China now fear Nigeria don’t want to pay back loans -FG  


The federal government said on the back of the rumbling surrounding the loans Nigeria obtained from China, the Asian giant have become apprehensive and developed thought that the backlash was a ploy to default.

A $500m loan taken on the Abuja-Kaduna and other rail line projects, have come under scrutiny of the House of Representatives with the lawmakers raising fear that Nigeria’s sovereignty may have been compromised in the facility agreement with China.

The fear is somehow gaining traction with Nigerians.

However, Minister of Transportation, Chibuike Amaechi, and the Minister of Justice/Attorney-General of the Federation, Abubakar Malami, said the fear about Nigeria’s sovereignty at risk was unfounded in a live television programme.

Amaechi explained on the back of the rumbling and the attendant anecdote Chinese government have become apprehensive that Nigeria is in the process of defaulting on loans obtained from the country.

“Now that we are planning to say that they should give us some loan for us to construct Port Harcourt to Maiduguri, and we are about to go to cabinet for approval, you are now shouting these terms are bad, Chinese people are wicked.

“How will they give you the money? I have documents to the effect that we are getting signals that they are becoming a bit apprehensive on whether we are doing this because we don’t want to pay them back,” the minister said.

Sign up for our daily newsletter

Get the latest news delivered straight to your inbox every day. Stay informed with the Orijo Reporter's leading coverage of Nigerian and world news.


Please enter your comment!
Please enter your name here