China Has Stopped Giving Us Money, We’re Now Pursuing Loans In Europe – Amaechi

Rotimi Amaechi, the Minister of Transportation, says China’s unwillingness to fund significant projects in the country including railways, is responsible for the delays in their execution.

Following China’s refusal to fund Nigerian projects, the minister stated that the Federal Government had begun seeking for financing in Europe.

Amaechi expressed optimism that existing projects would be finished if Nigeria could secure funding from Europe.

He said, “We are stuck with lots of our projects because we cannot get money. The Chinese are no longer funding. So, we are now pursuing money in Europe.

“And when I look at the money they are borrowing in other countries and compare it with the one we have borrowed, the kind of comments by Nigerians will put you off.”

According to Amaechi, work on the Abuja-Itakpe railway, which will connect the current Itakpe-Delta train line, is almost done.

He claimed that if it hadn’t been for a misunderstanding with the Chinese contractor, the link rail would have been completed.