NEC approves the removal of $1bn from the excess crude account to fight Boko Haram

The National Economic Council on Thursday approved the withdrawal of $1 billion from the Excess Crude Account by the federal government to be used in the prosecution of the war against the terrorist group, Boko Haram, in the Northern part of the country.




Governor of Edo State, Godwin Obaseki announced this to state house correspondents after the National Economic Council meeting that held in the state house, Abuja. The meeting was chaired by Vice President Yemi Osinbajo.

The Governor of Gombe State, who spoke earlier, said the Excess Crude Account had a balance of $2.317 billion as at December 13th 2017.