By Taiye Elebiyo-Edeni
The Minister of Transportation, Mr Rotimi Amaechi said on Monday that the Nigerian government did not mortgage any property to secure infrastructural loans from China.
Amaechi made the clarification at the 6th Annual East African Transport Infrastructure conference held in Nairobi, Kenya.
According to Amaechi, Nigeria did not offer China any such comfort because the country has the ability to repay the loan.
There were reports that countries such as Sri Lanka, Somalia, Kenya, Sudan, among others are facing pressure of forfeiting their infrastructure to China over unpaid debts.
“I don’t know the arrangement these countries made with China-Exim bank, I do not think we will have any problems with repaying our loans. The countries that they are talking about are Kenya, Somalia and Sudan.
“These are some of the countries that have not been able to repay their loans I…
Source: News Agency of Nigeria
