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Nairaland Forum / Nairaland / General / Politics / Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency (799 Views)
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Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by atlwireles: 3:54pm On Sep 25, 2014 |
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 |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by atlwireles: 3:55pm On Sep 25, 2014 |
Nice Job by David Mark, God bless Nigeria |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by OrlandoOwoh(m): 3:58pm On Sep 25, 2014 |
Another aimed at advancing Jonathan's 2015 ambition. |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by Oklander: 4:00pm On Sep 25, 2014 |
Thieves... Plunging Nigeria into more unnecessary depths for their personal ambition and pockets. |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by Mamaflex(f): 4:04pm On Sep 25, 2014 |
Smh.. Insecurity ko. Yeye dey smell |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by Firefire(m): 4:09pm On Sep 25, 2014 |
Opposition Legistlooters can only rant ![]() Well done David! |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by erunz(m): 4:15pm On Sep 25, 2014 |
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. 1 Like |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by Chubhie: 4:16pm On Sep 25, 2014 |
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!! |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by Eldavido1: 4:18pm On Sep 25, 2014 |
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. |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by cuteboy2: 4:23pm On Sep 25, 2014 |
atlwireles: The Senate has approved $1 billion dollar loan requested by President Goodluck Jonathan to tackle insecurity and terrorism in the country. See bolded text. The funds is not just to fight insurgency, but to upgrade military equipment (army, airforce, navy), training and logistics. If you fly into lagos local terminal, and taxi past the Airforce hanger you will see so many abandoned and canibalised C-130 transport planes. Military equipment have been rotting since IBB & Abacha military era. In fact that era killed the Nigerian army and airforce. |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by shizzle11(m): 4:28pm On Sep 25, 2014 |
Good move by the lawmkaers |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by focus7: 4:29pm On Sep 25, 2014 |
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? |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by Goandie: 4:38pm On Sep 25, 2014 |
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. 1 Like |
Re: Senate Approves Jonathan’s $1 Billion Loan To Fight Insurgency by chinazaekperem2: 4:45pm On Sep 25, 2014 |
OrlandoOwoh: Another aimed at advancing Jonathan's 2015 ambition.kikikikikikikiki ![]() ![]() ![]() ![]()
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