L
LequteMan
Guest
Nigerian state governors have approved the withdrawal of $1bn from the Excess Crude Account by the federal government to fund the war against Boko Haram extremists.
The balance in the ECA stands at $2.3bn.
“We are pleased with the federal government achievements in the insurgency war and in that vein state governors have approved that the sum of $1 billion be taken from the excess crude account by the federal government to fight the insurgency war to its conclusion,” said Godwin Obaseki, Edo state governor.
“The money will cover the whole array of needs which includes purchase of equipments, training for military personnel and logistics,” he said after a meeting of Nigeria’s national economic council.
Although this seems a sensible idea, there are fears the money could be redirected to fund political campaigns as Nigeria's general elections will hold in 2019, a little more than a year away.
The balance in the ECA stands at $2.3bn.
“We are pleased with the federal government achievements in the insurgency war and in that vein state governors have approved that the sum of $1 billion be taken from the excess crude account by the federal government to fight the insurgency war to its conclusion,” said Godwin Obaseki, Edo state governor.
“The money will cover the whole array of needs which includes purchase of equipments, training for military personnel and logistics,” he said after a meeting of Nigeria’s national economic council.
Although this seems a sensible idea, there are fears the money could be redirected to fund political campaigns as Nigeria's general elections will hold in 2019, a little more than a year away.
