Tags China Loan

Tag: China Loan

What will happen to Nigeria in 10 years – Basketmouth reacts to foreign loans

Nigerian veteran comedian and actor, Bright Okpocha popularly known as Basketmouth has stated that Chinese may become Nigeria’s second language in 10 years due to the sovereignty clause in Nigeria’s loans from China.

Amaechi: $5.3b loan for Ibadan-Kano rail delayed by National Assembly

The Minister of Transportation, Mr. Rotimi Amaechi, said Nigeria needs $5.3b to execute the standard guage rail line between Ibadan and Kano.

Nigeria will pay China loan back in 20years – 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.

Nigeria did not mortgage property for China loan – Amaechi

The Minister of Transportation, Mr Rotimi Amaechi said on Monday that the Nigerian government did not mortgage any property to secure infrastructural loans from...

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