Minister of Transportation, Rotimi Amaechi revealed that the Federal Government has started looking for loans in Europe following the refusal of the Chinese to fund Nigerian projects.
He revealed this while speaking in an interview with Guardian.
During the interview, Rotimi Amaechi blamed the delays in major projects, including railways, on the inability of the Chinese to fund them.
He then expressed hope that Nigeria could get loans from Europe to complete existing projects.
In his words;
“We are stuck with lots of our projects because we cannot get money. The Chinese are no longer funding. So, we are now pursuing money in Europe.
“And when I look at the money they are borrowing in other countries and compare it with the one we have borrowed, the kind of comments by Nigerians will put you off.”
The minister then revealed that the Abuja-Itakpe railway is underway, which will link the existing Itakpe-Delta rail line.
According to him, the link rail would have been completed but for misunderstanding with a Chinese contractor.
Credit: Daily Post
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