The national coordinator of Concerned Advocates for good Governance, CAGG, Olusegun Bamgbose, has recently made some revelations about the Memorandum of understanding, MoU, the Nigeria Government signed with the government of the Niger Republic for petroleum products importation.
According to a statement released by the ministry, SORAZ Refinery in Zinder, Niger Republic, has an installed refining capacity of 20000 barrels per day.
However, he claimed that trhe truth and trhe reality is that the MoU was between Nigeria and China.
In June 2008, China National Petroleum corporation with 60%shareholding, and the Niger Republic had 40%shareholding.
In essence, China facilitated MoU because of their interest. This is undoubtedly one of the hidden conditions given to Nigeria to secure Chinese loans.
“One can equally remember that FEC in September okayed $1.96bn for Kano’s proposed rail contract to the Niger Republic. We secured the loan from China, and it’s also the Chinese company that will be in charge.
This government should stop fooling Nigerians. Much has it will have economic benefits, but Nigerians should not forget that neocolonialism cropped up.
“The fear is that China may soon take over the machinery of government in Nigeria. This latest MoU may very clearly be a significant obstacle to Dangote Refinery. Nigerians have not been told about the duration of the MoU signed.
“China has bought over the Executive and the National Assembly. This is very dangerous. It’s most likely that China may equally play a leading role in becoming the President in 2023.
“Except something is done promptly, Nigeria may one day be like Hong Kong to China,” he said.