Jonathan Seeks $1bn Loan To Fight Boko Haram

It is believed that a quest to conquer terror and insurgency in the country, president Jonathanhas made a swift move to reinforce and upgrade the armed forces.

President Goodluck Jonathanhas asked the House of Representativesto grant approval to his government to borrow an external loan of $1bn (about N165bn).

The President’s letter, seeking the lawmakers’ approval to borrow the money, was read during the House’s plenary in Abuja on Wednesday.

Jonathan said the money would be used to upgrade the equipment of the Armed Forces.

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