The National Economic Council, on Thursday, asked the Federal Government to withdraw $1bn from the $2.3bn currently in the Excess Crude Account and use it to fight insurgency in the North-East.
The decision was taken at a meeting of the council presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja.
The council chaired by the Vice-President has all state governors as members.
Some civil society groups and analysts, however, faulted the move by the Federal Government on the basis that past allocations to defence and the anti-terrorism operations had yet to be judiciously accounted for.
Edo State Governor, Godwin Obaseki, disclosed the decision of NEC to State House correspondents at the end of the meeting.
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