Nigeria Approve Release Of $1 Billion From Foreign Reserves To Fight Book Haram

Nigerian State Governors have approved the release of $1 billion from a foreign reserve account from excess od earning from the sales of crude oil to fight the Boko Haram. The account holds foreign reserves from excess earnings from sales of crude. It currently totals $2.3 billion, according to Nigeria’s accountant general.

The governor echoed that the reason for the approval is because of the gains made by the government and military against the ISIS-affiliated Jihadis. The funds are expected to be used to end the insurgency in the country which will include the final flushing of the militants from the Sambisa forest which is their main enclave.

The money will cover the whole array of needs which includes the purchase of equipment, training for military personnel and logistics.


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