Amaechi reveals countries which are able to repay loans Click HERE for MORE
“These are some countries that have not been able to repay their loans i think. so what they are doing is that they are taking over to mange and get their money but its not so in Nigeria.”
He continued, “in fact, its affecting our ability to borrow and they are now saying look, we cant lend to you because these people are not ready to pay back. How do we know you are going to pay back.
“It also depends on what agreement plan you have with them .our agreement does not include the fact that they will come and take over our sea ports or railways or airports. We believe that we can pay back using our own money”.
Shedding light on how Nigeria will break even in terms of generation of revenue from the rail sector, Hon Amaechi said , the decision to develop the rail sector was beyond movement of persons.
“ Nobody runs rail way with passengers. You can never get one naira out of it. Nigerians just think railway is just to Carry passengers the problem is that the goods that should be on the rail are the ones on the road and its destroying the road.
“ Once we conclude the rails and those goods are transferred to the rail, that is when we start making money to pay our debts .
“That’s not the overall aim. The reason why the federal govt say we must get to the sea ports is to decongest the Apapa sea ports. That’s where the money lies.”
He however disclosed that at the end of June, the federal government will come up with a repayment plan .
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