The Federal Government of Nigeria, says China had stopped releasing funds as it used to in the past.
Minister of Transportation, Chibuike Amaechi disclosed this while inspecting the Kaduna-Kano railway project on Friday.
According to him, the process of securing a loan for the Kaduna-Kano railway project has not been concluded
He stated that the multi million naira project is currently being funded by the government through budgetary allocations.
“Up till now, we are yet to conclude the loan for this project. So, we are funding this project from the budget. That is why I was skeptical about the conclusion (of the project),” he said.
“I have never denied that we are having financial challenges and that is because of economic downturn. The Chinese are not funding the way they used to fund us,” he added.
