Am not at all surprised the way the subscribers are increasing on this platform, this kinds of content cannot but gather subscribers Thanks Jude for all this illuminating content am glad I joined the trained early...
I can thank you enough for the time and sacrifice you pour into this work with passion to open the eyes of many who are in dark of our govt both local and International 😊😊
I appreciate your effort, time, resources and energy you have put in this exquisite video and even other videos on your channel. If only people can be wise to see the lessons you are passing across. Thank you
I lived in China for six years. You're very right my man! We're not ready for what's coming! It's gonna be a tsunami! i hope we don't end up like what happened to our ancestors during the slave trade!
You should do a video on the History and Origin of Fulanis,how they have enslaved the Hausa ethnic group and how they have a militia taking over more lands and killing people in the Sahel and now in Nigeria.
A borrower is a slave to the Lender. Stay out of debt as much as possible. China's wants to be a Super Power with loans and terms written in Chinese. Nigeria is already a victim.
Jude, you are so good in your thorough explanation of the topic chosen. i have seen some of your videos and i am very impress, hence i will like to see the rest of your videos .
Great work with the extensive research and quality compilation, Jude 👏🏾 My only concern is that there are no credits given to the sources of the video clips used, or maybe I missed that. A helpful suggestion? You be the judge of that 😃
Very well researched man❤️👍 Try looking into China's debt trap in Nigeria and how Nigeria is partially becoming an Islamic state, because it makes no sense for a poverty ravaging, underdeveloped, debt drowning country Nigeria to donate millions of dollars to a developed, prosperous Islamic country Turkey. It is WILD, to say the least.
Thanks. I'm deep into research on the debt trap. And while I like to keep an open mind about the Turkey situation you just mentioned I doubt there's anything shady going on there. Not ruling it out though 😀
@@realjudebela yeah man, everyone feels sorry for the recent Turkey earthquake with the loss of lives and properties, but the fact is that all developed and rich countries around the world poured tons and tons of aids to Turkey speedily and still standing by them on ground helping them to rebuild. Nigeria could have just sympathize and send Turkey condolences. After all same Nigeria never lift a finger for the African countries that was affected by same natural disasters in the same time. But no, our mumu government would rather donate money they don't have on charities that their help is not needed for, while the country is torn apart economically and probably at the brink of bankruptcy. FYI, I'm not a Christian, I'm just trying to make common sense here y'all.
@@biochar. Calm down bro. Nigeria and turkey had great economic partnership, remember web Erdogan visited Nigeria last year, he got interested in Nigerian ships and Nigeria is willing to buy some of Turkish drones, sparking noise from France, in it's ability to maintain influence over West Africa air power and superiority. See, not everything in international politics is Church and mosque. Or making it look like community neighborhood interaction. International politics is very tactical and wide. I'll give you few instances. In this same situation, Isreal sent lots of aid workers to Turkey, are they also islamising ? When USA bombed Japan with nuclear bombs, today js one Is one of USA closest allies, one would have thought, why not ab adversary ? In international politics, you forget worries of yesterday fir gains of Future. Learn more bro.
I know about this project and have done great research on it over the years… u nailed it… can we trust China but again these countries sign deals and take loans and the terms must be honoured… great piece of work here Jude
Hi Femi. I stumbled on a report presented in Chinas parliament of such “investments / loans” and their values in the countries involved but cannot find it. Do you by chance have it? I’m particularly keen on those for Nigeria. @JudeBela, can you assist as well?
Well, China reportedly gave Nigeria $6 Billion for a dam. Kenya has a railway constructed, maintained and managed by China. All these projects are not generating any good revenue for the host countries. That is where the problem lies.
@@realjudebela that's false, the used of transport networks stimulate any economy in the movement of goods. It goes far beyond who operates the railway selling tickets
Biafra and Yoruba Nation should dissociate themselves from Nigeria before China takes over Nigeria. Since they are incapable to lead maybe China will make a better leader for them up there.
Uncle Jude silver and gold I don't have to give you but all I can say the wisdom from above that open door that no mortal man can shut God will release on you thanks fir a job well done
Jude please, I would like you to help Nigerians by informing us, (if u can) of the amount of money given to both senators and house of reps members for constituency development Funds. We have heard a lot of figures in the past and i will like Nigerians to know this Information. Thanks
There's nothing wrong with China's ambitious economic agenda around the world. It all depends on how you go about doing it. Unlike the West, led by the US, China doesn't go about doing it through war mongering, regional and international gangstarism, international distabilization, genocide, regime change, dictatorship, threat or any kind of intimidation. With that being said, if you sign a deal whereby you put the territorial sovereignity of your country on the line, just because you want money for your own selfish interests, rather than for the interests of your people and your country, then that's on you.
Africa needs to be real careful and play her cards right. Without strong leaders like Gaddafi who was murdered by the West, we must be careful not to throw all our cards on the table. I sincerely believe that Africa should lean completly left while shaking a few hands on the right for the sake of balance.
