DESPITE IMF, ECONOMISTS WARNING NIGERIA RUNS TO CHINA AGAIN FOR 1.8BIL DOLLARS LOAN

Despite warning by prominent economists as well as IMF about the implications of collecting loans from China, Nigerian government seems hell-bent in following the steps of other African countries that have mortgaged key sectors to Chinese lenders. [FILE PHOTO] Railway • Yet to commence repayment of $500m counterpart fund • Amaechi offers insight into delayed take-off of national carrierMinister of Transportation, Chibuike Rotimi Amaechi, yesterday said the Federal Government had requested a fresh $1.8 billion from the China Exim Bank for the construction of the coastal rail line. He pointed…

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