The Federal Government of Nigeria is about borrowing the sum of $3 billion and another $5.3 billion from China, for the construction of more rail lines in the country. This is despite criticisms trailing the loans it had borrowed due to its agreement clause.
Minister of Transportation, Chibuike Amaechi made this known on Tuesday as a special guest on Channels TV program “Politics Today.”
Amaechi said, he had earlier asked the national assembly members not to probe the loan issue now, so as not to stop the Chinese government from giving the country further loans.
“The reason why I said that is because we have already applied for $5.3billion to execute the rail from Ibadan to Kano. We are about applying for about $3billion to execute the rail from Port Harcourt to Maiduguri,” he said.
