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Nigeria’s Minister of Transportation Rotimi Amaechi says the country has already commenced repayment of loans gotten from China for the construction of railways.
Mr Amaechi stated this on Monday when he featured on an ARISE News programme The Morning Show and said Nigeria has moved from the N70 million revenue target for the Abuja to Kaduna rail line to N350 million as at May 2020.
According to the minister, once the operational costs are taken away, “we have started paying back the loans”.
Mr Amaechi also spoke on reports that suggests Africa’s largest economy has mortgaged her assets to the Chinese government.
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