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GEJ GETS $1BILLION LOAN APPROVAL FROM SENATE

Goodluck Jonathan

With the on going war on terrorism, the Senate has approved a $1billion (N165bn) loan requested by President Jonathan. The request for the approved loan was made in July to help in the fight against terrorism and tackle insecurity in the country. The loan would be used for the purchase of military equipment and the training of military personnel.

The loan approved will be in addition to the N968.127bn voted for Defence in the 2014 budget by the federal government.