What is imf loans used for? At least, China loans are giving the world tangible assets that could never have been possible with imf loans. It is like your father inlaw has given you a wife and you still expect your father inlaw to help you sleep with your wife. With imf loans, the country remain poorer but for Chinese lo loans you can see the physical development and politicians are not able to pocket all the money.
Thanks for the documentary, Jude. I'll just like to add that China's BRI isn't debt-trap diplomacy per se. If they offer to manage a facility in a state, it is to ensure profitability. You can't cede territory like that under international law. It's even in the Chinese government's interest to make such cessation more direct so that they can benefit from any likely economic resources. I participated in a program organised by the US Library of Congress, where they analysed this extensively, and we found that there really isn't any truth to the narrative of debt-trap diplomacy. It's the same as investing in any country and hoping that they pay back later. International development works that way.
Thanks for the clarification. Even though some of the projects have not really been beneficial to the host countries if we want to analyse it. Take for example the Kenyan railway project, it's run by Chinese company, it has left a heavy debt on the country with little revenue for them. The empty airport in Sri Lanka, I wonder what economic value it serves to the country which few months ago ran into serious debt crisis that led to the collapse of the government. The Nigerian Dam project has left the country with debt with no real economic value to the country. The economic benefits promised seem to be on paper. All these countries have shiny new projects, some used by politicians for campaign purposes and not serving any real economic benefit to the citizens. And the conclude, the strategic nature of the BRI and the countries being targeted has led to suspicions that China is trying to control maritime network which will be a big deal. As you may already know, these BRI nations don't vote against China in the UN, so this might actually be a debt trap diplomacy.
@@realjudebela Thanks again Jude. I agree that mega projects in many developing economies (or LDCs) aren't profitable - at least not yet. It's also true that LDCs usually have a higher debt burden after these projects. But the fact is that we can't downplay the benefits of some projects. Granted that a dam in Nigeria isn't providing optimal performance as it should, there is a fair chance that a better economic management team or President would put it to use. It has been placed there to address the power deficit in the country. It's left to the country to utilise it to cut down its public expenditure on more expensive power generation systems and use the dam. If they can support SMEs and boast the emerging markets with revenue saved from that, they can pay back their loans. I recall fondly that Sheikh Al-Maktoum of Dubai was recorded as being wasteful when he undertook to build a large dry port, but he did it anyway. Today, his son is the present ruler and is utilising the port in ways his father only imagined. Africa needs to build infrastructure that reflects and projects its estimated growth rate. An extensive rail network in Kenya sounds wasteful now, but in 20 years (or 2050), Africa will be competing as the most populated region in the world. What sounds like overpopulation is actually an opportunity. You know that we hail Abuja for being a city built with future concerns in mind. The roads were way larger than Lagos. Today, many people prefer the Abuja life to Lagos life because of the key difference in project delivery with future considerations. You know, this topic is really good and if you press further, we should have sub-topics like "why is Africa in constant default" or "beyond aid for African LDCs". I know that Sri Lanka was a bad example, but I also have been looking at the model they practice. We know that they fell due to corruption and fiscal irresponsibility. It wasn't really the Chinese debt that affected them. You may recall that China tries to prop up its neighbours and prevent economic collapse a lot. See the recent example of Pakistan. Lastly, we should remember that debt is never really paid off. It's serviced. A lot of countries owe China. Nigeria's debt to China is just over $4B, and our FX reserves are $37B strong (cbn.gov.ng/intops/reserve.asp). The USA owes China well over $850B. There's nothing really sinister in owing China money. The mistake is that many countries haven't been prudent. But Nigeria has never defaulted on debt service to China, so it's pretty sustainable for us. With better management, Africa will overcome its debt problems. After all, if we weren't owing China, it would be the IMF or WBG. My boss. Thank you again for engaging with me. It's a big deal that you took the time to respond. I am so grateful.
@@realjudebela I forgot to address the point of voting against China. On a lighter note, you know that none of the US' friends vote against them at the UN naw... You and I know the several human rights abuses US forces committed in Afghanistan and Iraq. The former ICC Prosecutor, Fatuo Bensouda, decided to investigate them and they sanctioned her and so many good people working in the ICC. All the allies kept quiet. In international politics, some countries will always have a team. We shouldn't be alarmed that China is building their own team. By the way, do you think Nigeria would have more economic viability as a member of the BRICS group, or should we stay unaligned officially?
Thanks. Well, our alliance with China has no doubt brought development and I believe every nation needs allies. I'm just skeptical about our "friendship" with China. Although I don't think the U.S. are without flaws. I think in international relations it's a matter of dealing with the lesser of two evils.
Guys which is better IMF, World Bank or loan from China. Conditions that are attached to both IMF and World Bank loans are more draining economically compared to that from China. Loan facility and administrative fees from both are too expensive. China assistance in infrastructure development in Africa is a win win for both parties involved, what has the West done to lift Africa from poverty. It has always been same old stories of us depending on them and when you question them sanctions follows.
