Despite the assurance, fear persists that the Chinese loans contain some obnoxious clauses that could breach the nation’s sovereignty especially as the loan agreements are not available in the public domain.
When asked about the plans of the Federal Government to pay back the loans so as to avoid the Zambian experience where some national assets such as the Kenneth Kaunda International Airport, the Zambia National Broadcasting Corporation and the National Power and Utility Company were reportedly used to settle Zambia’s financial obligations to China, Amaechi said borrowers should meet their obligations.
While commenting on the status of the suspension of Ms Hadiza Bala-Usman from the Nigerian Ports Authority, he said, “I am not aware that I suspended Hadiza. I am not the president, and I do not have such powers. That power rests with the president. The minister also said that he was not aware of when the panel would finish and that it was in the hands of the panel.
They borrow the money and shared it within the criminals hiding under APC
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The idea of burrowing isn't Bubu's but from Lagos. Now the taste of blood is sweet, the animal can't be a vegetarian again. Using Chinese loan to build rail infrastructure only for us to be talking of upgrading the tracks in a few years.
King of borrower... Thats the only thing he knows how to do best!
I wonder if there's a correlation between the debt and the current insecurity situation. Hmmm
We need to really stop borrowing from China. In as much as these monies are used for infrastructure, how do we pay them back? China has an ulterior motive for giving this loans. They will end up making demands we cant meet. Avoid Chinese loans
Which way Nigeria?
Lol.....our waka still far shaaa
And there's nothing to show of it, apart the little works the minister of transport do on rail line, the money Nigeria gov, budget for dept service, is more than the one they budget for infrastructural development, very unfortunate having Buhari as a lifeless president
Before ruining insult, The money is not paid in cash, rather china will ship in raw materials and her engineers to do the work. Don't come here and say the money was still looted
They can kept on borrowing
Some dudes be like 'It was the Presidency that borrowed it. The President was not aware and the VP's hand was tied.'
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