The federal government has approved a $618 million loan to purchase six Italian-made M-346 attack jets and ammunition for the Nigerian Air Force.
The development was announced by the Minister of Information and National Orientation, Mohammed Idris, on Wednesday.
Recall that the Nigerian Air Force had recently announced its fleet renewal strategy, which includes the acquisition of 24 M-346 attack jets and 10 AW-109 Trekker helicopters. The Air Force expects the first three jets to arrive by early 2025, with the remaining deliveries continuing through mid-2026.
A high-level delegation, led by Chief of the Air Staff Air Marshal Hasan Abubakar, had earlier met with executives from Leonardo S.p.A., the manufacturer, in Rome to finalize the deal.
The company confirmed the delivery timeline, with the first three jets arriving by early 2025 and the rest by mid-2026.
The government is battling various security issues including Boko Haram insurgency in the Northeast and banditry in the Northwest.
The country’s defense spending has increased significantly in recent years to address these security challenges. For the 2024 fiscal year, the government allocated N3.3 trillion to the defense sector.
EXPOSED!! POPULAR ABUJA DOCTOR REVEALED HOW MEN CAN NATURALLY AND PERMANENTLY CURE POOR ERECTION, QUICK EJACULATION, SMALL AND SHAMEFUL MANHOOD WITHOUT SIDE EFFECTS. EVEN IF YOU ARE HYPERTENSIVE OR DIABETIC ..STOP THE USE OF HARD DRUG FOR SEX!! IT KILLS!
Important awareness lacking in persons above 40, 50, 60 years leading to sudden heart attack, stroke, slumping suddenly. Weak Erection is a symptom. Overcome root causes, dark side, for a permanent solution. Visible solutions to diabetes, prostate, infertility. Click for details!!