Jonathan seeks to borrow $1 billion to fight Boko Haram
Category: Boko Haram News
The president sought the approval of NASS for external borrowing.
In a letter sent on Tuesday and addressed to the Senate
President, David Mark, Mr. Jonathan spoke about the need for external
borrowing to enable the upgrade of security equipment in order to fight
the insurgency that is currently bedevilling Nigeria, particularly
the North East.
Mr. Jonathan said the $1 billion will also be used to train the military and other security officers.
Source: Premium Times
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Nigeria’s President Goodluck Jonathan has sought the National
Assembly, NASS, approval to borrow $1 billion (N168 billion) to fight
Boko Haram.
In a letter sent on Tuesday and addressed to the Senate
President, David Mark, Mr. Jonathan spoke about the need for external
borrowing to enable the upgrade of security equipment in order to fight
the insurgency that is currently bedevilling Nigeria, particularly
the North East.Mr. Jonathan said the $1 billion will also be used to train the military and other security officers.
“You are no doubt cognizant of the on-going 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 o the National Assembly for
external borrowing of not more than $1 billion dollars including
government to government arrangements for this upgrade,” Mr. Jonathan
said in the letter.
He said he was counting on the steadfast support of the legislators on the borrowing of the money.
The external borrowing comes amid criticisms and questions of
the management of Nigeria’s defence budget, which gulps as much as 20
per cent of the entire budget.
The Nigerian government justifies the about N1 trillion spent on security on the growing insecurity situation in the country.
However, the military and security officials are still considered ill-equipped to tackle Boko Haram insurgency.
Source: Premium Times
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