Chinese Republic of Djibouti and Chinese Republic of Thailand 🤔😥🤷 Now they have a 45 years lease on the Lekki Deep Sea Port, Lagos. Nigeria what is the true cost of the Chinese loans 😥👀? Paper money in exchange for our crude oil, gold, our fishng grounds, maritime resources, hydro-power, mineral resources, precious stones, man-power etc.
When our country are too poor to build an ordinary sea port what did you expect. It's either we payback the loan with massive debt on our neck or we continue to lease out our property for 45 years. It's up to us to decide
After going through all the comments made by @Jude Bela in the comment session, I can only thank you for bringing a bit of geopolitical enlightenment to Nigerians. but on the other hand, I will implore you to observe the geo-political dynamics very well and do more research to see who is who if you want to cover geo-politics. I also implore you not to recommend the US method to any Nigerian or African.. instead you should just give your own open-minded information as a content creator and let viewers make their choices. anything short of that will make you look like one of those Western propaganda mouth-piece propped by the CIA. The world is tired of them now, appetite has risen for fresh alternative views. Weldone Bro
@@realjudebela bro, whether you like it or not, world powers will rise and fall. Their means towards that remains in history books. They're just stories. And I don't see anything stopping China rise, seeing it's growth in last 30years. Oh! It's america that doesn't put countries in debt trap ?? Let's see down to compare how america sponsor wars, to get gains. Invades countries to exploit resources, pay revels to expell government, to maintain resources like it did in liberia. Etc. Stop all these speculations, at least china is ready to build for Africa for prosperity and growth with economic influence. What has the west done other than colonialism and invasion. Let's talk about how the west plundered India and many other countries resources. Divided countries. Had China done any of that. Stop intensifying the west voice over Chinese influence.
@@realjudebela Am telling you bro have been following and tracking them for years - In December 2018, Uganda also integrated Mandarin Chinese as a second language into their schools.
@JudeBela, thank you for a nice documentary.. However, Bros the mathematics does make sense to me. If China borrows billions to build infrastructure to poorer countries and these countries cannot pay, debt will still be in China's balancesheet since the countries has defaulted on the loan. So how does China recup that loan through seizing an airport that nobody visits and a port with low economic activities? Do they have influence? Yes but I don't know how that will translate in repairing the debt. 99 years lease possibly can but I will like to see economic plan for that debt recovery. Except they are serving the loan by another means, China is in trouble financially for these defaulted loans. Also if you say China's private sector is not involved in BRI then which Chinese construction companies are doing the infrastructure building in Asia and Africa?
There's a detailed answer to these questions in the sources I dropped in the description box above. Do have a read of the Belt and road initiative. It is majorly China’s desire to control these trading routes. The project is yet to record any profit for China. But at least the Asian giants now have influence in these regions. Check out how these countries have voted in UN resolutions involving China of late.
@michgoo7275. If the Countries defaults on their loans, then they'll Pay with their natural resources. It's already happening in various African Countries like Congo, Kenya, Uganda, just to name a few.
It's true that there's an agenda behind the Belt n Road initiative, but there's always an Agenda in every form of foreign help. Either dependence through Goods, Foreign country bettering their image, or making money through loans that our countries desperately need. This time, china making money on loans and providing work for its contractors. But honestly, this is the best Deal African countries can get if we want to get into a state of rapid development. It's the lesser evil, and also not a bad idea to have multiple big players in the world politic scene. Having one country being say all be all means there's no freedom of choice. I welcome the BNI cause it brings development in critical infrastructure and at provides more than all the other predatory loans we've had to take till now
Historically the strengths of China has always been based on trade. So someone intelligent looked to the past to build their future. Africa will do well to look back to its ancient past to determine its future and cut off the European continent and all of the Western countries that came out of it from benefiting from Africa’s natural resources in an exploitative way. It’s the best way forward for Africa with over 50 percent of the entire planet’s natural resources under our feet.
China China China, this country that Africa is in bed with will deal with us eventually o. Almost all African, Middle Eastern, and South American countries are running to join BRICS as well. The world will look very different by 2030🚶🏽♀️
@@realjudebela Am really surprised you asked why? Have you seen the impact of the Western sanctions on poor countries. Why can’t countries choose the countries they want to do business with without threats of sanctions or seizure of the countries foreign reserves just because it is saved in their countries. BRICS will give countries alternative choice and that will give them opportunities to trade and do business with countries of their choice. Look at Saudi Arabia, economic situations with the USA and it’s allies has been frosty of late. But moving more closer to China, Russia and other Arabian countries has helped them a lot economically.
You've made really great points. But China is doing exactly what the U.S. is doing, just not with sanctions. Have you seen some of the agreements in these loans China give to African nations? It's nothing short of modern slavery. The rail line constructed for Kenya for example, China gave them the loan but not in cash. They brought in Chinese companies to build the railways, the train is managed by chinese companies, the workers are Chinese, but the government of Kenya has to pay the debt to China. How does that make sense? China is basically using these 3rd world countries to create employment for its citizens because there's no more infrastructural development going on in mainland China. Look through my sources and read some of these things for yourself.
