NEC:Excess crude account stands at $3.5 billion

National Economic Council (NEC),
Thursday disclosed that Excess Crude
Account (ECA), stood at $3.5bn after
payments for fuel subsidy and SURE-P.
Akwa Ibom State Governor, Godswill
Akpabio disclosed this when he briefed
State House correspondents after the
National Economic Council meeting.
According to him, the Coordinating
Minister for the Economy and Minister of
Finance, Dr. Ngozi Okonjo-Iweala had
briefed the council on ECA.
The governor noted that the council
resolved that details of spending on
excess crude be given to states on time,
just as it urged that expeditious action be
taken to sort out all the legalities
surrounding the ECA.
On conflicts between farmers and
herdsmen, he said council received a
presentation by the National Security
Adviser on Incessant conflicts between
farmers and pastorialists, highlighting on
the challenges and solutions in Nigeria.
“According to the NSA’s Presentation,
Seventeen (17) States have been
identified as flash points, among which
are:- Plateau, Benue, Adamawa, Niger,
Bauchi, Nasarawa, Kwara Kaduna, Oyo.

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