Nigeria buys presidential jets, borrows to fund elections

Purchase of jets earmarked in 2010 budget

* High government spending means increased borrowing

* Government bond issue planned to fund election

Nigeria’s cabinet approved the purchase of three new presidential jets on Wednesday, a day after Africa’s most populous nation said it would have to raise debt to fund elections in less than six months.

President Goodluck Jonathan has not yet said whether he will contest the polls, but most Nigerians expect him to do so, particularly given recent announcements from his administration — ranging from pledges to boost power supply to building more roads — that suggest he has plans beyond next January. Read More: http://africannewslive.com/?p=14514

Posted: at 12-08-2010 06:47 PM (13 years ago) | Upcoming

We dont have money to found the elections.......suddenly we have money to buy three presidential planes.............IRONIC........who is deceiving who?

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Posted: at 13-08-2010 12:55 PM (13 years ago) | Hero