China Loan: Nigeria will pay back in 20 years - Amaechi

Mr Amaechi said the country has started repaying its loans, including those taken by the Goodluck Jonathan administration.

As of the first quarter of this year, 70 per cent of Nigeria’s

“There is no loan in Nigeria, either internal or external that is not approved by the National Assembly, none. “When we say, I give you a sovereign guarantee and we get immunity clause, the immunity clause is that, if tomorrow I am not able to pay and you come to collect the items we have agreed upon, that these are the items that am putting down as guarantee, I can waive my immunity and say no you can’t touch it am sovereign country.

“Just like you go to the bank to collect a loan, the moment you don’t pay they go after your assets you put down, that is all about the clause, the Chinese can never come and take over Aso rock and become President or Minister. He said:” The Chinese is just asking us to show them the evidence that we will pay back, which is the immunity clause. If we don’t pay, they can take back their assets.”

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