President Jonathan is seeking $1billion loan to fight Boko Haram. In a letter sent to the House of Representatives this morning, President Jonathan asked the Rep members to approve a request for an external loan of $1billion (about N165billion) which would be used to upgrade the equipment of the Armed Forces in the fight of the insurgent group, Boko Haram. The letter was read this morning during the house plenary session.

What about the previous trillion naira security budget? The National Assembly should ensure that the funds are accounted for before any loan is approved if necessary. Not. A situation where the money will develop wings as usual.

Are u sure it's meant to fight insurgency(boko haram) and not APC, because all that we've read lately are impeachments induced by bribing of state legislators. Am sure such loans will definately nt be used for the said purpose.