Amaechi raises concern over foreign loans Skip to main content

Amaechi raises concern over foreign loans


The Minister of Transportation, Rotimi Amaechi has observed that the investigation of loans taken by the Federal Government could send the wrong signal to the lenders.


Ameachi made the observation at an investigative hearing organised by the House of Representatives Committee on Treaties, Protocols and Agreements in Abuja, NAN reports.


He said that the investigation could cause foreign partners to withdraw such loan facilities which have a negative effect on Nigeria’s infrastructural development.


The minister said that he has raised concerns over the ongoing investigation with the Speaker of the House, Rep. Femi Gbajabimila.


Amechi explained that the hearing could stop the loan facility the Federal Government ”is seeking for the completion of the Lagos-Ibadan and Kano rail projects”.


He, however, recommended that the hearing should be shifted to December when the loan facility would have been acquired.


The Chairman of the committee, Rep. Nicholas Ossai (PDP-Delta) said that the committee is empowered to conduct overnight before, during or after loan facilities are acquired.


He said that the committee seeks to review all Nigeria’s bilateral loan agreement to ensure the country is not shortchanged.

Comments

Popular posts from this blog

#BBNaija SEASON 5: Meet the housemates

After many weeks of waiting, the popular reality TV show, Big Brother Naija is back with a new season that promises to be filled with immense drama and excitement. According to organisers, MultiChoice Nigeria, the winner of this year’s edition will be going home with N85 million worth of prizes! Yes, way bigger than the previous editions. The breakdown of the prizes for the winner includes: a N30m cash prize; a top SUV; a trip to Dubai for two; a trip to Dublin; a two bedroom apartment; three smartphones; and a year’s supply of selected food stuff, snacks and drinks. There’s also a bonus prize of two VIP Tickets to watch a Champion League final game live. Meet the housemates: DORATHY Dorathy Bachor is a 24-year-old entrepreneur from Lagos. She believes she is the only one who should make you smile. Her sassiness will definitely prove to be an asset in Biggie’s house. What new habit or skill did you acquire during lockdown? I can sleep for more than four hours. I also discovered the abi

#BBNaija 2020: Get out, I’m done with you – Erica blasts Laycon

Big Brother Naija Lockdown housemate, Ngozi Nlewedim, popularly known as Erica, has berated fellow housemates, Laycon, for gossiping about her with the others. Laycon, who has a very strong feeling for Erica, seems to have been affected by the outcome of rejection as the Abia-born female housemate picked Kiddwaya over him. For this reason, Laycon has been seen at different times and locations discussing Erica and telling fellow housemates how he feels being rejected. Erica had once made it clear that while she is mentally attracted to Laycon, she is physically attracted to her lover, Kiddwaya. Addressing the housemates during Sunday’s live eviction, the reality tv show host, Ebuka had drawn the attention of Erica to things going on around her, one of which was Vee advising Laycon on how to handle his feelings for Erica. After the live eviction, Erica chatted with Vee, wondering why Laycon hasn’t moved on yet. Erica said that by now Laycon should move on and stop going around telling th

#BBNaija 2020: Kiddwaya’s mother finally speaks with Erica, details of conversation revealed

Susan Waya, mother of Big Brother Naija, BBNaija, evicted housemate, Kiddwaya, has finally reached out to ex-housemate, Erica. Mrs Waya, who spoke with Erica on phone, described the evicted BBNaija housemate as a “sweet lady.” She disclosed this to The Boss, a newspaper owned by Dele Momodu, on Monday. Mrs Waya who lives in Essex, United Kingdom said their conversation lasted for about 10 minutes. “She’s such a sweet lady… I’m looking forward to meeting her and can’t wait to see my son very soon in Lagos,” she said. Recall that Erica and Kiddwaya were involved in what many termed as a relationship while on the reality show. Though, they had their on-and-off moments, but the romantic cord between them was unmistakable. While Erica was disqualified from the BBNaija reality television show two weeks ago, Kiddwaya was evicted on Sunday.