The Minister of Transportation, Rotimi Amaechi declared that the Federal Government of Nigeria has diverted it's attention to Europe in search of Loans as China refuses to fund Nigerian Projects any more.
The Minister of Transportation, Rotimi Amaechi, has blamed the delay in the implementation of major projects in the country including railways, on the inability of China to fund them.
He expressed belief that if Nigeria could obtain loans from Europe, the existing projects will be executed and completed.
According to Amaechi, “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.”
Amaechi also mentioned that the Abuja-Itakpe railway is underway, which will link the existing Itakpe-Delta rail line.
He said the link rail would have been completed but for an altercation with the Chinese contractor in charge of the project.
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