Nigeria to Niger rail: Amaechi avoids question on $1.9bn loan repayment

Minister of Transportation, Rotimi Amaechi, said he could not answer the repayment plan for the cost of the Nigeria-Niger rail project.

Amaechi appeared on Channels TV’s Sunday Politics.

The Kano-Maradi (Niger Republic) rail line has been a subject of controversy.

The minister confirmed the project will cost $1.9bn.

He disclosed that the federal government will source the fund “from mostly Europe”.

Asked to explain how Nigeria will refund and the time frame, Amaechi said only the Ministry of Finance has the answers.

“The problem I have is that most Nigerians are not able to distinguish between Ministry of Transport and Ministry of Finance.

“That is the responsibility of the Ministry of Finance; when we’ll pay, what the terms are. That question can be directed to the Minister of Finance.

“For us in Transportation, our job is to work with the Ministry of Finance, procure the loan and commence construction”, he stated.

Comments

Pictures From Tiwa Savage And Teebillz Pre-Wedding Party In Dubai Last Night

Pastor Chris Okotie Threatens INEC For Not Registering His Party, Also Claims There Will Be Trouble In Nigeria If He’s Not Allowed To Contest

Lol! This is funny… The Senior Pastor of Household of God Church, Rev. Chris Okotie has been in war with Independent Independent National Elections Commission for not. Re-registering his party Fresh Democratic Party, FDP. He threatened that INEC is playing with fire if his party is denied the chance of contesting for the 2015 presidential elections. Rev. Okotie who is also the presidential candidate of his party, is in a bad state despite the fact that a Federal High court in Abuja had ruled that INEC should re-register his party after it was de-registered which the election body has refused to comply with the court directives. I’m sure you all remember Okotie claimed that God told him to contest every election, the same Okotie is now threatening INEC and Nigeria that if he is not allowed to run, then there will be trouble in country.

Chris Okotie Writes about the NIS Recruitment Stampede

Pastor Chris Okotie of Household of God International Ministries posted this an article on his official Facebook page on the tragic stampede at the Nigeria Immigration Service recruitment. Read; The big news this week was the inauguration of the National Conference, but the deaths of more than 16 young applicants who died in Abuja and other venues, during the Nigerian Immigration Service, NIS recruitment exercise, overshadowed it. This tragedy mirrors the desperate situation of Nigeria. One only hopes that this unfortunate loss of lives, coupled with the incessant Boko Haram killings and other youth-based violence, would serve as a wake-up call to the summiteers, that this country needs a new governance paradigm. If the conference cannot produce that, then the over N7 billion invested in it would amount to another colossal waste of our scarce national resources. It is an irony that each delegate would earn a whopping N12 million for the 3-month duration of the...

egberikoko

Search This Blog