On Wednesday, de Federal Executive Council (FEC) approve loan of about $618 million from group of financiers to buy six fighter aircraft and ammunition for Nigerian Air Force.
Dis information come from Minister of Information and National Orientation, Mohammed Idris, after FEC meeting wey President Bola Tinubu preside over. Idris, who stand in for Minister of Finance and Coordinating Minister of Economy, Wale Edun, who dey away on official duty for US, explain say de loan go help procure six units of M346 fighter aircraft and ammunition.
De loan include 443,330,781.49 euros and another 141 million US dollars. Earlier dis month, Nigerian Air Force say dem dey acquire 24 M-346 combat jets and 10 AW109 Trekker helicopters as part of fleet renewal strategy. De first three M-346 jets expected to arrive by early 2025, with subsequent deliveries running till mid-2026.
Dis approval show de commitment of de government to strengthen de military capabilities of Nigeria, especially in de area of air power.
