China becoming apprehensive about Nigerian loans, says FG

China is becoming apprehensive about releasing loans to Nigeria following probes by the National Assembly on loans earlier released to Nigeria by the Asian nation, the Federal Government said on Tuesd

ay.

Both ministers argued that Nigeria’s sovereignty was not at risk in the country’s loan agreements with China, as recently claimed by the National Assembly. “If nothing else is happening, you know that our brothers are already saying that we don’t want to do any rail project in the South-East.” The minister said Nigeria must learn to pay back loans collected from other nations or agencies, adding that the about $500m loan for the Abuja-Kaduna railway was currently being serviced.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MobilePunch /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

APC to PDP: Account for failed $460m Abuja CCTV Project, $2b China loan - Latest Nigeria News, Nigerian Newspapers, PoliticsTHE ruling All Progressives Congress (APC) has asked the opposition Peoples Democratic Party (PDP) to account for the failed $460 million Abuja
Read more »

ANALYSIS: What to know about China loans and their implications for NigeriaChina is known for its debt-trap diplomacy and Nigeria has to be careful not to lose valuable natural assets and sovereignty to that country.
Read more »

China Loans: Why I Told Reps Not To Probe Too Much – AmaechiChina Loans: Why I Told Reps Not To Probe Too Much – Amaechi
Read more »

Loans: There's nothing wrong with ceding Nigeria's sovereignty to China - Amaechi [VIDEO] - Daily Post NigeriaThe Minister of Transportation, Chibuike Amaechi, has said there was nothing wrong with Nigeria ceding her sovereignty to China. The Minister was fielding
Read more »

APC to PDP: account for $460m CCTV project, $2bn China loanThe ruling All Progressives Congress (APC) has asked the opposition Peoples Democratic Party (PDP) to account for status of the failed $460..
Read more »

APC, PDP clash over $460m Abuja CCTV project, $2bn China loanThe ruling All Progressives Congress (APC) has challenged the opposition Peoples Democratic Party (PDP) and its presidential candidate in the 2019 general election, Atiku Abubakar to account for th…
Read more »