x

Amechi raises concern over foreign loans probe

The Minister of Transportation, Mr Rotimi Amechi has observed that the investigations of loans taken by the Federal Government could send wrong signal to the lenders.

Ameachi made the observation at an investigative hearing organised by the House of Representatives Committee on Treaties, Protocols and Agreements in Abuja.

He said that the investigation could cause foreign partners to withdraw such loan facilities which have negative effect on Nigeria’s infrastructural development.

The minister said that he has raised the concerns over the ongoing investigation with the Speaker of the house, Rep. Femi Gbajabimila.

Amechi explained that the hearing could stop the loan facility the Federal Government ”is seeking for the completion of the Lagos-Ibadan and Kano rail projects”.

He, however, recommended that the hearing should be shifted to December when the loan facility would have been acquired.

The Chairman of the committee, Rep. Nicholas Ossai (PDP-Delta) said that the committee is empowered to conduct overnight before, during or after loan facilities are aquired.

He said that the committee seeks to review all Nigeria’s bilateral loan agreement to ensure the country is not shortchange.(NAN)

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

D-CARES Implementation Applauded at NG-CARES South-South Review Meeting

By Anne Azuka Governor Sheriff Oborevwori has commended the World...

Sokoto Advancement Forum Seeks Partnership with Police on Security

By Muhammad Ibrahim, Sokoto A delegation from the Sokoto Advancement...

Kaduna: Armed Bandits Kill Seven in Kauru LG Fresh Attacks

By Achadu Gabriel, Kaduna At least seven people, including a...

ECOWAS Peace Fund, UCARE Nigeria Render Humanitarian Services to Over 2,000 IDPs in Benue

By Isaac Kertyo, Makurdi The ECOWAS Peace Fund, in partnership...

Plateau ALGON tours 17 LGCs, pledges commitment to rural development

By Israel Adamu, Jos The Plateau State chapter of the...

Bakassi Peninsula:Ex-AGF Aondoakaa,SAN, Lauds Late President Yar’Adua’s Action

Former Minister of Justice and Attorney General of the...

Poverty Alleviation: Sanwo-Olu Commended As Lagos Registers More Vulnerable Households

A civil society organization, the Campaign for Dignity in...

Gunmen Kidnap Two Members of CEFN Church in Kogi

By Noah Ocheni, Lokoja Gunmen have abducted two members of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img