Osinbajo explains how $1bn for battling Boko Haram came about

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Vice President Yemi Osinbajo has disclosed that governors of the 36 states approved the spending of $1 billion from the Excess Crude Account, ECA, to be spent in prosecution of the war against Boko Haram terrorists in the North East and the tackling of other security issues in the country.

He explained that the governors resolved to approve money for national security after a national security summit organised by the National Economic Council, NEC.

The Vice President, who chairs NEC, gave this explanation on Tuesday at the opening of the 2017 Retreat of the Secretary to the Government of the Federation/Secretaries to State Governments at the State House Conference Centre in Abuja.

He said, “It was after a national security summit of the National Economic Council that Governors at their forum decided to approve some money for national security.”

Recall that the Chairman of the Nigerian Governors Forum, Abdulaziz Yari had at a NEC meeting last Wednesday announced that the governors had asked the Federal Government to withdraw $1bn from the Excess Crude Account to fight the insurgency.

The decision had attracted criticisms from groups and individuals, including the Ekiti State Governor, Ayodele Fayose; and the opposition Peoples Democratic Party, PDP.

But the All Progressives Congress, APC, yesterday asked PDP to challenge its 11 governors to demand probity on how the $1bn will be spent, rather than condemning withdrawal of the fund.

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