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Governors to FG: Fight insurgency with excess crude fund

The state governors have asked the Federal Government to take $1 billion from the Excess Crude Account and spend it on the fight against insurgency in the northeast.

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The governors agreed on this today at a meeting of the National Economic Council presided over by Vice President Yemi Osinbajo.

Edo State Governor Godwin Obaseki who disclosed this to State House reporters after the NEC meeting, put the current balance of the Excess Crude Account at $2.3 billion.

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Obaseki said they expected that the money would be spent on the purchase of security equipment, procurement of intelligence and logistics, among others.

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