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Senate approves GEJ’s $1billion loan to fight Boko Haram

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The Senate has approved the $1billion (N165bn)
loan requested by President Jonathan 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.

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