"President Goodluck Jonathan on Wednesday forwarded a letter to the National Assembly, asking the lawmakers to urgently approve a $1bn external loan for the Federal Government to confront the terrorist Islamic sect, Boko Haram."

"The letter dated July 15, 2014, was read on the floor of the Senate and that of the House of Representatives on Wednesday, by the Senate President David Mark and Speaker Aminu Tambuwal respectively.In the letter, Jonathan explained that the external loan was urgently needed to upgrade the equipment, training and logistics of the Armed Forces and security services in order to enable them to confront the insurgents more forcefully."

"The National Assembly had in the N4.6tn 2014 Budget provisions, appropriated N968.127bn for Defence on account of the Boko Haram insurgency."

Source:http://www.punchng.com/news/president-seeks-1bn-loan-to-fight-boko-haram/

What do you think guys?

So this cretinous person helped Dan Etete loot $1.16Bn of Nigeria's money and now wants to go and put debt on the people's head?

We are in a season of daily designs to loot all there is and embezzle all that is left of our national funds and resources, to stay on in power and sustain the ruining and wrecking of our present and the promises of the future.

Goodluck to all of us!

So what happens if after the loan is granted and the insurgence isn't curbed?

As always nobody will give a damn!

More like he needs $1billion to fund PDP candidates in different states and secure his own re-election. This is why the insurgency hasn't ended, many people are making money from this

I can't say it better.

Gej my life

cococandy: So what happens if after the loan is granted and the insurgence isn't curbed?

You will end up with corrupt, moronic person that have looted you, leaving your kids and future generation having a debt round their neck which they continue servicing for another 50 years in their poverty.

This is what you get when cretins vote for person leaders like GEJ!

Sagamite:

You will end up with corrupt, moronic person that have looted you, leaving your kids and future generation have a debt round their neck which they continue servicing for another 50 years in their poverty.

This is what you get when cretins vote for person leaders like GEJ!

No better words sir!

The topic should be,
President Jonathan needs $1b for 2015 election.

Ambassadors of poverty,kleptomanically looting the countrys treasure since 1960

iluvnaija: The topic should be,
President Jonathan needs $1b for 2015 election.

i can't but agree less. But i can see it getting fast approval as sharing formular is behind the bill for the legislator.

oh my beloved country when shall we have focus.

i expected the ethnic bigots to support this move despite the obvious.

Brothers,it is a sad one. The about a trillion that was appropriated for this war on insurgency this year has all gone into their deep pockets.

The killings continue,even soldiers are too ill-equipped to defend themselves talk more of fighting to keep people safe.

Yet this most fortunate Nigerian to have become a president by fate with no money nor real networks is fighting hard to leave it and all of us worse than our story has ever been.

Again,just when you expect the moderators to move this to the front page to stimulate thoughts,educate and debate for purposeful campaigns,they do not give a damn as it is not an anti-APC thread.