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FG to withdraw $1bn from ECA to fight Boko Haram – Obaseki

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The Nigerian Federal government is to withdraw $1bn from the Excess Crude Account to fight Boko Haram insurgency in the North-East Region of Nigeria.

This was disclosed on Thursday by the Edo State governor, Mr. Godwin Obaseki in the State House, Abuja.

Obaseki disclosed that the decision was taken at the 83rd meeting of the National Economic Council which was chaired by the Vice President, Prof. Yemi Osinbajo inside the council chamber of the Presidential Villa, Abuja.

He explained that the 36 states governors gave the positive nod for the fund to be withdrawn from the Excess Crude Account by the Federal government for the sole purpose of fighting insurgency.

He explained that “the approval was announced during the NEC meeting by the chairman of Nigeria Governors Forum (NGF) and Governor of Zamfara State, Abdulaziz Yari.”

Earlier, the Governor of Gombe State, Ibrahim Hassan Dankwambo, put the balance of the Excess Crude Account at $2.317 billion as at December 13, 2017.

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