- Transport minister, Rotimi Amaechi, has made another defence backing the controversial $500 million Chinese loans
- The minister berated PDP for calling for his resignation and accusing him of committing fraud through the loans
- Amaechi said the past administration also took foreign loans to execute projects, wondering why the fury from some quarters
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The federal government has stated that the wolve-cries surrounding the $500 million Chinese loans are mere distractions because the administration of former president Goodluck Jonathan also got foreign funds to execute projects.
Rotimi Amaechi, transportation minister, made this known as conversations continue to be broadened down to how the loans will be repaid by the federal government.
Legit.ng recalls that Amaechi had said there is nothing wrong with the federal government ceding Nigeria's sovereignty to China in the signing of a loan deal.
The minister's position came after the House of Representatives discovered that the agreements between the country and China ceded Nigeria’s sovereign right on the assets financed by the loans should there be payment default.
Speaking in an interview on Channels TV on Tuesday, August 4, Amaechi who responded to Katch Ononuju, a chieftain of Peoples Democratic Party (PDP)'s position that fraud is committed through the loans, said Jonathan also took loans.
"There’s a gentleman who went to AIT, and said oh I should resign. Resign from what? Are you saying those projects (used the loan for) weren’t executed? Is there no Kaduna-Abuja railway?
“The loan (Ononuju was talking about) was taken by President Goodluck Jonathan’s government, and for that reason we had to name the train station and infrastructure in Agbor after President Goodluck Jonathan’s government for that laudable achievement," Amaechi said.
Meanwhile, Legit.ng reported that amid outrage generated by the $500 million loans, the government of China said there is no plan to take over Nigeria’s sovereign right should there be defaults in the payment.
China said it is only committed to maintaining the mutual relationship with African countries, saying "we follow a “five-no” approach in our relations with Africa."
"No interference in African countries’ pursuit of development paths that fit their national conditions; no interference in African countries’ internal affairs; no imposition of our will on African countries; no attachment of political strings to assistance to Africa; and no seeking of selfish political gains in investment and financing cooperation with Africa," part of the statement read.
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