FEC Approves $618 Million Loan For Purchase Of Fighter Jets

FEC Approves $618 Million Loan For Purchase Of Fighter Jets …C0NTINUE READING HERE >>>

The Federal Executive Council (FEC) has approved a loan of approximately $618 million from a consortium of financiers to procure six M-346 attack jets manufactured in Italy and ammunition for the Nigerian Air Force.

Henzodaily reports that the Minister of Information and National Orientation, Mohammed Idris, announced this on Wednesday, October 23.

The Air Force has indicated that the initial three jets are anticipated to arrive by early 2025, with subsequent deliveries expected to continue until mid-2026.

In a recent development, Nigeria’s Air Force revealed the acquisition of 24…

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