Skip to content
July 7, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

Watch Online
  • Home
  • National News
  • Chinese loans: Amaechi appears before Reps public hearing, says I’m only aware of $1.6bn contract
  • National News

Chinese loans: Amaechi appears before Reps public hearing, says I’m only aware of $1.6bn contract

Admin August 17, 2020
Amaechi

Chibike Rotimi Amaechi

The Minister of Transportation, Rotimi Amaechi has appeared before the House of Representatives Public Hearing on Treaties and Protocols.

Speaking during the hearing in Abuja on Monday, Amaechi disagreed with the committee, saying he is unaware of a N33 billion contract by the Ministry of Transport but only a $1.6 billion contract.

He said the action of the committee is political.

The committee, which is investigating Nigeria’s foreign loans, had on July 28 when Amaechi  appeared before it, raised the alarm that the agreement signed with China might force Nigeria to cede its sovereignty to the Asian country.

Amaechi
House of Representatives

But the minister advised the lawmakers against the probe, saying it could make China to withhold the loan, thus thwarting rail projects that would be financed with the money.

The committee is also interested in the number of Nigerians and Chinese involved in the Federal Government rail project.

Tags: Rotimi Amaechi

Post navigation

Previous UNILAG alumnus bags 53-years imprisonment for assault, raping student on campus 
Next Asaba Airport reopens: Aero resumes flight operations

Related Stories

Ethical, balanced journalism essential to Northern Nigeria’s future – Minister Idris
  • National News

Ethical, balanced journalism essential to Northern Nigeria’s future – Minister Idris

July 6, 2026
NABTEB surpasses 100,000 registrations for Federal Technical Colleges Admission exercise
  • National News

NABTEB surpasses 100,000 registrations for Federal Technical Colleges Admission exercise

July 6, 2026
Two Nigerian, citizens killed as anti-migrant violence surged in South Africa
  • National News

Two Nigerian, citizens killed as anti-migrant violence surged in South Africa

July 6, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

The Ideological Chasm Between Obi and Umahi, by Valentine Obienyem
  • Commentaries

The Ideological Chasm Between Obi and Umahi, by Valentine Obienyem

July 6, 2026
Matawalle is right, Tinubu will sweep the north, by Jack Okude
  • Politics

Matawalle is right, Tinubu will sweep the north, by Jack Okude

July 6, 2026
Tinubu directs FCCPC to investigate Big Techs over alleged Nigeria media exploitation
  • Business & Economy

Tinubu directs FCCPC to investigate Big Techs over alleged Nigeria media exploitation

July 6, 2026
Shettima, Okonjo-Iweala, Lumumba, Brazilian, Chinese investors for Delta Summit
  • Business & Economy

Shettima, Okonjo-Iweala, Lumumba, Brazilian, Chinese investors for Delta Summit

July 6, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.