Renowned businessman and philanthropist, Tony Elumelu, recently reacted to the warning issued by the IMF to the Federal Government of Nigeria regarding terms of Chinese Loan. Elumelu had the opportunity to tell the government the truth and be on the side of the masses but he shelved the opportunity.
In this template, the money is kept in a China bank, they export the workers to the borrower’s nation, export all inputs required to the borrower’s nation, supervise and execute the projects attached to the loans and still charge the interest on the loans.
That is what the Europeans say do the research your self, to many lies by Europeans
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Source: Daily Trust - 🏆 13. / 51 Read more »
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Source: Daily Trust - 🏆 13. / 51 Read more »
FMBN disburses N58bn loans, funds building of 6,538 houses in 2 years – Daily TrustManaging Director of the Federal Mortgage Bank of Nigeria (FMBN) Arc. Ahmed Dangiwa has said the bank posted strong performance with the disbursement of N58 billion mortgage loans between April 2017 and March 2019. Arc. Dangiwa, who stated this recently in Abuja, said the amount covered provision of National Housing Fund (NHF) mortgage loans to …
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Nigerian Army To Take N1bn Loan Towards Producing Indigenous Armoured Fighting Vehicles | Sahara Reporters“We are already sourcing the sum of N1billion to support the Nigerian Army Vehicle Manufacturing Company. We a have a number of investments in the Army that have been generating huge amounts of money and we will take a loan from there to support Nigerian Army Vehicle Manufacturing Company to realize our dream of producing indigenous armoured fighting vehicles and to continue to maintain our existing equipment.' Scam The Nigerian government can award this to an indigenous company that produces vehicles & ammunitions or bring expert from other countries to train our Military force on how to build arms. If we politicize or play tribalism with this our 'Secession is at hand. My question is who will pay back the money 😆
Source: SaharaReporters - 🏆 9. / 63 Read more »
NDE disburses N3.9m loan to 144 youths in Gombe – Daily TrustThe National Directorate of Employment (NDE) said it has disbursed the sum of N3, 960, 000 as loan to 144 youths it trained under the Rural Employment Promotion Department of the organisation. Director General of the NDE, Dr Nasiru Ladan Argungu, disclosed this yesterday in Gombe during the disbursement of the fund to the youths …
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AfDB to approve $70m loan for road project in EbonyiAfDB: The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi... to improve road safety... vanguardngr One way government no opposition in that state nobody questioned the government vanguardngr Our governors and president are collecting all manner of loans, yet social aminities are not built or provided, yet they are individually becoming super rich. What kind of retarded society do we live in for Christ sake vanguardngr Just wondering when Nigeria will exit her slavery from the cold hands of borrowing, looting & taking the loots to the bodies that borrowed them. Our Gov officials are visionless on all front
Source: vanguardngrnews - 🏆 5. / 75 Read more »