{"id":15043,"date":"2021-03-30T08:08:41","date_gmt":"2021-03-30T07:08:41","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=15043"},"modified":"2021-03-30T08:08:41","modified_gmt":"2021-03-30T07:08:41","slug":"amaechi-opens-up-on-delayed-china-loan-approval-says-selfish-lawmakers-put-nigeria-in-jeopardy","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/03\/30\/amaechi-opens-up-on-delayed-china-loan-approval-says-selfish-lawmakers-put-nigeria-in-jeopardy\/","title":{"rendered":"Amaechi opens up on delayed China loan approval, says selfish lawmakers put Nigeria in jeopardy"},"content":{"rendered":"<p>The Honorable Minister of Transportation, Rotimi Amaechi has stated that the &#8220;selfishness&#8221; of some lawmakers which resulted in a probe and generated publicity on the details of a 2018 Chinese loan agreement has negatively affected the country.<\/p>\n<p>Recall that a house of representatives panel in July 2020 had raised the alarm over\u00a0clauses conceding Nigeria\u2019s sovereignty to China in a loan agreement.<\/p>\n<p>Despite assurances from attorney-general of the federation, Abubakar Malami that the federal government will work in the best interest of <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/03\/29\/fg-receives-255-stranded-nigerians-from-saudi-arabia\/\">Nigerians<\/a>, the prive continued for weeks.<\/p>\n<p>The transportation minister, Rotimi Amaechi had also warned that\u00a0the investigation may affect Nigeria\u2019s chances when it comes to loans.<\/p>\n<p>Giving an update on the situation on Monday when he featured on a Channels Television programme, Amaechi said the probe resulted in seven months of \u201cwaste\u201d, as the approval process was delayed.<\/p>\n<p>\u201cThat\u2019s where we are. The loan for Ibadan to Kano, up till now we haven\u2019t gotten approval. And at the point that happened, we were just on the verge of getting approval. They withdrew. They\u2019re asking more questions,\u201d the minister said.<\/p>\n<p>\u201cThe two things I said at that meeting; they\u2019re happening now. There are other countries we have loan agreements with, that we entered into agreement to borrow money from. They don\u2019t usually ask for immunity clause, because they trust you, so they expect that you\u2019ll pay back. The moment you brought this to the public, it was \u2018ah! you\u2019re giving China immunity clause, so you must give us.\u2019<\/p>\n<p>\u201cThe selfishness of those members, who I don\u2019t know what they\u2019re pursuing, has put the country into jeopardy. Now, other countries are asking for immunity clause in their own agreements.<\/p>\n<p>\u201cThe other aspect I said was that the Chinese may likely withdraw. That\u2019s where we are; we\u2019re talking to them. They\u2019ve promised to give us the loan, but at least it\u2019s held us back since June till now. We\u2019ve done seven months. If they had give us money since June, we\u2019ll have gone far. We would have started clearing by now. But imagine seven months wasted because one or some few members of the house of reps went to the public.\u201d<\/p>\n<p>Amaechi also gave a brief explanation of what was covered in the immunity clause regarding the Chinese loan agreement.<\/p>\n<p>\u201cI\u2019ve explained over and over that what the immunity clause simply does is to say \u2018look, in case you\u2019re not able to pay back, I want to be given the opportunity to take you to court or to arbitration as it is in the clause\u2019,\u201d he said.<\/p>\n<p>\u201cWhat the immunity clause does for us as Nigeria is that you can go for everything in case the court awards you anything, but you can\u2019t go for our diplomatic assets, military assets, oil assets. So, what\u2019s remaining? Airport, railway\u2026 those are things you can go for in case the court awards you.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Honorable Minister of Transportation, Rotimi Amaechi has stated that the &#8220;selfishness&#8221; of some lawmakers which resulted in a probe and generated publicity on the details of a 2018 Chinese loan agreement has negatively affected the country. Recall that a house of representatives panel in July 2020 had raised the alarm over\u00a0clauses conceding Nigeria\u2019s sovereignty [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":8799,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[1686,4039,4040,2125,4038],"class_list":["post-15043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-abubakar-malami","tag-china-loan","tag-nigerias-sovereignty","tag-rotimi-amaechi","tag-selfish-lawmakers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Amaechi opens up on delayed China loan approval, says 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