President Goodluck Jonathan on Wednesday forwarded a letter to the National Assembly, asking the lawmakers to urgently approve a $1bn external loan for the Federal Government to confront the terrorist Islamic sect, Boko Haram.
The letter dated July 15, 2014, was read on the floor of the Senate and that of the House of Representatives on Wednesday, by the Senate President David Mark and Speaker Aminu Tambuwal respectively.
In the letter, Jonathan explained that the external loan was urgently needed to upgrade the equipment, training and logistics of the Armed Forces and security services in order to enable them to confront the insurgents more forcefully.