Tuesday, May 24, 2022
More

    Latest Posts

    Singer 2Baba visits late Sound Sultan’s grave

    Nigerian music icon, Innocent Idibia, popularly known as 2Baba, has paid a visit to the grave site of his late colleague, Sound Sultan. In the...

    Ireti Doyle slams Niyi Akinmolayan over tweet tackling ‘Influencer Actors’

    The veteran actress reacted to tweets made by 'Chief Daddy' director, Niyi Akinmolayan where he tackled actors and critics demanding for challenging roles in...

    Why National Assembly frowns on corruption – Lawan

    The President of the Senate, Ahmad Lawan, has assured the judiciary that the National Assembly is determined to provide any possible support to enable...

    Blasphemy: Ex-IGP son’s partner files for full custody of child

    Irene Nwachukwu, the mother of the child of Jamil Abubakar, has filed for the sole custody of their son over the father’s “extreme religious...

    Amaechi blames National Assembly for Ibadan-Kano rail project delay

    THE Minister of Transportation, Rotimi Amaechi, has thanked President of the Senate, Ahmad Lawan; and Speaker of the House of Representatives, Femi Gbajabiamila, for stopping an investigation of commercial agreements and external borrowings by the Federal Government.

    Amaechi also blamed the National Assembly for the delay being suffered by the Ibadan-Kano rail line project over the probe by the House.

    The minister, who featured on Politics Today, a current affairs programme on Channels Television, on Wednesday, alleged that Chinese officials had expressed doubts over the possibility of Nigeria repaying the loan with which the project was to be funded due to the alarm raised by the House committee carrying out the investigation.

    The House had in plenary on May 12, 2020, criticised Nigeria’s loan agreements with China, calling for a review of the deals and cancellation of the latest ones under the Muhammadu Buhari-led regime.

    The House Committee on Treaties, Protocols and Agreements chaired by Mr Nicholas Ossai, which was mandated to conduct the investigation, had raised the alarm over “dangerous” clauses in loans and commercial agreements with international bodies and other countries, especially China.

    The committee, after grilling Amaechi at its first and second hearings, had invited several other ministers and top officials of the Federal Government to the third hearing on the said date.

    On Wednesday, Amaechi recalled warning that the probe would discourage the Chinese government from going further to grant the loan.

    Responding to a question on Nigerians’ concern about the loans and if the government still wants to take more to execute rail projects, the minister said, “When you hear the Federal Ministry of Transport announce the award of a contract, we have yet to get the loan.”

    He added, “Let me tell you the loans we have got; the government of President Goodluck Jonathan borrowed $500m to execute Abuja-Kaduna. We did not borrow the money.

    “But when we came, we had to, through the budget, complete Abuja-Kaduna. We completed Itakpe-Warri from our pocket, from the budget. We will commence work by this month end on the Kaduna-Kano rail line.

    Copyright PUNCH.

    Latest Posts

    Singer 2Baba visits late Sound Sultan’s grave

    Nigerian music icon, Innocent Idibia, popularly known as 2Baba, has paid a visit to the grave site of his late colleague, Sound Sultan. In the...

    Ireti Doyle slams Niyi Akinmolayan over tweet tackling ‘Influencer Actors’

    The veteran actress reacted to tweets made by 'Chief Daddy' director, Niyi Akinmolayan where he tackled actors and critics demanding for challenging roles in...

    Why National Assembly frowns on corruption – Lawan

    The President of the Senate, Ahmad Lawan, has assured the judiciary that the National Assembly is determined to provide any possible support to enable...

    Blasphemy: Ex-IGP son’s partner files for full custody of child

    Irene Nwachukwu, the mother of the child of Jamil Abubakar, has filed for the sole custody of their son over the father’s “extreme religious...

    Don't Miss

    Ministers’ exit: Buhari bows to pressure, APC panel may demand resignation letters

    There are strong indications that members of the Federal Executive Council who have declared their intention to contest the 2023 presidential election...

    Jonathan not yet our member, says Bayelsa APC chairman

    The Bayelsa State chairman of the All Progressives Congress, Dennis Otiotio, has said that the former President, Goodluck Jonathan, is officially not...

    Fuel queues: 300 tankers to hit Abuja Wednesday says NNPC

    The Group Managing Director of the NNPC, Mele Kyari, who spoke to journalists on the current fuel scarcity in the nation’s capital...

    EndSARS: Osun to compensate victims of police brutality

    Osun State Governor, Gboyega Oyetola, would, on Thursday, May 12, pay compensation to victims of police brutality in the state.

    Actress Genevieve Nnaji returns to Instagram amid rumoured mental illness

    Nollywood actress, Genevieve Nnaji, on Wednesday returned to Instagram as she shared a video of herself, where she was painting on a...

    Stay in touch

    To be updated with all the latest news, offers and special announcements.