President Goodluck Jonathan asks for $1,000,000,000 for Army equipment modernization.
Jonathan has asked the House of Representatives to grant approval to his government to borrow an external loan of $1bn, approximately equal N165bn.
The president’s inquiry became known during the House’s plenary in Abuja on Wednesday, July 16.
The money is said to be used to upgrade the equipment of the Armed Forces. More details to follow.