Goodluck Jonathan Asks For $1,000,000,000 To Fight Boko Haram

President Goodluck Jonathan asks for $1,000,000,000 for Army
equipment and modernization.
Jonathan has asked the House of Representatives to grant
approval to his government to borrow an external loan of $1bn,
approximately equal N165bn. The president’s inquiry became
known during the House’s plenary in Abuja on Wednesday, July
16. The money is said to be used to upgrade the equipment of
the Armed Forces.
In his letter entitled Tackling Ongoing Security Challenges for
Urgent Action and addressed to the Speaker of the House of
Representatives, Aminu Tambuwal, President Jonathan wrote:
“You are no doubt cognizant of the ongoing serious security
challenges, which the nation is facing as typified by the Boko
Haram terrorists 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 be more forceful to 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 arrangements for this upgrade.”