Politics

The National Economic Council, NEC, 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 and chaired by Vice President Yemi Osinbajo.

“The governors of Nigeria through their chairman announced at the NEC meeting that the governors had given permission to the Federal Government to spend the sum of US$1 billion in the fight of insurgency. “This money is supposed to be taken from the Excess Crude Account,” he said.

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

“We expect that the amount will include but not be limited to purchase of equipment, procuring intelligence, logistics and all what is required to ensure that we finally put to an end the scourge of insurgency.”

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December 15th, 2017

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