The President today sought the approval of the Nigerian legislature to enable him borrow $1 Billion to battle the on going insurgency in the country. The request was presented to the house via a letter dated 15th July, 2014.
The letter which reads in part says, "You are no doubt cognisant of the on-going and serious security challenges which the nation is facing as typified by the Boko-Haram terrorist threat," "For this reason, I seek the concurrence of the National Assembly for external borrowing of not more than $1 billion."
The presidential letter stated that the funding would be used to advance training, equipments, and other urgent needs for the security forces.
It is necessary to note that the country's 2014 budget already allots close to $6 billion for security and also the financial aid Nigeria received from countries like China and others.
The presidential letter stated that the funding would be used to advance training, equipments, and other urgent needs for the security forces.
It is necessary to note that the country's 2014 budget already allots close to $6 billion for security and also the financial aid Nigeria received from countries like China and others.
NB says it is expedient for one to ask why do we still seek for more fund when other people are POCKETING THE MONEY? At whose expense do we borrow?
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