Jonathan Seeks $1 Billion Loan to Fight Boko-Haram
President Goodluck Jonathan yesterday requested for immediate approval of $1 billion by National Assembly as to enable government tackle Boko-Haram in Nigeria.
The President a letter addressed to Senate explained the money will be used to upgrade military equipment in Nigeria and also to enable the government to partner with other government.
It could be recalled the due to Boko-Haram insurgency in Nigeria, Federal government has declared state of emergency in three North Eastern states.
According to the letter, you are no doubt of the ongoing and serious security challenges which the nation is facing as typified by the Boko-Haram terrorist treat.
In a letter read on the floor of the Senate by Senate President David Mark said the money will be used to upgrade the equipment of armed forces.
The letter dated July 15 reads,” I would like to bring to your attention the urgen need to upgrade the equipment, training and logistic of our Armed Forces and Security services to enable them more forcefully confront this serious threat.
For this reason, I seek the concurrence of the National Assembly for external borrowing of not more than $1 billion including government to government arrangement for this upgrade.
“While counting on the steadfast support of the distinguish members of the Senate as always, please accept.
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