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tolu ogunlesi Profile picture
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Feb 2 • 6 tweets • 3 min read
Made a vow to mostly mind my Biz this year. But when I see a horribly wrong, IGNORANT, stupid tweet like this, I can’t help diving in 😀

1. China doesn’t give you money to do as you please with.

2. Kano-Maradi Rail is NOT a Chinese project! mota-engil.com/wp-content/upl…

#thread
“China gave you loan to build railways and you decided to build one to the deserts of Niger.”

Clearly ignorant as to how these loans work. He thinks China just hands over cash and @NigeriaGov decides to do whatever they wish with the cash.

LMAO. This is really daft, sorry
All loans from China are tied to specific projects - so far the portfolio includes Rail, Airport and ICT projects. The details are public, on @DMONigeria website.

So the idea that Nigeria can decide what to use a loan for, post-approval, suggests this person KNOWS NOTHING
All of the rail loans so far have come from China Exim Bank. Bank pays contractor directly, doesn’t give money to @NigeriaGov.

If anything it is @NigeriaGov that even drops money, in the form of “counterpart” financing (usually 15%), as a condition for loan disbursement.
The other important point is that Kano-Maradi Rail is not a Chinese project - not in the financing, not in the selected contractor!

Mota Engil that won the contract is a Portuguese construction and logistics Group!

All of this info is just a Google Search away!!!!!!!!!! ImageImageImage
Meanwhile thousands of people have liked or RT’ed that nonsense.

You people should stop coming to this App to chat nonsense. Stop coming to pontificate on stuff you have zero knowledge or understanding of. Please.

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More from @toluogunlesi

tolu ogunlesi Profile picture
Feb 2
“Within 18 days between November 25th and December 13th 2021, the progressive administration of President Muhammadu Buhari handed over 941 km of (rehabilitated) roads connecting 10 States in five geo-political zones across the country.” — HM @tundefashola, Min @FMWHNIG

#Thread
Sokoto - Tambuwal -Jega - Kontagora - Makera Road Phases I & II in Sokoto and Kebbi States. Commissioned and Handed-over on Thursday November 25, 2021.

#infrastructure

See Testimonials and Photos below:
November 29, 2021: Vandeikya—Obudu Cattle Ranch Road (Phases I and II) in Benue State, commissioned and handed over by @FMWHNIG

#PMBInfrastructure

Testimonials and Photos:
Read 6 tweets
tolu ogunlesi Profile picture
Jan 29
When you realize the extent to which Int’l Media sometimes get Nigeria wrong, you start to question your acceptance of their default reporting about other parts of the world you’re not familiar with.

If they can get this wrong, what else are they getting wrong?
[That’s of course not to say local media isn’t just as guilty of getting Nigeria wrong. Examples abound. But the earlier point was meant to focus on Int’l media. Local media = another chapter entirely].
One of biggest successes of traditional ‘Western’ media has been the ability to elevate a very specific,limited, often-flawed POV (hereinafter known as “Bias”) to the realms of Objective Standard, regarding reporting about ANY part of the world. An admirable achievement,no doubt.
Read 7 tweets
tolu ogunlesi Profile picture
Jan 13
Second and final thread for the day will be #PMBinOgun.

PMB has arrived and done the first two commissionings (of a total of 5), of the Ijebu Ode-Mojoda-Epe Road, and the new Gateway City Gate, at the Sagamu Interchange.

@dabiodunMFR @OGSG_Official
“Mr. President, may I now provide a panoramic view of the five projects that have been scheduled for commissioning today.” — @dabiodunMFR “Mr. President, may I now provide a panoramic view of the
“The Gateway City Gate where we are now, for instance, is an iconic monument that not only beautifies the environment, but a reflection of the new approach to governance in the State. It symbolizes the convergence, harmony & unity amongst all the groups & sections of the State.”
Read 11 tweets
tolu ogunlesi Profile picture
Jan 13
.@NigeriaGov Policy Highlights of 2021, starting with the first half.

[Got myself reacquainted with Facebook in the last 6 months. Much of what will follow has already made its debut there]

A long-ish thread (might take time to finish because we’re in Ogun today for #PMBinOgun)
Signing Ceremony of OML 118 Agreements between @NNPCgroup and Contractor Parties (Shell, Exxon, TOTAL and NAOC), to settle longstanding disputes on the field and also renew production for twenty years. NNPC says the dispute resolution will unlock $10bn of new investment.
Digital Switch Over (DSO) launch in Lagos, marking the transition from analogue to digital television broadcasting in the country’s most populous State (and nation’s commercial hub).
Read 32 tweets
tolu ogunlesi Profile picture
Jun 1, 2021
Check this out y’all. A Technical Training partnership between @DangoteGroup & Germany’s @VDMAonline - German Mechanical Engineering Industry Association (Mech. Engineering employs more than 1.3m people in Germany - and is one of the solutions to Nigeria’s unemployment challenge)
“On June 2nd 2021, Aliko Dangote Foundation and VDMA’s Foundation for Young Talent will officially launch their joint TVET-programme, the “ADF-VDMA Technical Training Programme”.” vdma.org/en/viewer/-/v2…
“NIGERIAN INDUSTRY MEETS GERMAN ENGINEERING”

@DangoteGroup-@VDMAonline Technical Training Programme

dangote.com/wp-content/upl…
Read 4 tweets
tolu ogunlesi Profile picture
May 26, 2021
(1/2) As of 2015, NNPC was owing more than $6 billion in unpaid Cash Calls for JVs with IOCs. @IbeKachikwu negotiated a nice discount & repayment plan. @DrMKBaru (RIP) and @MKKyari have continued the payments. As of Q4 2020, more than $3 billion of post-discount arrears paid off.
(2/2)

Mobil’s arrears fully cleared: google.com/amp/s/mobile.r…

Outstanding ones include arrears owed SPDC, CNL, TOTAL and NAOC. All will be paid.

[Even during the years of $100 oil nobody thought it made sense to keep up with Cash Call obligations or clear outstandings]
References/Addendum: (Been following this for a few years):

1.
Read 5 tweets

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