. S’Court will resolve dispute –Govs
President Goodluck Jonathan has succumbed to pressure from state governors to share accruals into the Excess Crude Account, ECA, with the approval of the disbursement of $1bn to the 36 states and the Federal Capital Territory, FCT.
The approval was given to enable states to execute people-oriented projects and follows the deduction of another $1bn for fuel subsidy payment. Briefing State House correspondents yesterday at the end of the 45th meeting of the National Economic Council, NEC, in Abuja, Rivers State Governor, Mr. Rotimi Amaechi, said the Minister of State for Finance, Dr. Yerima Ngama, reported to the council that the ECA had a balance of $9.24bn after the $1bn subsidy payments.
“The minister also told the council that the President had approved the distribution of $1bn among the 36 states and FCT to enable them to execute more people-oriented projects in line with the government’s Transformation Agenda and the need to deliver more democracy dividends,” Amaechi said.
http://nigeriannews.com/
President Goodluck Jonathan has succumbed to pressure from state governors to share accruals into the Excess Crude Account, ECA, with the approval of the disbursement of $1bn to the 36 states and the Federal Capital Territory, FCT.
The approval was given to enable states to execute people-oriented projects and follows the deduction of another $1bn for fuel subsidy payment. Briefing State House correspondents yesterday at the end of the 45th meeting of the National Economic Council, NEC, in Abuja, Rivers State Governor, Mr. Rotimi Amaechi, said the Minister of State for Finance, Dr. Yerima Ngama, reported to the council that the ECA had a balance of $9.24bn after the $1bn subsidy payments.
“The minister also told the council that the President had approved the distribution of $1bn among the 36 states and FCT to enable them to execute more people-oriented projects in line with the government’s Transformation Agenda and the need to deliver more democracy dividends,” Amaechi said.
http://nigeriannews.com/































