₦airaland Forum

The federal government and the 36 states have agreed to share $1.7billion of the $2billion balance in the Excess Crude Account.
After the amount, which is about N391billion, is shared, there will be just about $.3billion remaining in the account which was created to help the two tiers of government save for raining days.

The Edo state governor, Adams Oshiomole, had told journalists after the National Economic Council (NEC) meeting, last week Tuesday, that following a spate of curious withdrawals from the account by the last administration, only $2billion was left in the account.

President Muhammadu Buhari had recently raised a committee to explore the possibility of sharing revenue from the account after state governments, some of which are owing months of salaries to their workers, approached him for bailout.

More to come…

http://www.premiumtimesng.com/news/186167-naira-rain-federal-govt-states-to-share-n391billion-from-excess-crude-account.html

.

as in share or dash?

I heard money... Did I hear it right?

I thought they said that they met an empty treasury? The same ECA that the dulling governors said theres no money?

All they no is sharing but no development.

Makes sense.. ECA was set up to save for rainy days.. It's obvious we are currently in the "rainy days" no thanks to GEJ's squandering of our common wealth.

I would have advice PMB to only share $1billion from the money and keep the remaining $1billion for the uncertain days ahead. My opinion sha.

Agwoden:
I thought they said that they met an empty treasury? The same ECA that the dulling governors said theres no money?

Buhari is a shamless lying pretender

Ok