FG gets govs’ approval to withdraw $1bn from ECA to fight insurgency

The National Economic Council (NEC), which has all state governors as members, has authorized the Federal Government to withdraw $1 billion from the $2.3 billion currently in the Excess Crude Account (ECA) to fight against Boko Haram in the North East.

The decision was arrived at on Thursday during the council meeting which was presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.

READ ALSO: Citizens know Shettima is ‘Boko Haram boss’, and ‘keeper of Chibok girls’ —ex-Gov Sheriff

The governor of Edo State, Godwin Obaseki, who made this known to State House correspondents soon after the meeting was over, explained that the money is expected to be spent on the procurement of security equipment, intelligence, logistics, among several others.

 

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