China is becoming apprehensive about releasing loans to Nigeria following probes by the National Assembly on loans earlier released to Nigeria by the Asian nation, the Federal Government said on Tuesday.
Although the government insisted that no nation could recolonise Nigeria as a result of Nigeria’s indebtedness, it cautioned lawmakers not to hamper its ability to access international funds.
The Minister of Transportation, Chibuike Amaechi, and the Minister of Justice/Attorney-General of the Federation, Abubakar Malami, said this in a live television programme monitored by our correspondent in Abuja.
Both ministers argued that Nigeria’s sovereignty was not at risk in the country’s loan agreements with China, as recently claimed by the National Assembly.
Amaechi said the probe by the National Assembly had made some Chinese to think that Nigeria was probing the loan agreements in order not to repay the about $2bn so far collected from China.
He said, “You know, I specifically urged the National Assembly to please be careful about this probe on the loan agreements. It is because we are trying to make an application for the Port Harcourt Maiduguri rail.
“If nothing else is happening, you know that our brothers are already saying that we don’t want to do any rail project in the South-East.”
Credit: punchng.com
The post China becoming apprehensive about Nigerian loans -Govt appeared first on The Chronicle Online.
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