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

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.


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Tuesday 4th of August 2020

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