@@realjudebela very detailed point you've got their population is much and jobs aren't much available... So what do they do, they create jobs outside other countries and bring their citizens there to work....china is really rolling their cards 🤔
How do you say you this "empty airport" without mentioning its name or country of origin? Over the Sri Lanka port kindly revisit your notes, you've merely reproduced western propaganda.
Lol like you were blind to see when the country was suffering for basic things like drugs, fuel and so many other things, their economy was about to crashed, the country was begging for IMF Bail out, all thanks to Chinese death trap loans, the people had to protest and chase out their president out of the presidential villa because the hardship was too much.
In your summary, it is obvious that you do not support this China's BRI that many countries are happily jumping into because of developmental opportunities. I was expecting to hear from you an alternative advice for these developing countries that are deemed to benefit from BRI. I suppose you would rather support the continuous neo-colonization of the developing countries' resources by the Western Countries. Can you remember or mention any major infrastructure like airport, seaport, or road projects built or being built by any Western nation in Africa without interfering in the internal affairs of the country? This debt trap slogan is just a Western propaganda to many ignorant Africans. I do believe in what Chinese believe: that it is better to chew or eat bitter food and be free, than to eat sweet food and be a slave. I wish you also mentioned how Chinese rose to be an economic superpower today - how the Western Countries murdered, enslaved, ravaged, and occupied them until 1946 when CCP was formed by just 4 revolutionalist men. Western Countries have kept us, Africans, undeveloped for decades and will continue to do so. All wise Africans should support its people or nations to take advantage of these Chinese developmental offers, and negotiate wisely. Western Countries can only offer us sweet food and keep us undeveloped. That's what they know best. If BRI is bad as you portray it, why is BRICS now becoming BRICS+? You can only remain a victim of a bully until you get a defender. Much love. Much love.
As someone who has had his rights violated, it It's a bit shocking to hear you talk about gay rights, which are human rights getting relegated to merly a cultural issue. Being told by the West that getting hanged or locked up for fourteen years is bad shouldn't just be a "cultural issues." By the way, the belt and road initiative have mostly all failed because oftentimes when china gives out money to these countries its usually squandered which by the way this is something that Western countries that lend out money to poor countries have also been dealing with. Although this is not to make western countries look like angels they also come with their own baggage.
How do you say "this empty airport" without mentioning its name or country of origin? Over the Sri Lanka port kindly revisit your notes, you've merely reproduced western propaganda.
When chinko started hiring retired generals, flight commanders, pro pilots from the US that's when I knew the downfall of the oyinbo is at hand. But take it or leave it the chinko is more dangerous than oyinbo I'll say it any day, the devil you know is way more better than the angel you don't know and I can tell you, it the chinko finally succeeds in thier current quest and campaign for dominance it will be hard for any other supper power to rise.
Hi friends, this is a documentary I made in 2022 on the Belt and Road Initiative. Its over a year ago. But enjoy! 😂
I watch a lot of Geo politics and foreign affairs videos .. I’m impressed seeing videos from a Nigerian that covers these topics . Good work
Thank you so much
Am not at all surprised the way the subscribers are increasing on this platform, this kinds of content cannot but gather subscribers
Thanks Jude for all this illuminating content am glad I joined the trained early...
Whenever I see your notification, my heart leaps for joy because am about to learn new things... Kudos 👍. God bless and keep you
Thank you.
Your production quality is superb...keep it up Jude, your channel will surely go far
I can thank you enough for the time and sacrifice you pour into this work with passion to open the eyes of many who are in dark of our govt both local and International 😊😊
I appreciate your effort, time, resources and energy you have put in this exquisite video and even other videos on your channel.
If only people can be wise to see the lessons you are passing across.
Thank you
The belt and road project has stalled
I need to learn this investigate work from you. Always detailed and precise..kudos brotherly.
I lived in China for six years. You're very right my man! We're not ready for what's coming! It's gonna be a tsunami! i hope we don't end up like what happened to our ancestors during the slave trade!
You should do a video on the History and Origin of Fulanis,how they have enslaved the Hausa ethnic group and how they have a militia taking over more lands and killing people in the Sahel and now in Nigeria.
Do not stop bro... Do not
Good work.
Please make video on BITCOIN
Another wonderful piece Jude. Keep up the good work. A super fan here.
Many thanks!
SHUGABA, Thank you so much for this video. Makes Alot of sense.
A borrower is a slave to the Lender. Stay out of debt as much as possible. China's wants to be a Super Power with loans and terms written in Chinese. Nigeria is already a victim.
Thank you very much Jude fore this eye opening.
Very enlightening. May we be saved from China's attempt at global economic hegemony. Really good quality production here. Keep up the good work. 👍
So nicely explained in detail, so much energy poured into research ✌️
Thanks again for sharing another informative video. Much appreciated
Jude, you are so good in your thorough explanation of the topic chosen. i have seen some of your videos and i am very impress, hence i will like to see the rest of your videos .
There is only one superpower and that is The Most High.
