Tuesday, March 28, 2023

Why China Stopped Giving Nigeria Loans – Lai Mohammed

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Alhaji Lai Mohammed, the Minister of Information and Culture, has disclosed during an interview why China has stopped giving loans facility to Nigeria and the Government of Pres. Muhammadu Buhari. Lai Mohammed

Speaking in an interview with DailyTrust on Monday, February 21, the minister said, “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.
READ ALSO: Agreements With Twitter Meant To Regulate It, Not Censor It – Lai Mohammed

Lai MohammedUnfortunately, 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.” Lai Mohammed

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Photo Credit: Getty

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