President Goodluck Jonathan has asked the House of Representatives to grant approval to his government to borrow an external loan of $1 billion (about N165 billion).The President’s letter, seeking the lawmakers’ approval to borrow the money, was read today at the House’s plenary in Abuja.
President Jonathan said the money would be used to upgrade the equipment of the Armed Forces in the course of executing the war with Boko Haram.[myad]
