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

A file photo of the Minister of Transportation, Rotimi Amaechi, during an interview on a Channels Television programme.The Minister of Transportation, Rotimi Amaechi, on Saturday appealed to the National Assembly to halt its questioning of Nigeria’s loan agreement with China.

“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. 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, he did not specify when the project will be completed. “Let’s hope by January, this thing will be ready,” he said.

Source: Loan Digest (loandigest.net)

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Allow peaceful election in Edo, group tells Buhari
Source: MobilePunch - 🏆 8. / 63 Read more »

Iranian fuel transferred to other ships for voyage to U.S. – SourceA U.S. judge issued a warrant to seize Iranian gasoline cargoes on four tankers in July.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigeria working with US to reverse visa restrictions –Buhari|p style=
Source: MobilePunch - 🏆 8. / 63 Read more »

Iran claims victory as US bid to extend arms embargo flops at UNIran on Saturday hailed a UN Security Council vote rejecting a US bid to extend an arms embargo on the Islamic republic, saying its foe has
Source: MobilePunch - 🏆 8. / 63 Read more »

Salisu Nakande: How FIFA’s promise propelled us to win 1985 World U-16 ChampionshipAfter 35 years, a member of the victorious Golden Eaglets, Salisu Nakande has revealed that FIFA’s promise of free shopping for any team that would reach the se
Source: Daily Trust - 🏆 13. / 51 Read more »

UN rejects U.S. bid to extend Iran arms embargoThe United States had sought an indefinite extension of the arms embargo on Iran
Source: PremiumTimesng - 🏆 3. / 78 Read more »