Great work with the extensive research and quality compilation, Jude 👏🏾
My only concern is that there are no credits given to the sources of the video clips used, or maybe I missed that. A helpful suggestion? You be the judge of that 😃
Please keep on the good work bro 🙏
You are the Best man 💯💯💯
Very well researched man❤️👍
Try looking into China's debt trap in Nigeria and how Nigeria is partially becoming an Islamic state, because it makes no sense for a poverty ravaging, underdeveloped, debt drowning country Nigeria to donate millions of dollars to a developed, prosperous Islamic country Turkey. It is WILD, to say the least.
Thanks. I'm deep into research on the debt trap. And while I like to keep an open mind about the Turkey situation you just mentioned I doubt there's anything shady going on there. Not ruling it out though 😀
@@realjudebela yeah man, everyone feels sorry for the recent Turkey earthquake with the loss of lives and properties, but the fact is that all developed and rich countries around the world poured tons and tons of aids to Turkey speedily and still standing by them on ground helping them to rebuild.
Nigeria could have just sympathize and send Turkey condolences. After all same Nigeria never lift a finger for the African countries that was affected by same natural disasters in the same time.
But no, our mumu government would rather donate money they don't have on charities that their help is not needed for, while the country is torn apart economically and probably at the brink of bankruptcy.
FYI, I'm not a Christian, I'm just trying to make common sense here y'all.
I get your point. But I think this may be farfetched.
@@biochar. Calm down bro. Nigeria and turkey had great economic partnership, remember web Erdogan visited Nigeria last year, he got interested in Nigerian ships and Nigeria is willing to buy some of Turkish drones, sparking noise from France, in it's ability to maintain influence over West Africa air power and superiority.
See, not everything in international politics is Church and mosque. Or making it look like community neighborhood interaction. International politics is very tactical and wide. I'll give you few instances.
In this same situation, Isreal sent lots of aid workers to Turkey, are they also islamising ?
When USA bombed Japan with nuclear bombs, today js one Is one of USA closest allies, one would have thought, why not ab adversary ? In international politics, you forget worries of yesterday fir gains of Future. Learn more bro.
@@afolabifaruq9606 God bless u bro ,more wisdom...he needs to learn more of international relation politics...
Nice video.but you should run TH-cam ads on channels like coldfusion and polymatter you guys have similar content
Oh... I'm late for class... 👂🏿... Let me get my note ✍🏽
Great job... as wonderful as WION...! 👍🏽
😂
Thank you.
Great analysis as usual. My only reservation about it was the lack of analysis on the impact of the Belt and Road Initiative on Nigeria.
Well done on this video. Super informative but I thought you would have also sighted some of the projects in Nigeria, the cost and how they are going
Very informative and well made video 🇳🇬
Great review and insight.
Always showing facts. I thank God for you
See speed I use click am 😂 I love your work bro ❤
Legend!
Thank you so much.
I know about this project and have done great research on it over the years… u nailed it… can we trust China but again these countries sign deals and take loans and the terms must be honoured… great piece of work here Jude
Hi Femi. I stumbled on a report presented in Chinas parliament of such “investments / loans” and their values in the countries involved but cannot find it. Do you by chance have it? I’m particularly keen on those for Nigeria. @JudeBela, can you assist as well?
Well, China reportedly gave Nigeria $6 Billion for a dam. Kenya has a railway constructed, maintained and managed by China. All these projects are not generating any good revenue for the host countries. That is where the problem lies.
@@realjudebela that's false, the used of transport networks stimulate any economy in the movement of goods. It goes far beyond who operates the railway selling tickets
Jude thanks for always revealing the dark side of our Governments
Buhari has sold us out
That's the former president of Tanzania btw! He passed away. I think they have a female president now
Our Nigerian "Jonny Harris". I see you guys doing a piece together very soon.
Biafra and Yoruba Nation should dissociate themselves from Nigeria before China takes over Nigeria. Since they are incapable to lead maybe China will make a better leader for them up there.
I cant believe we’re living the pot into the fire.
Uncle Jude silver and gold I don't have to give you but all I can say the wisdom from above that open door that no mortal man can shut God will release on you thanks fir a job well done
Make another video on how it concerns Nigeria
Lucky I got this recommended by TH-cam.
In this era, we are witnessing a shift in global power dynamics, making it a truly remarkable time to be alive and experience it.
Jude, that black background does a better job. However, your content is always superb anyways.
Nice content Jude. I paid for your course, but can't access it. I need guidelines or a mail address I can reach
Reach out via Instagram, @realjudebela. The course should be available for you once you login.
The view you gave on Sri Lanka differs from Cyrus Janssen's view. I am now confused over this.
Jude please, I would like you to help Nigerians by informing us, (if u can) of the amount of money given to both senators and house of reps members for constituency development Funds. We have heard a lot of figures in the past and i will like Nigerians to know this Information. Thanks
Buhari is a number one beneficiary
Abuja-Makurdi road 😢
What do you use to edit your videos
Premiere pro and After Effects
"Secretly" I laugh in Congolese
😅😅
There's nothing wrong with China's ambitious economic agenda around the world. It all depends on how you go about doing it. Unlike the West, led by the US, China doesn't go about doing it through war mongering, regional and international gangstarism, international distabilization, genocide, regime change, dictatorship, threat or any kind of intimidation.
