
Nigeria Will Pay China Loan Back In 20 Years – Amaechi
Minister of Transportation, Rotimi Amaechi has stated that Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years.
Amaechi, in a statement on Saturday, said China was the only country giving out loans with a low-interest rate of 2.8 percent.
He said no country in the world would give out a loan without a guarantee to pay back such loans.
…“The trade agreement between Nigeria and China, the ministry of transportation does not take loan, everything about loan is directed to the Ministry of Finance, so, I