Nigeria Will Pay China Loan Back In 20 years –Minister Of Transportation, Amaechi

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Nigeria’s Minister of Transportation, Rotimi Amaechi, has said that the loan the Nigerian Government got from China for the rail projects being done in parts the country will be paid back over the next 20 years.  Amaechi in a statement said China was the only country giving out loans with a low-interest rate of 2.8 per cent. He maintained that no country in the world would give out a loan without a guarantee to pay back such loans. He said, “The trade agreement between Nigeria and China, the ministry of transportation does not take loan, everything about loan is directed…
Source: Nigeria Will Pay China Loan Back In 20 years –Minister Of Transportation, Amaechi

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