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Level 8
Since: Oct 11
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Ironically, despite the fact that Nigeria has abundant oil to earn dollar export revenue to build its domestic infrastructure, government policy has deliberately let its domestic oil refining capacity fall into ruin. The consequence has been that most of the gasoline and other refined petroleum products used to drive transportation and industry, has to be imported, despite the country’s abundant oil. In order to shield the population from the high import costs of gasoline and other refined fuels, the central government has subsidized prices. China State Construction Engineering Corporation Limited (CSCEC) signed the deal to build three oil refineries with Nigerian National Petroleum Corporation (NNPC), in the biggest deal China has made with Africa. Shehu Ladan, head of NNPC, said at the signing ceremony that the added refineries would reduce the $10 billion spent annually on imported refined products. Until now Nigeria has held some 79% of her foreign currency reserves in dollars, the rest in Euro or Sterling, all of which look dicey given their financial and debt problems. The move of a major oil producer away from dollars, added to similar moves recently by India, Japan, Russia, Iran and others, augurs bad news for the continued role of the dollar as dominant world reserve currency. 22 Clearly some in Washington would not be happy with that. The Chinese are also bidding to get a direct stake in Nigeria’s rich oil reserves, until now an Anglo-American domain. In July 2010, China's CNPC (China National Petroleum Corporation) won four prospective oil blocks -two in the Niger Delta and two in the frontier Chad Basin, with plans to become core investor in the Kaduna refinery, and construction of a double track Lagos-Kano railway.23 As well China’s oil company, CNOOC Ltd has a major offshore production area in Nigeria. The IMF and Washington pressure to lift subsidies on imported fuels is at this point in question as is the future of China in Nigeria’s energy industry. Clear is that lifting subsidies in no way will benefit Nigerians. More alarming in this context is the orchestration of a major new wave of terror killings and bombings by the mysterious and suspiciously well-armed Boko Haram. This we will look at next in the context of Nigeria’s recent transformation into a major narcotics hub. Global Research
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Level 8
Since: Aug 09
Saint Louis, MO
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China needs a strong, reliable and independent Africa. They do not need or want colonies. In order for Africa to deliver the resources that China needs, China will support our efforts to make Africa strong against the western imperialists.
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Since: Jul 12
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Good post Jahx. I been reading on this and my thoughts are that China obviously sees the viability of African countries in the next ten to twenty years. Especially Nigeria in particular, the only problem is the worst enemy for the Nigerian Government is really theirselves.
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Level 8
Since: Aug 09
Saint Louis, MO
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CalmResonator wrote: Good post Jahx. I been reading on this and my thoughts are that China obviously sees the viability of African countries in the next ten to twenty years. Especially Nigeria in particular, the only problem is the worst enemy for the Nigerian Government is really theirselves. Nobody can help Nigeria until the Nigerians have a major attitude adjustment. But, China has been very helpful especially in Zimbabwe and Sudan. I would like to see the Chinese come closer to the Convention People's Party, especially in our North America branch. I have proposals that will benefit China as well as benefit thre local blacks. Sooner or later, we will end up working closely with the Chinese. The sooner the better.
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Satan The Equalizer
Anonymous Proxy
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Are Africans really this stupid? China is colonizing Africa and they will show no mercy or quarter to blacks. The Friend of Your Enemy is still your Enemy.
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Since: Jul 12
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Abdurratln wrote: <quoted text> Nobody can help Nigeria until the Nigerians have a major attitude adjustment. But, China has been very helpful especially in Zimbabwe and Sudan. I would like to see the Chinese come closer to the Convention People's Party, especially in our North America branch. I have proposals that will benefit China as well as benefit thre local blacks. Sooner or later, we will end up working closely with the Chinese. The sooner the better. I used to believe that China helping Africa is a bad thing. But then I learned to respect their policies abroad because its the smart thing to do both foreign and domestic. I think Ghana is a good place for the USA to build good economic ties. Like you said Nigerians have to change their attitude and I believe at the moment Ghana has one of the best attitudes in west Africa.
