Rotimi Amaechi, minister of transportation, says the
“selfishness” of some lawmakers, which resulted in a probe and generated
publicity on the details of a 2018 Chinese loan agreement, has negatively
affected the country.
In July 2020, a house of representatives panel had raised
the alarm over clauses conceding Nigeria’s sovereignty to China in a loan
agreement.
The probe dragged on for weeks, despite assurances from
Abubakar Malami, attorney-general of the federation, that the federal
government will work in the best interest of Nigerians, while Amaechi had also
warned that the investigation may affect Nigeria’s chances when it comes to
loans.
Giving an update on the situation on Monday when he featured on a Channels Television programme, Amaechi said the probe resulted in seven months of “waste”, as the approval process was delayed.
“That’s where we are. The loan for Ibadan to Kano, up till
now we haven’t gotten approval. And at the point that happened, we were just on
the verge of getting approval. They withdrew. They’re asking more questions,”
the minister said.
“The two things I said at that meeting; they’re happening
now. There are other countries we have loan agreements with, that we entered
into agreement to borrow money from. They don’t usually ask for immunity
clause, because they trust you, so they expect that you’ll pay back. The moment
you brought this to the public, it was ‘ah! you’re giving China immunity
clause, so you must give us.’
“The selfishness of those members, who I don’t know what
they’re pursuing, has put the country into jeopardy. Now, other countries are
asking for immunity clause in their own agreements.
“The other aspect I said was that the Chinese may likely
withdraw. That’s where we are; we’re talking to them. They’ve promised to give
us the loan, but at least it’s held us back since June till now. We’ve done
seven months. If they had give us money since June, we’ll have gone far. We
would have started clearing by now. But imagine seven months wasted because one
or some few members of the house of reps went to the public.”
Amaechi also gave a brief explanation of what was covered in
the immunity clause regarding the Chinese loan agreement.
“I’ve explained over and over that what the immunity clause
simply does is to say ‘look, in case you’re not able to pay back, I want to be
given the opportunity to take you to court or to arbitration as it is in the
clause’,” he said.
“What the immunity clause does for us as Nigeria is that you
can go for everything in case the court awards you anything, but you can’t go
for our diplomatic assets, military assets, oil assets. So, what’s remaining?
Airport, railway… those are things you can go for in case the court awards
you.”
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