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.
“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.
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“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.”
Video..
Click to signup for FREE news updates, latest information and hottest gists everyday@ChibuikeAmaechi says there's nothing wrong with ceding Nigeria's sovereignty to China to get $500m loan pic.twitter.com/8SRJVVTrou— Nwachukwu John Owen (@johnowen99) August 4, 2020
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