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Bigsmoke
London, UK
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Satan The Equalizer wrote: Are Africans really this stupid? China is colonizing Africa and they will show no mercy or quarter to blacks. The Friend of Your Enemy is still your Enemy. Nonsense.
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Bigsmoke
London, UK
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Abdurratln wrote: China needs a strong, reliable and independent Africa. They do not need or want colonies. In order for Africa to deliver the resources that China needs, China will support our efforts to make Africa strong against the western imperialists. Indeed.
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Level 8
Since: Aug 09
Saint Louis, MO
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Satan The Equalizer wrote: Are Africans really this stupid? China is colonizing Africa and they will show no mercy or quarter to blacks. The Friend of Your Enemy is still your Enemy. LOL! The white man DID colonize Africa. China MIGHT colonize Africa. See the difference, fool?
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Level 8
Since: Aug 09
Saint Louis, MO
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CalmResonator wrote: <quoted text> I used to believe that China helping Africa is a bad thing. But then I learned to respect their policies abroad because its the smart thing to do both foreign and domestic. I think Ghana is a good place for the USA to build good economic ties. Like you said Nigerians have to change their attitude and I believe at the moment Ghana has one of the best attitudes in west Africa. I fully agree. Ghana led Africa to independence. Now, I think Ghana has more educated citizens than any other country in Africa. Although corruption has spilled over the border from Nigeria into Ghana, Ghana is leading Africa towards cleaning up corruption. Jerry Rawlings' NDC party tried to claim Nkrumah's legacy. But in order to form a majority in the last election, they had to make a deal with People National Convention which is in negotiations with my Convention People's Party to merge and form one Party. Their deal gave them PNC's leader as Vice President. Now that Mills is dead, PNC has taken the presidency. Therefore, my CPP is effectively negotiating a share in power of the next government. But, there is a very real possibility that my CPP will gain so much support in this election that we will either lead the next government or be in a position to pretty much dictate insignificant policy. In a word, this is a return of Nkrumahism to power in Ghana. This places Ghana is a leadership position alongside Zimabwe for the Unifcation of Africa. Things will never be the same again. For example, I expect that Ghana and Zimbabwe will form the core of a United Africa in a matter of months, not years. Indeed, this is what I am pushing for.
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LION
Charlotte, NC
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Satan The Equalizer wrote: Are Africans really this stupid? China is colonizing Africa and they will show no mercy or quarter to blacks. The Friend of Your Enemy is still your Enemy. Hate to say this but you are right. And I am black. But keep in mind that africa is gradually coming up and really dont need china, or anyone else for that matter.
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LION
Charlotte, NC
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Judged:
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IGNORANT NEGROES need to start supporting their black owned banks and black owned credit unions need to form small investemnt groups and find things to invest in
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Barros Serrano
Reserve, NM
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CalmResonator wrote: Good post Jahx. I been reading on this and my thoughts are that China obviously sees the viability of African countries in the next ten to twenty years. Especially Nigeria in particular, the only problem is the worst enemy for the Nigerian Government is really theirselves. Why don't you nudniks investigate the history of China in Tibet since 1959... you think China wants to HELP Africa? LOL!!! FOOLS!
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“You Have Died Corfield!!”
Level 6
Since: Feb 12
Dervishes Were Thunderbolts!
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Judged:
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Better start learning Mandarin
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Level 8
Since: Aug 09
Saint Louis, MO
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Daquan Jackson wrote: <quoted text> China IS COLONIZING. How many colonies does China have so far? How many military bases do China have? Daquan Jackson wrote: <quoted text>Look, fool. Every country in Africa was colonized by white western racists, except Ethiopia. Last count China has not colonized even one although Sino-African relations go back before the white man crawled out of his cave in cold dark dank Europe. Europe even colonized China which is whay the Chinese people see eye to ey with Africans when it comers to colonilaism.
