The reason why the Chinese government stopped giving loans facility to Nigeria has been explained by the Minister of Information and Culture, Alhaji Lai Mohammed.
Mohammed, while speaking with DailyTrust on Monday, February 21, said that repeated reports claiming the Nigerian government will soon go bankrupt made the Chinese government stop giving the Federal government loans.
”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.
Unfortunately, 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.”he said
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