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Buhari Allows Us To Take Loans, We Are Borrowing To Develop – Rotimi Amaechi



The Minister of Transportation, Rotimi Amaechi, says President Muhammadu Buhari has given his approval for Nigeria to take loans.

Amaechi disclosed this during a special programme which held on Channels Television on Thursday to mark Nigeria’s diamond independence anniversary.

According to him, the borrowings were done for infrastructural development in several parts of the country.



Speaking on rail transportation, the Minister said Nigeria had money from the excess crude oil account before Buhari’s administration in 2015.

He argued that when crude oil was sold at $120 per barrel, the total amount meant to develop the nation’s railway across the 36 states and the FCT was between $35 to $40billion.

While reiterating the Federal Government’s commitment to delivering laudable projects for infrastructural developments, the Minister asked Nigerians for more time.

He however explained that logistics is crucial in dealing with economic development in the country for the well-being of the masses. ChannelsTv

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