Osinbajo Says Governors Approved $1bn Insurgency Fund After Security Summit

The Vice President, Professor Yemi Osinbajo, says state governors decided to approve $1billion from the Excess Crude Account for the war against insurgency after attending a national security summit organised by the National Economic Council.

Professor Osinbajo disclosed this on Tuesday at the start of the Secretary to the Government of the Federation/Secretaries to State Governments’ retreat at the Presidential Villa.

“It was after a national security summit of the National Economic Council (NEC) that Governors at their forum decided to approve some money for national security,” Osinbajo explained.
The decision to withdraw $1billion from the ECA, approved by NEC on Thursday, has generated debate with many questioning the rationale behind spending such an amount after the Federal Government said it had technically defeated Boko Haram.