Jonathan Will Have To Wait For $1 Billion Loan TillSeptember

Goodluck Jonathan's inquiry for an external loan of $1bn

is delayed.

As the National Assembly, Senate and a 360-member

House of Representatives, has embarked on their annual

long recess today till the end of September, 2014,

the President Jonathan's request for $1bn (approximately

equal N165bn) for the Federal Government to confront the

terrorist sect, Boko Haram , will have to wait to be

considered and approved. It would normally take several

days for such a loan to be passed.

It would be recalled that the president's inquiry became

known during the House's plenary in Abuja on Wednesday,

July 16. In his letter entitled, "Tackling Ongoing Security

Challenges: Need for Urgent Action" Jonathan

explained hat the external loan was urgently needed

to upgrade the equipment, training and logistics of the

armed forces and security services to help them confront the

"serious threat" posed by Boko Haram.

Sent from my BlackBerry wireless device from MTN