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Chinese loans: Reps interrogates Amaechi, Ahmed, others today

The House of Representatives will on 17th August (today) interrogates ministers and other top officials of the Federal Government over Nigeria’s external loans, especially from China.

The Minister of Finance, Budget and National Planning, Zainab Ahmed; Minister of Communications and Digital Economy, Isa Pantami; Minister of Power, Saleh Mamman; Minister of Transportation, Rotimi Amaechi; and Director-General of the Debt Management Office, Patience Oniha, among others has been summoned by the House Committee on Committee on Treaties.

The panel had on July 28, 2020, begun an investigation into the external loans taken by Nigeria, beginning with a $500m loan taken from China for rail projects.

But Amaechi, who appeared before the committee, had said the probe would send a wrong signal to China, which could stop the loans, thereby thwarting the nation’s rail projects.

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