The Senate has approved $1 billion dollar loan requested by President Goodluck Jonathan to tackle insecurity and terrorism in the country.



The approval, however, did not come easily as some lawmakers argued that President Jonathan breached the constitutionally laid down process of requesting for extra budgetary funds.

But the Chairman Senate Committee on Finance said President Jonathan is in full compliance of the law on this matter.

President Jonathan had written a letter asking the Senate in July to approve a $1 billion (about N165) loan for the fight against Boko Haram.

The President said he needed the cash to upgrade military equipment and for training as well as logistics for the Armed Forces.

This is in addition to N968.127 billion voted for defence in the 2014 budget by the Federal Government.

http://www.channelstv.com/2014/09/25/senate-approves-jonathans-1-billion-loan-to-fight-insurgency

Nice Job by David Mark, God bless Nigeria

Another aimed at advancing Jonathan's 2015 ambition.

Thieves... Plunging Nigeria into more unnecessary depths for their personal ambition and pockets.

Smh.. Insecurity ko. Yeye dey smell

Opposition Legistlooters can only rant

Well done David!

OYA THEM DON APPROVE AM, THOSE WEN DEY CRY SAY PRESIDENT WANT CHOP THE MONEY, AT THIS JUNCTION NA GO AND DIE BE UNA CASE NOW.
BYE BYE TO APC ARMED WING.

The kind cash flow that is gonna rain 4-3 months to election is crazy!!!! I'm already salivating. Naija is the place to be!!

Hope the money is judiciously use. We don't wanna hear another story, like Minimah planing to contest governorship position of his state after looting his share.

Good move by the lawmkaers

The senate has proven absolute irresponsible. They were suppose to serve as a check for executive but they have turned to collaborator in corruptions. What is the 1billion meant for, what happen to the fund budgeted to d defence, how has d previous fund be expended, why is the Nigeria soldier carrying obsolete weapons?

Oklander: Thieves... Plunging Nigeria into more unnecessary depths for their personal ambition and pockets.

I just pity d next generation.
I really pray dey will not be cowards like dis present generation that see thieves and hail dem instead of stonin dem 2 death.
Gej and his cabals are milking dis country dry were billlions of nairas are no long enof. Whereas it is now trillions of naira that is now enof, soon dey will up grade it 2 multi trillion naira or maybe zilllion naira.

OrlandoOwoh: Another aimed at advancing Jonathan's 2015 ambition.

kikikikikikikiki www.nairaland.com/1919663/girls-bushy-hair-armpit-take