Breaking: Govs okay $1bn from Excess Crude Account for anti-terrorism war

Thu, Dec 14, 2017 | By publisher


Politics

 

THE National Economic Council on Thursday asked the Federal Government to withdraw  $1bn from the  $2.3bn currently in the Excess Crude Account and use it to fight insurgency in the North East.

The decision was taken at a meeting of the council presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja.

The council chaired by the Vice-President has all state governors as members.

Edo State Governor, Godwin Obaseki,  disclosed the decision to State House correspondents at the end of the meeting. Obaseki said council members expected that the money would be spent on the purchase of security equipment, procurement of intelligence and logistics, among others.  –   Punch

 

– Dec 14, 2017 @ 16:30 GMT

 

Tags:


NEC ratifies Board of NSIA

THE National Economic Council (NEC), on Thursday ratified the Board of Directors of the Nigeria Sovereign Wealth Investment Authority (NSIA)....

Read More
Why Najomo deserves confirmation as NCAA boss – Achimugu 

MICHAEL Achimugu, Director of Public Affairs and Consumer Protection, Nigeria Civil Aviation Authority (NCAA) has appealed to the Federal Government...

Read More
I had no altercation with Akpabio – Bamidele

THE Directorate of Media and Public Affairs, Office of the Senate Leader says there was no altercation between the President...

Read More