The National Economic Council (NEC) on Thursday reconstituted its Ad-hoc Committee to reconcile the Excess Crude Account, Nigerian National Petroleum Corporation’s remittance and related issues.
This was disclosed by Governor Ahmadu Fintri of Adamawa state while briefing State House correspondents at the end of the council meeting chaired by Vice President Yemi Osinbajo at the Presidential Villa in Abuja.
He said members of the committee are the governors of Kaduna, Edo, Jigawa and Ebonyi states, and are expected to meet with relevant federal government officials for the reconciliation.
The governor said the Permanent Secretary of the Federal Ministry of Finance updated the council on the balance of the excess crude account as of June 19, 2019 which stands at $144, 009,907 million.
“Also update on the Stabilisation Fund Account was presented to the Council and as at today the balance at the stabilisation account stood at N17.67 billion. Update on the Natural Resources Development Fund stood as at today June 19, 2019 is N77.73 billion,’’ he said.
Also speaking, Governor Rotimi Akeredolu of Ondo said President Muhammadu Buhari inaugurated NEC, and urged members of the council to promote projects that ensure speedy economic growth and development across the country.
“Mr President in his inaugural speech charged the council, among others, to pay particular attention to the issue of security, agriculture, education and health. Mr President charged the council to bring forward key resolutions that will move the country forward and enhance better security in the nation.
“He told the governors that the federal government will assist the states to access foreign assistances for basic education. Mr President implored the states to find ways to improve economic conditions of the poor, take agriculture and health seriously in order to better the lots of the citizens,’’ he said.
