Concerned Nigerians have reacted to a revelation from the Nigerian Defence Headquarters on Monday, that at least $2 billion dollars (about N826 billion), would be needed yearly, to tackle the worsening insecurity in the country.
The director of Production, Defence Headquarters, Air Vice Marshall M. A. Yakubu, who revealed this during public hearing on the Armed Forces Support Trust Fund Bill said even the sources of funding which the Bill prescribes were insufficient to address the problem.
“If we are not able to raise a minimum of $2 billion dollars (about N826 billion) per annum in the next three years for a start, subsequently maybe we can begin to taper down the percentages. But for a start, we need a bulk sum because of many of these manufacturers of equipment require 100 percent down payment to even start production. So you cannot sign a contract example with the US manufacturers and pay 15 percent mobilization as required by the procurement act.
READ ALSO: Nigeria needs N826billion annually to combat insecurity — Military
“Nobody would look at you. Their terms must be followed. Many times we are asked to pay 100 per cent. The example is the super tucano. This one is on government to government. They insisted 100 payment within 30 days. No budgetary allocation would fund that,” he said.
Reacting to this, some Nigerians kicked against it, sarcastically asking the government to ‘sell Nigeria’ and give the proceeds to military to combat insecurity or share the money (N826 billion) to Nigerians and watch insecurity be put to a stop by citizens.
@Yamadlink while commenting on a post on Twitter by Vanguard said “Give all Nigerians 5million naira each and see if insecurity will not resolve itself!”
@dots_a “Let’s just sell the country and give proceeds to the military to fight insecurity. This whole thing is business we are just crying insecurity for nothing. That’s about N1trillion annually”
emydon4me1 “After spending all that money will catch them and let them go to continue from where they stopped.”
@Onyiax9 “Baffles me how we spend so much and yet the bandits are the ones getting improved weapons … just me thinking aloud Zipper-mouth faceZipper-mouth faceZipper-mouth face”
@AmooAdebowale2 “Why not sell Nigeria to combat insecurity”
@Elton0211 “826Billion. Are we fighting the devil himself?”
@Kondix “Nigeria needs good laws, a caring and competent government and fairness to combat insecurity. Let’s not get carried away.”
@obichukwu1st “Nigeria needs N826billion annually to combat insecurity — Military: Nigeria will have to account for the billions given to them to combat insecurity. This people has no shame!!! no shame. The one given to u were handed to boko haram.”
@DrlukmanATIJANI “Even when we budget more than that, it would still be the same or worse! The corruption in the Military is close to addiction now! ‘It is waiting for your turn to chop but not to deliver, a slogan that is reigning among the security personnel.”
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