Stella Dimoko Korkus.com: Amaechi Appeals To NASS To Allow FG Complete $5.3bn Loan From China

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Sunday, August 16, 2020

Amaechi Appeals To NASS To Allow FG Complete $5.3bn Loan From China

The Minister of Transportation, Rotimi Amaechi, on Saturday appealed to the National Assembly to halt its questioning of Nigeria’s loan agreement with China.





Mr Amaechi said questions from the National Assembly is likely to deter China from extending credit to the country, especially the $5.3bn required for the Ibadan-Kano railway.

He made the remarks during an inspection tour of the Lagos-Ibadan standard gauge rail project which is being primarily financed by Chinese banks.


“They are not investigating corruption in construction,” Mr Amaechi said. “We want the National Assembly to allow us to get the loan for Ibadan to Kano, which is about $5.3bn.


“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.

“For this one (Lagos-Ibadan rail project), we have $1.6bn for which we are contributing about $200 and $300 million. But don’t forget, they have not finished paying, they can stop at any time.”

The House of Representatives had raised an alarm about the nature of loans received from China which, it said, puts the country’s sovereignty into question in the case of a re-payment default.

However, Mr Amaechi has insisted the loans, which are primarily spent on capital projects built by Chinese companies, will benefit the country.

From Channels TV

25 comments:

  1. We don't want sir. Always looking for money to chop.

    ReplyDelete
    Replies
    1. Awon association of scumbags called leaders!!

      Delete
    2. For looting? Do these politicians want to end up in hell?

      Delete
    3. Las Las we will be alright in this country called Nigeria

      Delete
  2. what is it with Amaechi and getting loan from China?why not borrow from another country if all he could think of is loan.All these to enrich his pocket ahead 2023 game

    ReplyDelete
  3. Greedy idiots. ๐Ÿ˜ ๐Ÿ˜ ๐Ÿ˜ 

    ReplyDelete
  4. Never! It will never be completed in Jesus name!...

    ReplyDelete
  5. So that you get the billions of dollars and sell Nigeria to China
    and share the money?
    Poli-thieves.
    ๐Ÿ˜–๐Ÿ˜–๐Ÿ˜–๐Ÿ˜–๐Ÿ˜–๐Ÿ˜–๐Ÿคข๐Ÿคข๐Ÿคข๐Ÿคข๐Ÿคข๐Ÿคข๐Ÿท๐Ÿท๐Ÿท๐Ÿท๐Ÿท๐Ÿคฎ๐Ÿคฎ๐Ÿคฎ๐Ÿคฎ๐Ÿคฎ

    ReplyDelete
  6. This goes to show that they have ulterior motives for the funds. God help us.

    ReplyDelete
    Replies
    1. Presidential ambition ๐Ÿ˜๐Ÿ˜๐Ÿ˜€

      Delete
  7. Why is he bent on getting this loan? Seems there's more to this. I won't be surprised if it's diverted for personal use. Greedy lots

    ReplyDelete
  8. Amechi wants to grab his own before they leave office. ๐Ÿ‡ณ๐Ÿ‡ฌ is a zoo. ๐Ÿ˜€๐Ÿ˜ƒ๐Ÿ˜„๐Ÿ˜๐Ÿ˜†

    ReplyDelete
  9. So this is how I will just forget my home training and insult this man?
    Mtchew

    ReplyDelete
    Replies
    1. ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ

      Delete
  10. Stella come and carry your boo

    ReplyDelete
  11. If they cut down all allowances you all collect from the president,senators,house of representatives, ministers and others.Ask me what do you need to collect loan from China, you all want to loot the money.

    ReplyDelete
  12. The way you carry this loan issue on your head, is there something you are not telling us?
    All these monies recovered up and down, what have you people done with it?

    ReplyDelete
  13. And him and JO will go hide the money in Cyprus

    ReplyDelete

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