The Nigerian Army will spend N5bn on the procurement of new weapons in the 2017 fiscal year, SUNDAY PUNCH has learnt.
Apart from the N5bn, as revealed in the 2017 budget proposal before the National Assembly, the Army also plans to spend N846m on the repair of existing military equipment in the country as the fight against insurgency is expected to gain momentum in the coming year.
Our correspondent, who obtained a copy of the budget proposal of the Ministry of Defence, the Nigerian Army, the Nigerian Navy and the Nigerian Air Force, at the National Assembly, observed that the total budget for the Army stands at N152bn.
While the Army will have N152bn, the Nigerian Navy will be allocated N91bn, and the NAF will have N100bn.
Our correspondent learnt that the capital expenditure for the Army stands at N20bn, while the rehabilitation and repair of weapons will cost N846,033,430.
This is coming despite the takeover of Sambisa Forest in Borno State, an enclave believed to be the stronghold of Boko Haram insurgents, where troops in a December-long operation, tagged Operation Lafiya Dole, bombarded the forest.
The Director of Information, Defence Headquarters, Abuja, Brig. Gen. Rabe Abubakar, in an interview with our correspondent, said the military was not surprised that the terrorists were fleeing, adding that Nigerians should report suspicious persons and movements in their communities.
Source: PunchÂ
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
Watch, leave your comments, and share to create more awareness on this issue.
#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com