No need to panic, Nigeria is already paying China loans – Amaechi

The Minister of Transportation, Mr. Rotimi Amaechi, has said that Nigeria is already repaying China loans. Amaechi stated this when he appeared on a live television programme (Democracy Today) aire…

He said, out of the $500m loan the federal government took to build the Abuja-Kaduna rail line, $96m has been paid, adding that Nigeria has capability to pay all the China loans.“In the same National Assembly sitting, they were told that the $500million loan, we have paid $96m already.

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