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President Jonathan gets his $1 billion to fight BokoHaram

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The Senate has approved the $1 billion loan requested by President Goodluck Jonathan to tackle insecurity and terrorism in the country.
Some lawmakers had argued that President Jonathan breached the process set down by the Constitution for requesting extra budgetary funds, but the Chairman, Senate Committee on Finance, Senator Ahmed Makarfi, said President Jonathan is in full compliance of the law on this matter.
President Jonathan had written a letter asking the Senate in July to approve a $1 billion (about N165 billion) loan for the fight against Boko Haram.
The President said he needed the cash to upgrade military equipment and for training as well as logistics for the Armed Forces.

This extra money is in addition to N968.127 billion voted for defence in the 2014 budget by the Federal Government.