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Governors Approve Withdrawal Of $1 Billion From ECA To Fight Boko Haram



Information reaching
the PoliticsNGR newsdesk on Thursday afternoon reveals that the 36 state governors in Nigeria have agreed to the withdrawal of $1 billion from the country's Excess Crude Account(ECA) to be used in funding the fight against Boko Haram.

This development was made public by the Governor of Edo state, Godwin Obaseki while addressing state house correspondents in Abuja after a meeting of the National Economic Council in the Presidential Villa.

The meeting was headed by Vice President Yemi Osinbajo since President Buhari is currently out of the country for a meeting in France.

Mr. Obaseki disclosed that 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 Nigerian Excess Crude Account had a balance of $2.317 billion as at December 13, 2017.