China No Longer Responding, We’re Pursuing Loans In Europe – Buhari’s Minister, Amaechi

The Minister of Transportation, Rotimi Amaechi, has blamed the delay in the execution of major projects in the country including railways, on the inability of China to fund them.

The minister who lamented the delays said the Federal Government has started looking towards Europe to get loans, following the refusal of the Chinese to fund Nigerian projects

He expressed hope that if Nigeria could get loans from Europe, the existing projects will be completed.

According to Amaechi, “We are stuck with lots of our projects because we cannot get money. The Chinese are no longer funding. So, we are now pursuing money in Europe.

“And when I look at the money they are borrowing in other countries and compare it with the one we have borrowed, the kind of comments by Nigerians will put you off.”

Amaechi said the Abuja-Itakpe railway is underway, which will link the existing Itakpe-Delta rail line.

He said the link rail would have been completed but for a misunderstanding with the Chinese contractor.

Related Posts

INEC Unveils 2027 Governorship Candidates: Full List of 36 States Released

The Independent National Electoral Commission on Saturday released the names and particulars of governorship candidates and their running mates across the country. The publication, contained in Form EC9, was pasted…

“This Is Becoming Childish”: Joe Igbokwe Blasts Atiku Over NYSC Certificate Demand

        A chieftain of the All Progressives Congress, APC, Joe Igbokwe, has condemned the move by the presidential candidate of the 2027 African Democratic Congress, ADC, Atiku…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

INEC Unveils 2027 Governorship Candidates: Full List of 36 States Released

INEC Unveils 2027 Governorship Candidates: Full List of 36 States Released

“This Is Becoming Childish”: Joe Igbokwe Blasts Atiku Over NYSC Certificate Demand

“This Is Becoming Childish”: Joe Igbokwe Blasts Atiku Over NYSC Certificate Demand

US-Nigeria Joint Working Group Convenes in Washington to Address Security and Humanitarian Concerns

US-Nigeria Joint Working Group Convenes in Washington to Address Security and Humanitarian Concerns

Behind the Beef: Seyi Vibez Claims He Built Dapper Music’s Career from Scratch

Behind the Beef: Seyi Vibez Claims He Built Dapper Music’s Career from Scratch

Shallipopi Accuses Dapper Music of Withholding Royalties from 46 Songs and Selling His Catalogue

Shallipopi Accuses Dapper Music of Withholding Royalties from 46 Songs and Selling His Catalogue

Osun Governorship Poll: Police Restrict All Vehicular and Pedestrian Movement from Friday Midnight

Osun Governorship Poll: Police Restrict All Vehicular and Pedestrian Movement from Friday Midnight