Amaechi Insist That NASS Should Stop China Loan Investigation |SEE REASONS
Afnews Editor
Aug 16, 2020
The Minister of Transportation, Rotimi Amaechi, has said that the National Assembly should allow the government get the fresh $5.3 billion loan from China.
According to Amaechi, the legislative arm must stop asking questions concerning Nigeria's loan agreement with China to enable the Asian giants grant the loan.
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The Minister pointed out that questions from the legislatures would likely deter Chinese government from extending credit to the country, especially the fresh $5.3bn required for the Ibadan-Kano railway.
The former Rivers State Governor said this during an inspection tour of the Lagos-Ibadan standard gauge rail project in the company of the Minister of Information and Culture, Alhaji Lai Mohammed.
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"They are not investigating corruption in construction. We want the National Assembly to allow us to get the loan for Ibadan to Kano, which is about $5.3bn,ÔÇØ Amaechi said.
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"If you are telling the man who lent you money you don't like the way he lent you, he won't lend you any further.
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"For this one (Lagos-Ibadan rail project), we have $1.6bn for which we are contributing about 200 to $300 million. But don't forget, they have not finished paying, they can stop at any time.ÔÇØ
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Recall that the green chamber had recently raised the alarm about the nature of the Chinese loans.
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The lawmakers cried out that the agreements puts Nigeria's sovereignty into question in the case of a re-payment default.
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— Afnews Editor