The Senate has approved President Goodluck Jonathan‘s request for a $1 billion external loan to fight insurgency in Nigeria.Punch reports that the loan would not be given in cash, but through “the supply of military hardware to be paid for, over a seven-year period.”“The request is for a ceiling of $1bn and not that, at the moment, the whole amount would be utilised. Government will procure on the terms stated, based on needs assessment of...
