
The Federal Government has blamed a lack of funding for delays in completing some important projects around the country, notably railways.
The Minister of Transportation, Rotimi Amaechi, revealed in an interview with the Guardian that the Chinese have ceased supporting Nigerian government projects, forcing the Federal government to seek loans in Europe to finish existing projects.
“We are stuck with lots of our projects because we cannot get money. The Chinese are no longer funding. So, we are now pursuing money in Europe. And when I look at the money they are borrowing in other countries and I compare with the one we have borrowed, the kind of comments by Nigerians will put you off,” he said?
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