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The Federal Executive Council (FEC) yesterday approved borrowing roughly $618 million from a group of financiers to buy six Italian-made M-346 attack jets and ammunition for the country’s air force, Information Minister Mohammed Idris said.
Earlier this month the air force said it was acquiring 24 M-346 combat jets and 10 AW109 Trekker helicopters as part of a fleet renewal strategy.
The first three M-346 jets are expected to be delivered by early 2025, with subsequent deliveries running until mid-2026, the air force has said.
Nigeria has ramped up military spending in recent years as it struggles to contain attacks by armed bandits in the northwest and a 15-year Islamist insurgency against Boko Haram and Islamic State West Africa Province in the northeast.
