We have borrowed $2.5bn from China Exim Bank – Amaechi Revealed

You must have heard before that Nigeria keeps borrowing money from other countries. That means we owe a lot of money to countries like China. Well it seems like the money we have borrowed is not enough, according to the Minister of Transport Rotimi Amaechi who said Nigeria has borrowed about $2.5bn from China for the construction of a railway leading to Ibadan from Lagos.

The Minister made this statement during an exclusive Interview on Channel’s Television. Rotimi Amaechi explained that it is in the economic benefit of the country for the Government to extend the rail line to the nation seaports.

Austine Ikeru
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