 billion funding support from the Chinese government.

This was disclosed at a lecture for a delegation of Nigerian journalists on the ‘Belt and Road Initiative’ in Beijing, China.

According to Senior Research Professor, Zhang Yong-Peng of the institute of West Asia and African Studies (WAAS) in the Chinese Academy of Social Sciences (CASS), between 2016 and 2018, the Forum on China-Africa Cooperation, FOCAC, will focus on agriculture and food security, with $60 billion of funding support for African countries, including Nigeria and another $40 billion pool fund made available for interested countries and firms in the continent, through the Maritime/Silk Road Fund.

The financial support, Yong-Peng pointed out is through FOCAC, which was established in 2000.

The expert in International Politics, also disclosed that already, the Chinese government has established/built 25 Agricultural Techonological Demonstration Centres (ATDC’s) in Nigeria, South Africa, Tanzania, Ethiopia, Ghana, Egypt and Rwanda, stating that, “With the FOCAC, Nigerian companies should come out and bid for the loans and make use of it for development.”

He also expressed the need for the Nigerian government to engage in international development process and the economic take should be focus on industrialization, trade and investment. “China is committed to promoting Africa economic take off and Nigeria, as the major African power is expected to build its own ability and come out with workable plans to meet the purpose of the Belt and Road Initiative, which aims at integrating Africa in international development process, as well as accelerating its development strategy 2030, 2063 vision.

While urging African governments to be active in making use of the support capital and ensure plans as many as possible are on to grasp these opportunities, he explained how Nigeria, as a country and SMEs can benefit from the $40 billion pool fund, under the Silk Road Fund.

His words, “The pool is not distributed by making a plan. You apply as a country, as a local government or as a company, stating the amount of capital needed and back it up with a business plan and how much is needed as well as the time frame for the project. It will be evaluated, whether it is feasible or not. If approved, you get financial support.”

Continuing, he disclosed a breakdown of the $60 billion funding support, saying that, “$5 billion is for free aid and interest-free loans; $35 billion of preferential loans and export credit on more favorable terms. And $5 billion of additional capital for the China Africa Development Fund and special loan for the development of African SMEs each and $10 billion (initial capital) of China-Africa Production Capacity Cooperation Fund.”

In another development however, Chinese President, Xi Jinping, also announced at the annual meeting of the World Economic Forum, in Davos, Switzerland, that, from May 14 to 15, 2017, China will host in Beijing, the Belt and Road Forum, which is geared towards international cooperation.

The Belt and Road Initiative which covers over 100 countries, aims to discuss ways to boost cooperation, build cooperation platforms and share cooperation outcomes with the cooperation instruments including trade, investment and cultural exchanges.

Interestingly, a new railway, from Lagos to Ibadan, is being built with Chinese loan but the language barrier is a challenge, Yong-Peng submitted.

Source: Vanguard

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Cleric Warns Bobrisky, Reveals When He Will Die (Video)

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Popular Nigerian male barbie, Bobrisky has been told to change his ways as he has just few years to live before he dies.

Islamic cleric, Hammed Ademola who claimed that Bobrisky’s money is from the devil said the crossdresser has about 3 years before he dies.

He further added that Bobrisky’s friends would soon have problems in their lives, which is a consequence of befriending an evil.

Ademola also said that Bobrisky would soon have regrets for going under a knife to be transformed from a man to a woman.

Recall that she recently issued a warning to all crossdressers to not think of taking her throne because she is the queen of crossdressers.

Watch the video below:

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Dead Man Made To Sit On A Chair At His Own Funeral (Photos + Video)

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In what will come across as a really startling development, a dead man has been made to sit at his own funeral.

According to Trinidad Express, the dead man was embalmed into a sitting position, placed in the tray of a hearse and given an open-air last ride past the Office of the Prime Minister on the way to his funeral.

Dressed in a suit and in a chair, murdered Che Lewis was placed in the back of a pick-up van by Dennie’s Funeral Home and driven around Port of Spain on Wednesday.

Witnesses and social media users were stunned.

TTPS Road Safety Co-ordinator Brent Batson told Express via a What’s App message that the funeral home’s manner of transporting the deceased will be investigated.

The dead man was made to sit on a chair at his funeral

Batson said, “The TTPS is disappointed in the reckless behavior engaged in by a funeral home being circulated on social media whereby persons were seen seated in the vehicle tray seemingly as part of a funeral procession. Carrying persons in a dangerous manner is an offence Regulation 38 Rule 17 of the Motor Vehicle Road Traffic Act (MVRTA) with a $1,000 penalty and the TTPS will be continuing investigation into funeral company’s conduct on the road.”

Several videos of the ‘last ride’ were posted on social media, with many commenting that this was “proof that Trinidad is not a real place”, while others said they idea was only novel in Trinidad but was done in other countries.

Lewis, 29, and his father Adlay Lewis, 49, were shot and killed on November 15 at their home at First Trace, Bagatelle Road, Diego Martin.

His funeral was streamed live on social media, but not all the viewers were aware that the man sitting at the entrance to the church was the deceased.

There was also a question as to why he was not wearing a mask.

The funeral home informed that because of the “unique funeral, the church was astonished and refused the entrance of Che”.

Following the funeral service at the St John The Evangelist R.C Church at Church Street, Diego Martin the bodies of father and son were interred the St John The Evangelist Cemetery.

The funeral home also intends introducing a new form of body disposal to Trinidad and Tobago.

It is know as alkaline hydrolysis, a process for the disposal of human and pet remains using lye and heat.

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Shebi You Have Your Own Life, Why Can’t You Mind Your Own Business – Bobrisky Slams Critics

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Nigerian crossdresser Bobrisky has slammed those trying to advise her on how she’s living her life asking them to mind their business.

According to her, in this era of the new world, no one tells anyone how to live their lives not to talk of a 29yrs old like hers who is living her life as she wants.

Adding that those trying to advise her all have their own lives to live therefore they should mind their own business and stop trying to advise her.

At this rate, it’s obvious Bobrisky is not ready to listen to any advice from anyone on how to live her own life as he’s now a big boy at 29.

screenshot below;

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