Ganghis Khan stopped at Egypt. But NATO still has a base in Djibouti. Plus, they have docking rights in Egypt and several other places. The USA has an African Command already in place to make military aggression in Africa. KKKlinton invaded Somalia. Obama bombed Libya. Reagn bombed Libya. israel attacked Ugnada. France intervened in Ivory Coast abd Guinea. White racist Europe has sanctions in place against Zimbabwe. But China has invested over $10 billion in Zimbabwe.
What effing rock did you just crawl out from?
[QUOTE who="Daquan Jackson"]<quoted text>You are too stupid to realize, the Chinese don't care about Africans nor do they have the MONEY or SUPPLIES to feed them.They can't even feed Chinese people, how do you think they're going to feed the Africans? They will be TAKING food from Africans and sending them back HOME. You are obviously stupid to say that the Chinese aren't using Africa. LOL!!! Do you think Greece has "money and supplies to feed Africa? What about Portugal? Oh! Maybe Ireland can "feed" us. Oh. I get it. Tha half African house slave in the White House can "feed" 1.5 billion Africans. Right? When Obama's fellow Uncle Tom came begging to the him after the election, Obama gave him excatly $78 million.(A few days later, th4e Chinese envoy went to visit our man Bobby Mugabe in Zimbabwe. While he was there, he forget to take $1 billion back to China. A couple weeks later, he sent another $10 billion to Zimbabwe. Obama's $78 million is not even 1% of China's over $10 billion in Zimbabwe. Numbers do not lie, fool. Oh. One other little detail I forgot to mention. France still has colones in Africa. Ever hear of Săo Tomé and Príncipe? What about Mayotte? What about Reunion? Those are three Franch colonies in Africa as we speak, fool.( http://en.wikipedia.org/wiki/List_of_French_p... ) UK is also still a colonial power. Again, how many colonies does China have anywhere in the world? What the eff is wrong with you? Are you crazy or what?
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Level 8
Since: Aug 09
Saint Louis, MO
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LION wrote: <quoted text> Hate to say this but you are right. And I am black. But keep in mind that africa is gradually coming up and really dont need china, or anyone else for that matter. You finally said something I agree with. Thanks.
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Level 8
Since: Aug 09
Saint Louis, MO
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LION wrote: IGNORANT NEGROES need to start supporting their black owned banks and black owned credit unions need to form small investemnt groups and find things to invest in If you are serious which I doubt, we already have a credit union project underway that will reach all across the country. As far as I know, I am the ONLY one with this capability. Contact me and we can work together. Also, I have the capability to arrange some very lucrative investment opportunities all across Africa for those who are interested. I will check Securities and Exchange Commission to be sure. But the projects I have do not require any USA government supervision, except the credit union must comply with federal law and regulations. We will comply and meet all government oversight requirements. I work on this almost every day. I need help to get this thing moving faster.
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Level 8
Since: Aug 09
Saint Louis, MO
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Judged:
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KushTheKid wrote: Better start learning Mandarin Good idea. Learn to read, speak and write Chinese and japanese and Urdu and Indonesian, etc. You will not have time to study any more French. The only French words you will ever need are "get the eff off African soil and stay off".
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Level 8
Since: Aug 09
Saint Louis, MO
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LION wrote: <quoted text> Hate to say this but you are right. And I am black. But keep in mind that africa is gradually coming up and really dont need china, or anyone else for that matter. I have decided to sign our credit union project up with Community Develoment credit Unions.( http://www.cdcu.coop/i4a/pages/index.cfm... ) This is to meet the unique needs of the average African community. The more i work on this, the better it looks and the better I see how to make this do what I want it to do and what the people need it to do.
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Level 8
Since: Aug 09
Saint Louis, MO
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Daquan Jackson wrote: <quoted text> Yes, maybe Africa will be on Haiti's level by 2090? Move to Africa, you are a smart negro right? Maybe you can help with Africa. Fool, Africa has the highest growth rates in the world right now. Africa passed Haiti long ago. China is secnd to Africa in terms of growth rates. And all of Europe and North America is far behind China.
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