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CHINESE LOANS: ‘There’s no contract without an agreement’, I’m ‘ashamed’ of the reactions —Amaechi
Ripples  - Nigeria’s Minister of Transportation and former Governor of Rivers State, Rotimi Amaechi has denied ceding Nigeria’s sovereignty to China after the House of Representatives raised an alarm over lethal clauses in Article 8(1) of the commercial loan ...

5 days ago
News Credibility Score: 99%


 Additional Sources

The Guardian:
Minister of Transportation, Rotimi Amaechi, has said Nigeria was not in anyway ceding its sovereignty to China, explaining that the Sovereign Guarantee clause in the loan agreement was to assure China that it can take over the asset constructed with ...
Vanguard News:
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.
Salone:
Ayodele Fayose, the current former Ekiti State Governor, has called on Nigerian Government about the China loan. In his words, he says Nigerians should remember that in April 2016, I warned against these Chinese loans.
Wotzup NG:
The Minister of Transportation, Rotimi Amaechi, said on Saturday the Federal Government could repay loans obtained from the Chinese government within the stipulated period of 20 years.
Newzandar News:
Post Views: Visits 29 Minister of Transportation, Rotimi Amaechi, hassaid Nigeria was not in anyway ceding its sovereignty to China, explaining that the Sovereign Guarantee [...]


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