Amaechi Gives Reasons Why President Buhari Approved Loans Acquisition
The Minister of Transportation, Rotimi Amaechi, has mentioned on Thursday that President Muhammadu Buhari has approved for Nigeria to take loans. According to the former Governor of Rivers State, the loans are targeting infrastructural development in many parts of the country. The minister explained that when crude oil was sold at $120 per barrel, the total amount needed to develop the railway across the 36 states and the Federal Capital Territory (FCT) was between $35billion to $40billion.