{"id":1206,"date":"2024-10-24T14:28:57","date_gmt":"2024-10-24T13:28:57","guid":{"rendered":"https:\/\/fortistv.com\/ltv\/?p=1206"},"modified":"2024-10-24T14:30:52","modified_gmt":"2024-10-24T13:30:52","slug":"nigeria-approves-618-million-loan-to-acquire-italian-attack-jets-for-air-force-fleet-renewal","status":"publish","type":"post","link":"https:\/\/fortistv.com\/ltv\/2024\/10\/24\/nigeria-approves-618-million-loan-to-acquire-italian-attack-jets-for-air-force-fleet-renewal\/","title":{"rendered":"Nigeria Approves $618 Million Loan to Acquire Italian Attack Jets for Air Force Fleet Renewal"},"content":{"rendered":"Nigeria\u2019s cabinet has approved borrowing approximately $618 million from a consortium of financiers to purchase six M-346 attack jets and ammunition for the air force, Information Minister Mohammed Idris announced on Wednesday. This acquisition is part of a broader strategy to renew Nigeria&#8217;s military fleet, with the air force already having plans to acquire 24 M-346 combat jets and 10 AW109 Trekker helicopters.<br \/><br \/>The first three jets are expected to be delivered by early 2025, with all deliveries completed by mid-2026. This move comes amid Nigeria&#8217;s escalating military spending, which aims to counter increasing attacks by armed bandits in the northwest and a 15-year Islamist insurgency led by Boko Haram and Islamic State West Africa Province in the northeast.<br \/><br \/>Nigeria\u2019s growing military budget shows the government&#8217;s focus on strengthening its defenses, with the approval for this new borrowing following earlier commitments to boost air capabilities.","protected":false},"excerpt":{"rendered":"<p>Nigeria\u2019s cabinet has approved borrowing approximately $618 million from a consortium of financiers to purchase six M-346 attack jets and ammunition for the air force, Information Minister Mohammed Idris announced on Wednesday. This acquisition is part of a broader strategy to renew Nigeria&#8217;s military fleet, with the air force already having plans to acquire 24&#8230;<\/p>\n","protected":false},"author":2,"featured_media":1228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[1,38,35],"tags":[354,352,353,302],"class_list":["post-1206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","category-world","tag-air-force","tag-italian-jets","tag-loan","tag-nigeria"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Nigeria\u2019s cabinet has approved borrowing approximately $618 million from a consortium of financiers to purchase six M-346 attack jets and ammunition for the air force, Information Minister Mohammed Idris announced on Wednesday. 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