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LOAN: Yes, I Know What I Am Saying,..There’s nothing wrong with ceding Nigeria’s sovereignty to China – Amaechi [VIDEO]

Adedoyin Gold by Adedoyin Gold
7 months ago
in BREAKING NEWS, finance, HEALTH, Home
1 min read
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The Minister of Transportation, Chibuike Amaechi, has said there was nothing wrong with Nigeria ceding her sovereignty to China.

The Minister was fielding questions on the controversies surrounding the $500 million loan from China on Channels Television’s Politics Today.

Amaechi insisted that Chinese loans are the cheapest form of loans the country can get anywhere.

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“What is wrong with Nigeria ceding its sovereignty to China?” Amaechi asked Tuesday evening.

“I said this because the sovereignty you are ceding is not the sovereignty that makes you a nation.

“If you watch my interview with the AIT, you’ll see that I was very proud to have been trained at the University of Port Harcourt because that training at the University of Port Harcourt makes me understand that there’s a difference between what the honourable Minister of Justice was explaining today – what is diplomatic immunity, jurisdictional immunity and commercial immunity.

“Just like the commercial banks will ask you for collateral before giving you loan, this country is saying we’re not Nigerians; we’re not you father, if we want to give you $500m we want you to wave the immunity that will stop us from taken you arbitration if you default.”

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