Reasons why the Chinese government desisted from giving Nigeria loans facility has been disclosed by the Minister of Information and Culture, Lai Mohammed.
The Minister, while speaking with DailyTrust on Monday, February 21, stated that the Chinese government stop giving the Federal government loans because of repeated reports that the Nigeria will soon go bankrupt
”When we started, we found the Chinese government more willing and their terms were much more acceptable and the speed with which the loans were completed and the speed with which we started working.
Unfortunately, along the line, I can remember the Minister of Transportation complaining that the entire world takes its cue from what Nigerians say about their government. The issue of reports that the government will soon go bankrupt, I think made them stop. Yes, we’re not getting the loans again as we would have wanted.”he said
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