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Thursday 25 September 2014

Senate approves $1 billion loan for Jonathan


The Nigerian Senate has approved the $1 billion loan requested by President Jonathan in July, earlier this year.

Jonathan had requested for the loan in addition to the N968.127b budgetary provision for the Defense Ministry.

The N165b loan would be used for the of purchase military equipment and personnel training. This is aimed at curbing insurgency and improving national security.

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