Osinbajo with Nigerian governors
Nigerian state governors 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 journalists after the meeting of the National Economic Council (NEC), which was chaired by Vice President Yemi Osinbajo in Abuja.
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.
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Meanwhile, it was hinted that the Excess Crude Account had a balance of $2.317 billion as at December 13, 2017.