Nigerian Govt Approves $618 Million Loan for Air Force Jet Purchase

Loan Jet Purchase

The Federal Executive Council (FEC) has approved a $618 million loan from a consortium of international financiers for the acquisition of six M-346 attack jets, manufactured in Italy, alongside necessary ammunition for the Nigerian Air Force. Minister of Information and National Orientation, Mohammed Idris, disclosed this decision on Wednesday, October 23, highlighting that the purchase … Read more