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FG to withdraw $1billion from Excess Crude Account for Boko Haram fight

The 36 state governors in Nigeria have approved the withdrawal of $1 billion from the Excess Crude Account by the federal government to be used in the ongoing fight against Boko Haram in the North-east.

Edo State Governor, Godwin Obaseki, revealed this while briefing State House correspondents after the meeting of the National Economic Council which held inside the council chamber of the Presidential Villa Abuja.

The meeting was chaired by Vice President Yemi Osinbajo.

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

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