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Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction (9861 Views)

FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line / FG Commences Ibadan-Kano Railway Project (Photos) / Amaechi, Gbemi Saraki Inspects Ongoing Lagos- Ibadan Modern Railway Construction (2) (3) (4)

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Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by adenigga(m): 2:54pm On Jan 10
The construction of the Ibadan to Kano railway will commence once the Chinese government approves its $5.3bn loan to Nigeria, the Federal Government said on Saturday.

The Minister of Transportation, Rotimi Amaechi, who disclosed this at a programme in Abuja, stated that the Federal Government had given approval for the contract.

He was quoted in a statement issued in Abuja by his media aide, Taiye Edeni, as saying, “We are waiting for the Chinese government and bank to approve the $5.3bn to construct the Ibadan-Kano. What was approved a year ago was the contract.


“The moment I announced that the Federal Government had awarded a contract of $5.3bn to CCECC (China Civil Engineering Construction Corporation) to construct the Ibadan-Kano railway, people assumed the money had come in; no.”

The minister added, “We have not got the money, which is a year after we applied for the loan. We have almost finished that of Lagos-Ibadan. If we don’t get the loan now, we can’t commence.”

Amaechi said the Ibadan-Kano rail line would link over six strategic locations in Nigeria, including Kaduna, Kano, Abuja, Minna, Ilorin, Osogbo and Ibadan, adding that cargoes could be moved to Kano from Lagos on the railway.


On concerns about fuel tankers that cause accidents on the roads, the minister stated that currently, cargoes could only move from Lagos to Ibadan.

Amaechi said, “Nigeria should be more patient with the Federal Ministry of Transportation over the issue of wet cargoes.


“Currently we are trying to construct the rail lines into seaports to enable us to transport either wet or dry cargoes to various destinations. For now, wet cargoes can only go between Lagos and Ibadan.

“But the moment we connect rail lines to seaports we will be able to move wet cargoes all the way to Kano from Lagos. We should also commence the construction of Port Harcourt to Maiduguri and we should be able to move cargoes from Bonny to Maiduguri.” .
https://m.punchng.com/News/$5.3bn-Chinese-loan-delaying-Ibadan-Kano-railway-construction-Amaechi

1 Like 2 Shares

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by realstars: 3:00pm On Jan 10
so dem no give the money again? or dem no rich agreement, or we the masses no gree, or una don loot the money?

Obasenjo (PDP) Paid all debt that Nigeria owe'.

Yaradua (PDP) sustain the growth.

Goodluck (PDP) Sustain And grow the economy, and make Nigeria number one in Africa.

Buhari (APC) borrows trillions from china and only service it once, then pushe' it to the next level.

Now Who will pay all this Debt,?

59 Likes 7 Shares

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by chiemmanuel(m): 3:02pm On Jan 10
China should be tired of loan request from Nigeria

40 Likes 6 Shares

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by adenigga(m): 3:03pm On Jan 10
DigitalDesigns:
God help our unborn generations

Amen o!

We are........

30 Likes 5 Shares

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by Freestainworld(m): 3:51pm On Jan 10
I weep for this nation

10 Likes 1 Share

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by Zexpomma(m): 5:42pm On Jan 10
Interesting

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by fastseo: 5:42pm On Jan 10
grin Chai this people don finish Nigeria

3 Likes 2 Shares

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by Korllami007: 5:43pm On Jan 10
Dem wan use $5.3 billion do kano to ibadan railway. grin

Longest bridge in the world cost $1.5 billion, 500 billion naira to build.
2nd niger bridge cost $1 billion, 400 billion naira to build and it's not among top 50 longest bridge in the world.

Like someone said, the same amount Dubai is using to build infrastructures is almost the same with what Nigeria government is using to build infrastructures in Nigeria, but we can't compare both.

Corruption don kill this country.

65 Likes 7 Shares

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by Abilistic(m): 5:43pm On Jan 10
THIS TOO SHALL PASS

And once the storm is over, you won’t remember how you made it through, how you managed to survive. You won’t even be sure, whether the storm is really over.

But one thing is certain. When you come out of the storm, you won’t be the same person who walked in. That’s what this storm’s all about

6 Likes 1 Share

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by BlackSpanner: 5:43pm On Jan 10
Borrow borrow government!!!

8 Likes 1 Share

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by NwaNimo1(m): 5:43pm On Jan 10
Giant of Africa........Chai!

18 Likes 2 Shares

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by DMerciful(m): 5:44pm On Jan 10
Borrow money for SW and NW but expect SS/SE to repay the loan! Nature does not abhor vacuum, una eyes go clear in the fullness of time undecided

22 Likes 2 Shares

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by EVideos: 5:44pm On Jan 10
Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by Risingblue008(m): 5:44pm On Jan 10
Upgraded version of 2020
Hmmmm
11.version
We go hear am hot dis yr,dts just d fact
So fastten ur sit bet
grin grin grin grin angry
Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by mooremoney(m): 5:44pm On Jan 10
The country is cursed and the men running it are evil

3 Likes

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by Ilerioluwa02: 5:44pm On Jan 10
My God forgive these people
Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by solmusdesigns: 5:44pm On Jan 10
cool



China would check Economic feasibility of that project very very well before dropping any loan


They think Chinese are like World Bank and IMF that gives loans and hand them over to corrupt Politicians


.

5 Likes 1 Share

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by Driedfish: 5:44pm On Jan 10
Meow meow.



Not impressed...





Be like na to apply for asylum for US sure pass kus 9ja don cast

5 Likes 1 Share

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by ebere89(f): 5:45pm On Jan 10
Because it is the one linking the south it has now encountered delay

1 Like 1 Share

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by blinking001(m): 5:45pm On Jan 10
The loan should be approved so this projects can be completed...... delay is dangerous
Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by Judolisco(m): 5:46pm On Jan 10
Dem Don dey blame China o

2 Likes 1 Share

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by BuharisBoy: 5:46pm On Jan 10
“As at March 31, 2020, the Total Borrowing by Nigeria from China was USD3. 121 billion. This amount represents only 3.94% of Nigeria's Total Public Debt of USD79. 303 billion as at March 31, 2020 click here for more
Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by Englov(m): 5:46pm On Jan 10
Ok
Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by Esseite: 5:46pm On Jan 10
To think we once complained of $12bn debt in 2015... we are approaching $45bn in 2021.

10 Likes 1 Share

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by yeyeboi(m): 5:47pm On Jan 10
Una Go Borrow Enter Grave Las Las

3 Likes 2 Shares

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by ena5four: 5:47pm On Jan 10
There's a huge difference in MAX BLEM & PLUS BLEM but the oga kpatata of them doesn't live in Nigeria, he lives in Aso Rock, His Name Is PRO BLEM

2 Likes 1 Share

Re: Amaechi: $5.3 Billion Chinese Loan Delaying Ibadan-Kano Railway Construction by paulolee(m): 5:47pm On Jan 10
k

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