With that being said, if you sign a deal whereby you put the territorial sovereignity of your country on the line, just because you want money for your own selfish interests, rather than for the interests of your people and your country, then that's on you.
Kudos
Africa needs to be real careful and play her cards right. Without strong leaders like Gaddafi who was murdered by the West, we must be careful not to throw all our cards on the table. I sincerely believe that Africa should lean completly left while shaking a few hands on the right for the sake of balance.
Agreed. All the strong African leaders who have spoken out against these people have ended up dead via coup or some form of uprising.
What is imf loans used for? At least, China loans are giving the world tangible assets that could never have been possible with imf loans. It is like your father inlaw has given you a wife and you still expect your father inlaw to help you sleep with your wife. With imf loans, the country remain poorer but for Chinese lo
loans you can see the physical development and politicians are not able to pocket all the money.
You scared me, I thought it was new news...
Still happening.
i fear what the world will become in the future. god i beg just open ground make all we just return to where we came from
Thanks for the documentary, Jude.
I'll just like to add that China's BRI isn't debt-trap diplomacy per se. If they offer to manage a facility in a state, it is to ensure profitability. You can't cede territory like that under international law. It's even in the Chinese government's interest to make such cessation more direct so that they can benefit from any likely economic resources.
I participated in a program organised by the US Library of Congress, where they analysed this extensively, and we found that there really isn't any truth to the narrative of debt-trap diplomacy.
It's the same as investing in any country and hoping that they pay back later. International development works that way.
Thanks for the clarification. Even though some of the projects have not really been beneficial to the host countries if we want to analyse it.
Take for example the Kenyan railway project, it's run by Chinese company, it has left a heavy debt on the country with little revenue for them.
The empty airport in Sri Lanka, I wonder what economic value it serves to the country which few months ago ran into serious debt crisis that led to the collapse of the government.
The Nigerian Dam project has left the country with debt with no real economic value to the country.
The economic benefits promised seem to be on paper. All these countries have shiny new projects, some used by politicians for campaign purposes and not serving any real economic benefit to the citizens.
And the conclude, the strategic nature of the BRI and the countries being targeted has led to suspicions that China is trying to control maritime network which will be a big deal.
As you may already know, these BRI nations don't vote against China in the UN, so this might actually be a debt trap diplomacy.
@@realjudebela
Thanks again Jude.
I agree that mega projects in many developing economies (or LDCs) aren't profitable - at least not yet.
It's also true that LDCs usually have a higher debt burden after these projects. But the fact is that we can't downplay the benefits of some projects. Granted that a dam in Nigeria isn't providing optimal performance as it should, there is a fair chance that a better economic management team or President would put it to use. It has been placed there to address the power deficit in the country. It's left to the country to utilise it to cut down its public expenditure on more expensive power generation systems and use the dam. If they can support SMEs and boast the emerging markets with revenue saved from that, they can pay back their loans.
I recall fondly that Sheikh Al-Maktoum of Dubai was recorded as being wasteful when he undertook to build a large dry port, but he did it anyway. Today, his son is the present ruler and is utilising the port in ways his father only imagined.
Africa needs to build infrastructure that reflects and projects its estimated growth rate. An extensive rail network in Kenya sounds wasteful now, but in 20 years (or 2050), Africa will be competing as the most populated region in the world. What sounds like overpopulation is actually an opportunity.
You know that we hail Abuja for being a city built with future concerns in mind. The roads were way larger than Lagos. Today, many people prefer the Abuja life to Lagos life because of the key difference in project delivery with future considerations.
You know, this topic is really good and if you press further, we should have sub-topics like "why is Africa in constant default" or "beyond aid for African LDCs".
I know that Sri Lanka was a bad example, but I also have been looking at the model they practice. We know that they fell due to corruption and fiscal irresponsibility. It wasn't really the Chinese debt that affected them. You may recall that China tries to prop up its neighbours and prevent economic collapse a lot. See the recent example of Pakistan.
Lastly, we should remember that debt is never really paid off. It's serviced. A lot of countries owe China. Nigeria's debt to China is just over $4B, and our FX reserves are $37B strong (cbn.gov.ng/intops/reserve.asp). The USA owes China well over $850B. There's nothing really sinister in owing China money. The mistake is that many countries haven't been prudent. But Nigeria has never defaulted on debt service to China, so it's pretty sustainable for us. With better management, Africa will overcome its debt problems. After all, if we weren't owing China, it would be the IMF or WBG.
My boss. Thank you again for engaging with me. It's a big deal that you took the time to respond. I am so grateful.
@@realjudebela
I forgot to address the point of voting against China.
On a lighter note, you know that none of the US' friends vote against them at the UN naw... You and I know the several human rights abuses US forces committed in Afghanistan and Iraq. The former ICC Prosecutor, Fatuo Bensouda, decided to investigate them and they sanctioned her and so many good people working in the ICC. All the allies kept quiet. In international politics, some countries will always have a team. We shouldn't be alarmed that China is building their own team.
