Loans: China Can Seize Assets If Nigeria Defaults, Says Amaechi     The Minister of Transportation, Mr. Rotimi Amaechi, has said if Nigeria defaults on loans repayment, China has right to take over those assets and run them until it recovers its money. The minister spoke to journalists...

Lawmakers Raise Alarm Over Chinese Loans     The House of Representatives has raised the alarm over loan agreements being entered into by the Federal Government with China. According to the lawmakers, Nigeria will concede some of its sovereignty if the country defaults in the repayment plan. The House...

Itakpe-Warri Rail Line Now Completed - Amaechi   Rotimi Amaechi, minister of transportation, says the Itakpe-Warri rail line has been completed. Amaechi disclosed this via Twitter on Tuesday. The minister of transportation also said the completed rail project would be inaugurated by President Mohammadu Buhari. “The Itakpe-Warri rail line...

Lagos-Ibadan Rail Can’t Be Completed In April - FG   The Lagos-Ibadan railway project cannot be completed in April this year as earlier projected, the Federal Government has declared. Minister of Transportation, Rotimi Amaechi, disclosed this on Monday while inspecting the project, alongside the Minister of State...

20 Coaches Arrive For Abuja-Kaduna, Lagos-Ibadan Train Services   Ahead of the start of commercial operation on the new Lagos-Ibadan standard gauge rail line, 20 new coaches have arrived in Nigeria, 10 of which will be deployed along the route. A source at the Federal Ministry of...

Buhari'll Inaugurate Lagos-Ibadan Railway In May - Amaechi   The Minister of Transportation, Rotimi Amaechi, on Tuesday, said President Muhammadu Buhari, could inaugurate the Lagos-Ibadan railway in May. Amaechi, who said this on a live television programme monitored in Abuja, noted that the Federal Ministry of Transportation...