He alleged that some sections of the country’s rail lines “will suffer” if China stops giving out loans to Nigeria upon sensing a disagreement between the executive and the legislature. He said: “The terms contained in the agreement is not as if we are signing off the country’s sovereignty. And should the asset depreciate; then the country can discuss other assets they can take over to recoup the loans. I am saying that because I am juxtaposing what we are doing with what we did before the debt crisis of 1986. Some stakeholders in the South East zone have asked the NASS to go ahead with the probe of Chinese loans, stressing that Amaechi’s call for its stoppage was out of place, and a pointer to imminent financial malfeasance.

Source: The Guardian August 02, 2020 02:26 UTC