* The seizure of presidential jets by the Chinese company, Zhongshan Fucheng Industrial Investment Company Limited, is a significant development in the ongoing dispute between Ogun State and the company. * The seizure of the jets is a result of a debt dispute between the state and the company. * The company claims that the jets were used as collateral for a loan that was never repaid.

This statement was made in a press conference held on the 28th of July, 2023. The Minister’s claim was met with skepticism from some quarters, with many questioning the validity of the figures and the source of the information. However, the Minister defended her claim, stating that the figures were based on commitments made by foreign investors during the President’s first year in office. These commitments were made through various channels, including bilateral agreements, investment summits, and other official engagements. The Minister further explained that the $30 billion figure represents a significant increase in FDI inflows compared to previous years.

The author argues that governments, especially state governments, should be cautious when entering into international agreements, transactions, and other engagements. They should be mindful of the potential consequences of their actions, both domestically and internationally. The author uses the example of a Nigerian state government’s past dealings with a Chinese company to illustrate their point. ## Detailed Text

The author’s call for caution in international engagements is a crucial one, especially for state governments. Their actions can have far-reaching consequences, both domestically and internationally, that can significantly impact the country’s socio-economic well-being.

This lack of consultation with NEPZA raises serious concerns about the legality and legitimacy of the former Governor’s actions. It also highlights the potential for abuse of power and the lack of transparency in the operations of the Free Trade Zones. Furthermore, the lack of consultation with NEPZA raises questions about the potential impact of the former Governor’s actions on the Nigerian economy.

This is a situation that requires urgent attention and action. We need to be proactive and not reactive. We need to be transparent and accountable. We are in a precarious situation and we need to be careful not to repeat the mistakes of the past.

The argument centers around two Chinese companies vying for the right to be part of an agreement with Ogun State. They are clashing about who is the “authentic” company to participate. This dispute has caused tension and uncertainty within the project.

This statement reflects a common sentiment among many people who are concerned about the potential consequences of national asset seizure. They are worried about the potential for misuse, corruption, and the overall negative impact on the country’s economy. The statement also highlights the importance of a well-defined strategy for any engagement involving national assets.