President Goodluck Jonathan on Wednesday requested permission from the National Assembly to borrow $1 billion to help equip the armed forces in its fight against the Islamist-insurgent group Boko Haram.
Jonathan, in a letter dated July 15 and read out today in Abuja, by Senate President David Mark, said the $1 billion may be sourced from other governments.
“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.”
Though $6 billion was allocated to defense and security this year’s budget, Federal Government is struggling to curtail a five-year-old insurgency by Boko Haram militants.
Posted: at 16-07-2014 06:34 PM (10 years ago) | Upcoming
elmatado at 16-07-2014 07:36 PM (10 years ago) (m)
Jona call me i go borrow u d money
Posted: at 16-07-2014 07:36 PM (10 years ago) | Upcoming
Look at this people Ooooh…!!! These politicians are criminals.
If $1 billion is truly needed …you should all take pay cuts from your fat salaries. …by doing so you’ll be demonstrating that you are serious and dedicated. …$1 billion will be raised in minutes. After all you are very idle …good for nothing and do nothing politicians.
This is insane ..it is an opportunity to loot as always at the expense of all. Awon Ole dede....
Posted: at 16-07-2014 07:39 PM (10 years ago) | Gistmaniac
joe so u know how to borrow money,ni u never borrow take create job opportunity for the citizens since ? nigeria still borrowing ? our leaders from 1960 till date including papa Iyabo and Goodluck joe E no go better for una
Posted: at 16-07-2014 07:45 PM (10 years ago) | Addicted Hero
odprince at 16-07-2014 08:01 PM (10 years ago) (m)
THE MONEY IS A WASTE IF YOUR INTENTION IS TO USE IT AND FIGHT BOKO HARAM...WHEN YOU AND I KNOW THEM WHO ARE THE BOKO HARAMS IN THE ASSEMBLY,EVEN THE NORTHERN SENATORS,GOVERNORS AND NORTHERN ARMY AND POLICE,ALL THE MUSLIMS IN NIGERIA IS BOKO HARAM,SO WHO DO YOU WANT TO FIGHT WHO??OGA JONA...JUST DIVIDE THE COUNTRY AND LET EVERYONE GO..FREE THE BIAFRANS AND LET US HAVE OUR SOLDIERS AND DEFEND OUR OWN BIAFRANS.......NIGERIA HAVE EXPIRED...BEFORE HAUSA'S WILL KILL YOU THERE,DIVIDE THE COUNTRY....REMEMBER THAT EVEN YOUR VICE IS A MEMBER OF BOKO HARAM..............NIAJA PAL ADMIN AND GISTMANIA..BAN ME NOW BECAUSE I HAVE SAID THE TRUTH.....ADMIN IS BOKO TOO
Posted: at 16-07-2014 08:01 PM (10 years ago) | Gistmaniac
sonofman25 at 16-07-2014 09:08 PM (10 years ago) (m)
Quote from: odprince on 16-07-2014 08:01 PM
THE MONEY IS A WASTE IF YOUR INTENTION IS TO USE IT AND FIGHT BOKO HARAM...WHEN YOU AND I KNOW THEM WHO ARE THE BOKO HARAMS IN THE ASSEMBLY,EVEN THE NORTHERN SENATORS,GOVERNORS AND NORTHERN ARMY AND POLICE,ALL THE MUSLIMS IN NIGERIA IS BOKO HARAM,SO WHO DO YOU WANT TO FIGHT WHO??OGA JONA...JUST DIVIDE THE COUNTRY AND LET EVERYONE GO..FREE THE BIAFRANS AND LET US HAVE OUR SOLDIERS AND DEFEND OUR OWN BIAFRANS.......NIGERIA HAVE EXPIRED...BEFORE HAUSA'S WILL KILL YOU THERE,DIVIDE THE COUNTRY....REMEMBER THAT EVEN YOUR VICE IS A MEMBER OF BOKO HARAM..............NIAJA PAL ADMIN AND GISTMANIA..BAN ME NOW BECAUSE I HAVE SAID THE TRUTH.....ADMIN IS BOKO TOO
hmmm funny u u still av dis division of a Thing in u mind it will never do u knw y ?
Posted: at 16-07-2014 09:08 PM (10 years ago) | Upcoming
If the little Malala could donate $200,000 from her foundation ……what about Nigerian billionaires and millionaires?
Each Nigerian billionaire and millionaire should double or triple that amount given the fact most of them ......if not all them made their fortune fraudulently at the expense of poor Nigerians.
If this is a national wedding or birthday they’ll be donating cars, villas and expensive gifts. They have to give back some of what they looted.
Shame on the so called Nigerian Billionaires & Millionaires…..….
Posted: at 16-07-2014 09:16 PM (10 years ago) | Gistmaniac
That has bn dr plan all ds while, foreign aid wey una ask for no yield and meaningful result na d money go come do am abi? very soon una go sell naija so dm go just dey hunt people down anyhow in broad day light and take whoever dm wan take... We dey watch sha. All d money wey una collect from Abacha's family and the likes where una put them?
Posted: at 16-07-2014 09:20 PM (10 years ago) | Gistmaniac
The meeting was a staged event organized by Levick, the Washington-based PR firm according to SaharaReporters.
Phillip Elwood, the Vice President of the Levick firm, told a SaharaReporters correspondent hours after the cancelled event that the reasoning for the Jonathan bailout was that “they are facing a crisis on the ground.” Elwood offered no further information, and told the correspondent to call back later for more information.
SaharaReporters did call back, but Elwood’s phone immediately forwarded to voice mail. At press time, there was no mention of the cancelled event on the company’s web site.
******* This is the same PR firm hired by the president a week or two ago…Very funny… $1 million plus or whatever the amount is down the drain. So the president and the government could not find a qualified Nigerian PR firm or any Nigerian PR executives to arrange this type of meeting?
Even NaijaPals’ administrators headed by Nametalkam will do a better job. This is a Nigerian problem to be solved by Nigerians and not by the Americans.
Posted: at 16-07-2014 10:10 PM (10 years ago) | Gistmaniac
mattyplay at 16-07-2014 10:48 PM (10 years ago) (m)
jona shared over six hundred golden ipad in his duagher marriage, her wife is spending money like no man business an outsider si donating money from outside what happen to millionaire of this country why is it always thinking of borrowing anytime you need small things , i see this as always loookink for oppotunity to loot loot and loot God dey o
Posted: at 16-07-2014 10:48 PM (10 years ago) | Newbie
TRENDING GISTS 
Contoversial Activist, VeryDarkMan Released After Five Days In EFCC Custody
Manchester United v Ath Club: UEFA Europa League Semi-Final Match,Team News,Goal Scorers&Stats
'Some Men Are Praying For Their Wives To Die So They Can Marry Another' -Nigerian Man Blows Hot
18Yr Old Boy Impregnates 10 Girls, Including His Boss' Daughter After He Was Sent To Learn A Trade
Mob Attacks Football Referee, Burns Him To Death In DR Congo Over Theft Accusation