By Harry Awurumibe, State House, Abuja
Ebonyi State Governor Dave Nweze Umahi has said that there is no shortfalls in the nation’s Excess Crude Account, ECA.
He said this today (Thursday) in Abuja while briefing State House Correspondents after the second National Economic Council (NEC) meeting at Presidential Villa, Abuja.
The Vice President statutorily chairs the NEC with all the state governors and FCT minister as members.
According to him, “Today is second NEC meeting in 2020 and 102 in the series of NEC meetings.The Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed presented to Council current balances on the special accounts maintained by the federation.
On Excess Crude Account, as at February 24, 2020, the balance is $71, 8139, 41.84.
On Stabilisation Account, as at February 24, the balance is N34,186,655,761.82. Development of Natural Resource Account, as at the same date, stands at N101,889,686,452.53. Update on Budget Loan Facility, the Minister informed NEC that during the months of January and February, 2020, deductions had been made from statutory allocations of the affected states.
