
Amaechi Reveals How Much FG Has Paid Back From Chinese Loan
Minister of Transportation, Rotimi Amaechi, has claimed that the Federal Government has repaid up to $150m out of the $2bn loan borrowed from China to construct rails. Amaechi stated this while answering questions on Channels Television’s ‘Politics Today’ programme on Wednesday. The minister noted that the President Muhammadu Buhari administration only borrowed for the Kaduna-Abuja and the Lagos-Ibadan railways. When asked how much of the Chinese loans obtained that the Federal Government has repaid, Amaechi said, “The right ministry to respond to that question is the Ministry of Finance; they borrow and they repay but I think the last…