The Minister of Transportation, Rotimi Amaechi, says the Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years. Amaechi, in a statement on Saturday, said China was the only country giving out loans with a low-interest rate of 2.8 per cent. He said no country in the world would give out a loan without a guarantee to pay back such loans. “The trade agreement between Nigeria and China, the ministry of transportation does not take loan, everything…
Read MoreNigeria’ll pay back China loan in 20 years – Amaechi
