Why is the Federal Government withdrawing $1bn from the Excess Crude Account to fund the fight against insurgency in the North-East after Nigerians have been made to believe that Boko Haram had been defeated? What about the huge sums of money allocated annually to defence spending? Has the Federal Government considered the opportunity cost of this decision given that the amount in question (about N365bn) is more than the combined 2018 capital allocation to critical sectors of the economy such as Agriculture (N118.9bn), Health (N71.1bn), Education (N61.7bn), Science & Technology (N43.2bn), Mines & Steel Development (N12.9bn)? Shouldn’t approval have been sought from the National Assembly to withdraw money from an account having no constitutional backing?These are some of the questions agitating the minds of many Nigerians following a recent decision of the National Economic Council (comprising all state governors as members with the Vice President...
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