Jonathan seeks to borrow $1 billion to fight Boko Haram.

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 (9 years ago) | Upcoming

      

Posted: at 16-07-2014 07:37 PM (9 years ago) | Addicted Hero

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 (9 years ago) | Addicted Hero

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 (9 years ago) | Gistmaniac

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 (9 years ago) | Upcoming

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 (9 years ago) | Gistmaniac

hmmm oportunity to loot money

Posted: at 16-07-2014 09:28 PM (9 years ago) | Addicted Hero

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.

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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 (9 years ago) | Gistmaniac

alright

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Posted: at 16-07-2014 10:40 PM (9 years ago) | Addicted Hero

Slave driver!  So this is the outcome of support from the U.S.
Jesus Wept  

Posted: at 16-07-2014 11:02 PM (9 years ago) | Upcoming