JUST IN: Govs okay $1bn from Excess Crude Account for anti-terrorism war

Governors from Nigeria’s 36 states have approved the withdrawal
of $1 billion from the Excess Crude Account by the federal
government to be used in the ongoing fight against Boko Haram
insurgents in the North-east.

This was revealed by the Governor of Edo State, Godwin Obaseki
while briefing State House correspondents after the meeting of the
National Economic Council which held inside the council chamber of
the Presidential Villa Abuja.

The meeting was chaired by Vice President Yemi Osinbajo.

Mr. Obaseki said the approval was announced during the 83rd NEC
meeting by the chairman of Nigeria Governors Forum, NGF, and
Governor of Zamfara State, Abdulaziz Yari.

The Governor of Gombe State, who spoke earlier, said the Excess
Crude Account had a balance of $2.317 billion as at December 13,
2017.

Details later…

Governors from Nigeria’s 36 states have approved the withdrawal
of $1 billion from the Excess Crude Account by the federal
government to be used in the ongoing fight against Boko Haram
insurgents in the North-east.

This was revealed by the Governor of Edo State, Godwin Obaseki
while briefing State House correspondents after the meeting of the
National Economic Council which held inside the council chamber of
the Presidential Villa Abuja.

The meeting was chaired by Vice President Yemi Osinbajo.

Mr. Obaseki said the approval was announced during the 83rd NEC
meeting by the chairman of Nigeria Governors Forum, NGF, and
Governor of Zamfara State, Abdulaziz Yari.

The Governor of Gombe State, who spoke earlier, said the Excess
Crude Account had a balance of $2.317 billion as at December 13,
2017.

Details later…