Sovereignty clause: National Assembly shouldn’t have approved Chinese loans – Amaechi
The Minister of Transportation, Chibuike Amaechi has again questioned the National Assembly’s position on the country’s loan agreements with China.
He wondered why the National Assembly went ahead to approve the loans knowing it was signing off the country’s sovereignty.It quoted him saying, the National Assembly says “we have signed out the sovereignty of our country, so why did they approve? Didn’t they see it before approving?” “A sovereign nation is a sovereign nation, nobody can recolonise us. We must learn to pay our debts and we are paying, and once you are paying, nobody will come and take any of your assets,” Amaechi insisted.
The Minister had last week said that Nigeria had to resort to approaching China for loans for three basic reasons namely the low interest rate, the payback period and moratorium.
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