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Sovereign Wealth Funds Briefing - Categorized | Financials

ECA: Jonathan approves $1bln to States

Posted on 30 January 2013

In what may appear to be an attempt to placate governors, who had been at daggers-drawn point with the Presidency, President Goodluck Jonathan Tuesday approved the distribution of $1billion from the Excess Crude Account (ECA) among the 36 States and the Federal Capital Territory (FCT).
This was one of the outcome of the first 2013 edition of the National Economic Council (NEC) presided over by Vice President Namadi Sambo Tuesday………………………………………..Full Article: Source


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