The Economic Coordination Committee (ECC) has approved sovereign guarantee certificate over the sale of three JF-17 jets to Nigeria for a sum of $184.3 million, a local media outlet reported on Tuesday.
Nigeria and Pakistan had recently signed an agreement over the sale of JF-17’s for the Nigerian Air force.
Pakistan had requested the African nation that it would issue a certificate of sovereign guarantee rather than a sovereign bank guarantee.
The guarantee deals with ensuring that the jets and associated equipment would be provided by Pakistan.