National News
FEC approves $618 million loan to purchase 6 Italian M-346 jets
The Federal Executive Council (FEC) has approved a loan of approximately $618 million from a consortium of financiers to strengthen the Nigerian Air Force with six Italian-made M-346 attack jets and accompanying ammunition.
The approval, announced on Wednesday by the Minister of Information and National Orientation, Mohammed Idris, is part of the government’s ongoing efforts to enhance national security and military capabilities.
The Nigerian Air Force revealed that the first batch of three M-346 jets is expected to arrive by early 2025, with the final deliveries continuing until mid-2026. This move is part of a broader strategy to rejuvenate the Air Force’s fleet. Last week, the military announced the acquisition of 24 M-346 attack jets and ten AW-109 Trekker helicopters from Italian defense manufacturer, Leonardo S.P.A.
Air Force spokesperson, Olusola Akinboyewa, confirmed that a delegation led by the Chief of the Air Staff, Air Marshal Hasan Abubakar, recently held meetings in Rome with Leonardo’s executives to finalize the deal.
2 years in office: Cabinet reshuffle now or never, PLAN Nigeria tells Tinubu
I would have been a journalist if I wasn’t a musician – Davido
Reps warn CBN against unintended consequences of high interest rates
Many feared dead over alledged circulation of fake rice
Controversy erupts as APC chieftain slams Tinubu over lopsided census committee
Portable undergoes deliverance
Abdullahi Sule fingered in ethnic cleansing
Yusuf approves N200m vehicle loan for schools
Drama as man gets stuck with married woman during intimate act
Restore democracy in Rivers, remove NDDC from TSA, IYC begs Tinubu
-
National News2 days agoLamido urges Tinubu to pay MKO Abiola’s ₦45 billion debt
-
Education1 day agoHenry Ikoh’s daughter, Adaku, honoured as best graduating medical student in US
-
Politics2 days agoSuswan dismisses Saraki’s cmm’tee, 2027 aspiration
-
Metro News2 days agoPanic as ‘Keke’ kills masquerade during festival in Anambra
-
Politics2 days agoAtiku ally fires Wike over comment on PDP zoning
-
Crime and Law1 day agoAttack on Mattawalle: A case of administrative failure and misplaced priorities, Lawal Umar Maradun, Ph.D
-
National News1 day agoDICON cements partnership with D7G to revamp local production of military products
-
Business24 hours agoFidelity Bank reclaims trillion-naira market cap as stock rises to ₦21