AMAECHI- NEW $3BILLION LOAN FROM CHINA IS AN ADDITION TO THE $5.3BILLION OUTSTANDING LOAN

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The Minister of Transportation, Rotimi Ameachi has publicly announced the intention of the federal government to get a $3billion dollars loan from China which is an addiction yo a $5.3 billion loan on ground. However, the Minister told Channels Television’s Politics Today on Tuesday, that he asked the lawmakers not to go ahead with the probe in order not to scare the lender.

Amaechi further explained that the country was about to apply for about $3billion loan from China to execute the rail from Port Harcourt to Maiduguri.

“The reason why I said that is because we have already applied for $5.3billion to execute the rail from Ibadan to Kano.