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Governors approve $1bn from excess crude account for Boko Haram war
The 36 state governors of the federation have approved the release of $1 billion from the Excess Crude Account (ECA) to boost the Federal Government’s fight against Boko Haram.
Godwin Obaseki, Governor of Edo State State, disclosed this on Thursday to State House correspondents after the meeting of the National Economic Council (NEC)) at the council chamber of the Presidential Villa Abuja.
The meeting, attended by all the state governors, was chaired by Vice President Yemi Osinbajo.
“We are pleased with the Federal Government achievements in the insurgency war; and in that vein, state governors have approved that the sum of $1 billion be taken from the Excess Crude Account by the Federal Government to fight the insurgency war to its conclusion,” Obaseki said.
Hassan Dankwambo, Governor of Gombe State, who spoke earlier, said the Excess Crude Account had a balance of $2.317 billion as of December 13, 2017.