Showing posts with label rotimi amaechi. Show all posts
Showing posts with label rotimi amaechi. Show all posts

Sunday, 2 August 2020

Nigeria will pay back loan from China in 20 years - Amaechi




The Minister of Transportation, Rotimi Amaechi has disclosed that the loan the Nigerian government got from China for the rail projects across the country will be paid back within 20 years.

In a statement released on Saturday August 1, the former Governor of Rivers state disclosed that China is the only country giving out loans with a low interest rate of 2.8 per cent.

The statement read;

“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 couldn’t have signed any loan because I don’t take loan.

Wednesday, 29 July 2020

China won't give Nigeria loan again 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;

Wednesday, 19 October 2016

Rotimi Amaechi Denies Bribing Judge

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Rotimi Amaechi Issues Statement, Denies Bribing Judge Over Rivers Election

In a press release issued on Tuesday, Rotimi Amaechi denied allegations that the DSS raided Justice Okoro’s home due to the judge’s refusal to be bought out by Mr. Amaechi.

Read the statement below:

Thursday, 2 June 2016

Kaduna-Abuja rail line will be ready for use in July' - Amaechi

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Minister of Transport, Rotimi Amaechi, took to his twitter handle to announce that the Kaduna-Abuja rail will be ready for public use as from next month July. He had a test run on the rail line yesterday June 1st.
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