By the way, do you think Nigeria would have more economic viability as a member of the BRICS group, or should we stay unaligned officially?
I love the insight, thanks.
Thanks. Well, our alliance with China has no doubt brought development and I believe every nation needs allies. I'm just skeptical about our "friendship" with China. Although I don't think the U.S. are without flaws.
I think in international relations it's a matter of dealing with the lesser of two evils.
Guys which is better IMF, World Bank or loan from China. Conditions that are attached to both IMF and World Bank loans are more draining economically compared to that from China. Loan facility and administrative fees from both are too expensive. China assistance in infrastructure development in Africa is a win win for both parties involved, what has the West done to lift Africa from poverty. It has always been same old stories of us depending on them and when you question them sanctions follows.
Good point. But you don't want to owe China.
Belt & Road paid for by Sweat & Blood
Chinese Republic of Djibouti and Chinese Republic of Thailand 🤔😥🤷
Now they have a 45 years lease on the Lekki Deep Sea Port, Lagos.
Nigeria what is the true cost of the Chinese loans 😥👀?
Paper money in exchange for our crude oil, gold, our fishng grounds, maritime resources, hydro-power, mineral resources, precious stones, man-power etc.
Exactly!
When our country are too poor to build an ordinary sea port what did you expect. It's either we payback the loan with massive debt on our neck or we continue to lease out our property for 45 years. It's up to us to decide
@@victorakinola9871 The worst thing is, African Countries are not poor at all. It's all by design.
After going through all the comments made by @Jude Bela in the comment session, I can only thank you for bringing a bit of geopolitical enlightenment to Nigerians. but on the other hand, I will implore you to observe the geo-political dynamics very well and do more research to see who is who if you want to cover geo-politics. I also implore you not to recommend the US method to any Nigerian or African.. instead you should just give your own open-minded information as a content creator and let viewers make their choices. anything short of that will make you look like one of those Western propaganda mouth-piece propped by the CIA. The world is tired of them now, appetite has risen for fresh alternative views.
Weldone Bro
Thanks for your feedback. I’ll keep learning.
It been 2 weeks since your last video . Hope you are ok . Your channel has been quite . We have been waiting for post from you
we don't need to worry about any thing if we are able to pay our debt's
Yea, until we're using more than 70% of our gdp to pay debt. Oh we're already doing that...
@@realjudebela bro, whether you like it or not, world powers will rise and fall. Their means towards that remains in history books. They're just stories.
And I don't see anything stopping China rise, seeing it's growth in last 30years. Oh! It's america that doesn't put countries in debt trap ??
Let's see down to compare how america sponsor wars, to get gains. Invades countries to exploit resources, pay revels to expell government, to maintain resources like it did in liberia. Etc.
Stop all these speculations, at least china is ready to build for Africa for prosperity and growth with economic influence.
What has the west done other than colonialism and invasion. Let's talk about how the west plundered India and many other countries resources. Divided countries. Had China done any of that. Stop intensifying the west voice over Chinese influence.
8 trillion is not 40% of global economy. Not even close
True big brothers in the world .China👍.not American❌
🚶Well you read my mind... Wait till they tell our kids to start speaking Mandarin lol
😅😅😅
@@realjudebela Am telling you bro have been following and tracking them for years - In December 2018, Uganda also integrated Mandarin Chinese as a second language into their schools.
I don't know why all of you are against China for me China policies are still the best compare to the west.
You need to educate yourself about China 🇨🇳
Every nation is a potential superpower, sadly most nations would rather depend on other nations to do the thinking
Thats what the US wants you to think......
@JudeBela, thank you for a nice documentary.. However, Bros the mathematics does make sense to me. If China borrows billions to build infrastructure to poorer countries and these countries cannot pay, debt will still be in China's balancesheet since the countries has defaulted on the loan. So how does China recup that loan through seizing an airport that nobody visits and a port with low economic activities? Do they have influence? Yes but I don't know how that will translate in repairing the debt. 99 years lease possibly can but I will like to see economic plan for that debt recovery. Except they are serving the loan by another means, China is in trouble financially for these defaulted loans.
Also if you say China's private sector is not involved in BRI then which Chinese construction companies are doing the infrastructure building in Asia and Africa?
@Michgo O It's Chinese strategy for colonisation and enslave those countries okay.
There's a detailed answer to these questions in the sources I dropped in the description box above. Do have a read of the Belt and road initiative. It is majorly China’s desire to control these trading routes. The project is yet to record any profit for China. But at least the Asian giants now have influence in these regions.
Check out how these countries have voted in UN resolutions involving China of late.
@michgoo7275. If the Countries defaults on their loans, then they'll Pay with their natural resources. It's already happening in various African Countries like Congo, Kenya, Uganda, just to name a few.
Ambitious but not sincere
It's true that there's an agenda behind the Belt n Road initiative, but there's always an Agenda in every form of foreign help. Either dependence through Goods, Foreign country bettering their image, or making money through loans that our countries desperately need. This time, china making money on loans and providing work for its contractors. But honestly, this is the best Deal African countries can get if we want to get into a state of rapid development. It's the lesser evil, and also not a bad idea to have multiple big players in the world politic scene. Having one country being say all be all means there's no freedom of choice.
