The Minister of Transportation, Rotimi Amaechi has said the Federal Government has started looking for loans in Europe following the refusal of the Chinese to fund Nigerian projects.
In an interview with Guardian, the minister blamed the delays in major projects, including railways, on the inability of the Chinese to fund them.
According to Amaechi: “We are stuck with lots of our projects because we cannot get money. The Chinese are no longer funding. So, we are now pursuing money in Europe.
“And when I look at the money they are borrowing in other countries and compare it with the one we have borrowed, the kind of comments by Nigerians will put you off.”
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