Jonathan seeks Senate’s approval to borrow N150billion to fight BokoHaram

Goodluck Jonathan

Goodluck Jonathan

President Goodluck Jonathan Wednesday forwarded a request to the National Assembly,seeking an urgent approval of about N150 billion ($1b) external loan to combat Boko Haram activities in Nigeria.

In a letter dated July 15, 2014 and addressed to the Senate President, David Mark, Jonathan said the external loan was urgently needed to upgrade
equipment, training and logistics of the Armed Forces and security services to enable them forcefully confront the insurgents in the country.

On the request for loan, the letter titled, Tackling Ongoing Security Challenges: Need for Urgent Action, further reads:

“You are no doubt cognizant of the ongoing and serious security challenges which the nation is facing, as typified by the Boko Haram terrorist threat. This is an issue that we have discussed at
various times.

“I would like to bring to your attention the urgent need to upgrade the equipment, training and logistics 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 $1billion dollars including government to
government arrangements for this upgrade”.

The National Assembly had in 2014 Budget, appropriated N968.127 billion for addressing Boko Haram insurgency. is your one-stop online news magazine blog. We report credible information as they happen. Follow us on Facebook and Twitter to get Latest Information.

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