I welcome the BNI cause it brings development in critical infrastructure and at provides more than all the other predatory loans we've had to take till now
Historically the strengths of China has always been based on trade. So someone intelligent looked to the past to build their future. Africa will do well to look back to its ancient past to determine its future and cut off the European continent and all of the Western countries that came out of it from benefiting from Africa’s natural resources in an exploitative way. It’s the best way forward for Africa with over 50 percent of the entire planet’s natural resources under our feet.
China China China, this country that Africa is in bed with will deal with us eventually o. Almost all African, Middle Eastern, and South American countries are running to join BRICS as well. The world will look very different by 2030🚶🏽♀️
It's a very ambitious program and many of these countries are trying to run away from the US influence, but to China? I wonder why.
@@realjudebela Am really surprised you asked why? Have you seen the impact of the Western sanctions on poor countries. Why can’t countries choose the countries they want to do business with without threats of sanctions or seizure of the countries foreign reserves just because it is saved in their countries. BRICS will give countries alternative choice and that will give them opportunities to trade and do business with countries of their choice. Look at Saudi Arabia, economic situations with the USA and it’s allies has been frosty of late. But moving more closer to China, Russia and other Arabian countries has helped them a lot economically.
You've made really great points. But China is doing exactly what the U.S. is doing, just not with sanctions. Have you seen some of the agreements in these loans China give to African nations?
It's nothing short of modern slavery.
The rail line constructed for Kenya for example, China gave them the loan but not in cash. They brought in Chinese companies to build the railways, the train is managed by chinese companies, the workers are Chinese, but the government of Kenya has to pay the debt to China. How does that make sense?
China is basically using these 3rd world countries to create employment for its citizens because there's no more infrastructural development going on in mainland China.
Look through my sources and read some of these things for yourself.
Most people no nothing about China, just wait until the Chinese government take away the freedom we are enjoying today.
@@realjudebela very detailed point you've got their population is much and jobs aren't much available... So what do they do, they create jobs outside other countries and bring their citizens there to work....china is really rolling their cards 🤔
How do you say you this "empty airport" without mentioning its name or country of origin?
Over the Sri Lanka port kindly revisit your notes, you've merely reproduced western propaganda.
I did mentioned the country. Watch the video again, and pay attention this time.
Lol like you were blind to see when the country was suffering for basic things like drugs, fuel and so many other things, their economy was about to crashed, the country was begging for IMF Bail out, all thanks to Chinese death trap loans, the people had to protest and chase out their president out of the presidential villa because the hardship was too much.
If you dont want Chinese loans then don't take their money. It's that simple. Stop taking their money then crying about it it's pathetic.
In your summary, it is obvious that you do not support this China's BRI that many countries are happily jumping into because of developmental opportunities. I was expecting to hear from you an alternative advice for these developing countries that are deemed to benefit from BRI. I suppose you would rather support the continuous neo-colonization of the developing countries' resources by the Western Countries. Can you remember or mention any major infrastructure like airport, seaport, or road projects built or being built by any Western nation in Africa without interfering in the internal affairs of the country? This debt trap slogan is just a Western propaganda to many ignorant Africans.
I do believe in what Chinese believe: that it is better to chew or eat bitter food and be free, than to eat sweet food and be a slave. I wish you also mentioned how Chinese rose to be an economic superpower today - how the Western Countries murdered, enslaved, ravaged, and occupied them until 1946 when CCP was formed by just 4 revolutionalist men.
Western Countries have kept us, Africans, undeveloped for decades and will continue to do so. All wise Africans should support its people or nations to take advantage of these Chinese developmental offers, and negotiate wisely. Western Countries can only offer us sweet food and keep us undeveloped. That's what they know best.
If BRI is bad as you portray it, why is BRICS now becoming BRICS+? You can only remain a victim of a bully until you get a defender.
Much love.
Much love.
As someone who has had his rights violated, it It's a bit shocking to hear you talk about gay rights, which are human rights getting relegated to merly a cultural issue. Being told by the West that getting hanged or locked up for fourteen years is bad shouldn't just be a "cultural issues." By the way, the belt and road initiative have mostly all failed because oftentimes when china gives out money to these countries its usually squandered which by the way this is something that Western countries that lend out money to poor countries have also been dealing with. Although this is not to make western countries look like angels they also come with their own baggage.
How do you say "this empty airport" without mentioning its name or country of origin?
Over the Sri Lanka port kindly revisit your notes, you've merely reproduced western propaganda.
Who is funding your propaganda channel?
When chinko started hiring retired generals, flight commanders, pro pilots from the US that's when I knew the downfall of the oyinbo is at hand. But take it or leave it the chinko is more dangerous than oyinbo I'll say it any day, the devil you know is way more better than the angel you don't know and I can tell you, it the chinko finally succeeds in thier current quest and campaign for dominance it will be hard for any other supper power to rise.