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$500m China loan: Controversial clause signed during Jonathan’s administration ― Amaechi
Nigerian Tribune  - Tribune Online $500m China loan: Controversial clause signed during Jonathan’s administration ― Amaechi The Minister of Transportation, Hon Rotimi Amaechi has disclosed that Nigeria has already paid back $96 million out of the $500 million loan the ...

3 days ago
News Credibility Score: 99%


 Additional Sources

The Nation:
By Faith Yahaya, Abuja The Minister of Transportation, Rotimi Amaechi, has challenged the National Assembly committee probing the loans and sovereign immunity clause in a $500 million loan China granted to Nigeria to publish the terms of the agreement.
Financial Watch:
China Loan: Ameachi Challenges NASS To Publish Terms Of Agreement – The Minister of Transportation, Rotimi Amaechi, has challenged the National Assembly committee probing the loans and sovereign immunity clause in a $500 million loan China granted to ...
The Cable:
Rotimi Amaechi, minister of transportation, says development will end in Nigeria if the federal government stop collecting loans from China.
 China Loan: Amaechi says Nigeria will pay back in 20years Vanguard News:
Minister of Transportation, Rotimi Amaechi says the Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years.
Leadership:
The federal government yesterday debunked claims that the President Muhammadu Buhari administration is giving part of Nigeria’s sovereignty to China in exchange for loans.
Hope for Nigeria:
The Minister of Transportation, Rotimi Amaechi, has challenged the National Assembly committee probing the loans and sovereign immunity clause in a $500 million loan China granted to Nigeria to publish the terms of the agreement.
Ripples Nigeria:
The Minister of Transportation, Rotimi Amaechi, said on Saturday the Federal Government had the capability to repay loans obtained from the Chinese government within the stipulated period of 20 years.
NNN:
NNN: Minister of Transportation, Rotimi Amaechi says Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years.
Daily Post:
Nigeria’s Minister of Transportation, Rotimi Amaechi, has insisted the country has not signed away its sovereignty to China. He explained what the clauses implied.
Inside Business Online:
Minister of Transportation, Chibuike Rotimi Amaechi, has explained that the clause ‘waiving sovereignty’ in the loan agreement between Nigeria and China was only a contract term, a sovereign guarantee that assures payback according to the terms and ...
The News:
The minister, however, called on the National Assembly and Nigerians to appreciate government effort in providing infrastructure in the country.
The Street Journal:
Minister of Transportation, Rotimi Amaechi says Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years.
Newzandar News:
Kindly Share This Story: Minister of Transportation, Rotimi Amaechi says Nigerian government has the capability to pay back loans collected for the construction of rail [...]
Phenomenal:
“The trade agreement between Nigeria and China, the ministry of transportation does not take loan, everything about loan is directed to the Ministry of Finance, so, I couldn’t have signed any loan because I don’t take loan.


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