China won't give nigeria loan agaiin if you continue probing- Amaechi to reps panel

Minister of Transportation, Rotimi Amaechi has warned the house of representatives committee on treaties and agreements against continuing the probe on loan agreement between Nigeria and China.

The Minister who noted that the federal government requested $500 million from the Chinese government to finance some rail projects across the country particularly in the south-east, asked for suspension of the probe till the loan is secured.

Amaechi averred that some sections of the country will suffer if China refuses to give Nigeria loan to complete ongoing projects.

He said;

“I have said here to the house, and it is a pity that I’m saying it in public, this government, outside Nigeria, they are sensitive to what you say. Nobody is stopping you from your investigation and no government from outside Nigeria can stop you from doing it.

“We are saying that Nigeria has applied for three loans already. For Port Harcourt-Maiduguri (eastern rail line), the minister of finance told me that she was stopped and told that the next borrowing plan would not be approved unless you get Port Harcourt-Maiduguri. Port Harcourt-Maiduguri goes through the south-east and the north-east.

“The only south-south town is Port Harcourt. We are about to apply for a loan. They will not grant that loan. Then you summoned us back to the House to ask why we are constructing Lagos-Kano and we are not constructing Port Harcourt-Maiduguri.

“Can we be allowed to get this loan? Then you can summon us, not to start what you are doing and the whole process will then be stopped.

“My fear is that at the end of the day, some sections of this country will suffer if they stop giving us loans; two projects that will suffer: the first one is Lagos-Ibadan (rail line), we have not finished disbursement.

“We are asking for a loan to commence work from Ibadan to Kano. The day they (China) say ‘the government is not supporting the loans you people are taking, we are no longer giving you,’ that is the end of the project.”

Comments

Alleged Lagos deadly cult leader "okoko danger" arrested

The Lagos State Police Command says it has arrested a suspected leader of the Aiye confraternity, a secret cult group in the state, who it identified simply as Shola. The suspect was said to be widely known in cult circles in the Mile 2-Badagry expressway axis as Okoko Danger. The Command announced it also arrested four other suspected members of the dreaded gang, namely Idris Musa, 19; Oluwaseyi Oguntobi, 23; Ramon Adebimpe, 18; and Saheed Kareem, 19. The police alleged that Shola, who they described as “’a deadly and notorious armed robber”, was behind the many killings in the Okokomaiko, Igando, Isheri-Osun and Ikotun areas of the state. The Lagos State Commissioner of Police, Hakeem Odumosu, told journalists yesterday at the Command Headquarters, Ikeja, that on February 27, 2020 at about 4.20pm, police operatives from the Special Anti-Robbery Squad, acting on credible intelligence, stormed a hideout at Iyana-Iba, where Shola and his gang members were said to be hibernating. “Four l...

Lekki Tollgate incident can be equated to a mas*acre — Lagos ENDSARS Panel

The Lagos State Judicial Panel of Inquiry on Restitution for Victims of SARS Related Ab*ses and Other Matters (Lagos EndSARS Panel) has reported the Lekki Tollgate sh*otings of October 20, 2020, as a mas*acre. The panel indicted soldiers and implicated Nigeria’s security agents in the k*lling and forced disappearances of harmless and unarmed youths protesting at Lekki Tollgate on October 20, 2020. The Justice Doris Okuwobi-led panel made the revelation in a 309-page report submitted to Governor Babajide Sanwo-Olu of Lagos State on Monday, November 14. According to the report, nine protesters were confirmed d*ad while four others were presumed d*ad. The report listed 48 names as those who were casualties of the Lekki incident. Among the 48 casualties listed, 24 sustained g*nshot injuries, while 15 others were as*aulted by soldiers and police. “At the Lekki Toll Gate, officers of the Nigerian Army sh*t, injured a...

Femi Otedola appointed Vice President of Save The Children.

Mr Femi Otedola was invited by the Save the Children to join the prestigious group of its Vice Presidents, in recognition for his philanthropic efforts to better the lives of children in Nigeria. Save the Children’s Vice Presidents are a group of high-level supporters and critical friends of the organisation, actively involved in advancing the work of Save the Children, through advocacy, volunteerism, introductions, and philanthropy. Save the Children works in 117 countries around the world in both humanitarian and development settings. The organisation works in partnership with philanthropists, governments, the United Nations, and other NGOs in pursuit of its global mandate to support children and their families in crisis and to ensure children can learn, survive and enjoy a protective environment so that they can reach their full potential in life. Mr. Femi Otedola’s addition to the Vice Presidents group is a testament to his long-standing support to the organization...

Laie.Tv

Search This Blog