Insecurity: Nigeria to borrow $1.76 billion for security spending – Finance Minister

Mrs Zainab Ahmed, Nigeria’s Finance Minister, disclosed that Nigeria plans to borrow the sum of $1.76 billion from the domestic markets to fund the fight against insecurity.

This was disclosed in a report by Reuters on Wednesday evening, after the FEC meeting on Wednesday.

The council also approved an aggregate sum of N770.60 billion to further enhance the capacity of the defence and security agencies to address current and emerging security challenges in our country,” she said.

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