By  InvestAdvocate
Lagos (INVESTADVOCATE)-President Goodluck Jonathan on Wednesday sought the permission of the National Assembly to borrow $1 billion (N165 billion) to fight Islamist-insurgents Boko Haram.

The $1 billion according to him is to help equip the Nigerian armed forces in the fight against the Boko Haram according to a letter dated July 15 and read out Wednesday July 16 by David Mark, Nigeria’s senate president.

“I would like to bring to your attention the urgent need to upgrade the equipment, training and logistics of our armed forces and security services to enable them to more forcefully confront this serious threat,” Jonathan said in a letter dated July 15 and read out today in the capital, Abuja, by Senate President David Mark. The $1 billion may be sourced from other governments, ‘’ he said.