$500m Chinese Loan Was Taken By Goodluck Jonathan Not B

$500m Chinese Loan Was Taken By Goodluck Jonathan Not Buhari’s Gov’t – Amaechi

Sun-02-Aug-2020-14-57


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$500m Chinese Loan Was Taken By Goodluck Jonathan Not Buhari’s Gov’t – Amaechi

$500m Chinese Loan Was Taken By Goodluck Jonathan Not Buhari’s Gov’t – Amaechi The minister of transportation, Rotimi Amaechi, has revealed that Nigeria is already repaying China loans, adding that the $500m loan for the Abuja-Kaduna rail line, was taken by the former administration and not the Buhari-led government. Amaechi stated this on Saturday, August 1, during a live television programme – Democracy Today on AIT. Recall that, while probing Chinese loans to Nigeria, the House of Representatives had discovered that the agreements ceded Nigeria’s sovereign right on the assets financed by the loans to China if there was payment default. Amaechi said Nigeria is capable of paying all the China loans as $96m has been paid, out of the $500m loan the federal government took to build the Abuja-Kaduna rail line.
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