Obaseki said the announcement of the approval was made during the NEC meeting by the chairman of Nigeria Governors' Forum (NGF), Abdulaziz Yari, the Zamfara State Governor.
Dozens of Nigerian state governors on December 14 approved the transfer of $1 billion to aid the federal government's fight against the deadly Boko Haram insurgency, signaling that previous announcements of victory over the Islamic extremists had come too soon.
It was established in 2004 and its objective is primarily to protect planned budgets against shortfalls due to volatile crude oil prices.
Edo State Governor Godwin Obaseki broke the news to State House correspondents at the end of the NEC meeting chaired by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja.
"The NEC also resolved through the chairman of the governors' forum to support the effort of the Federal Government in the area of security".
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Ayodele Fayose, the Governor of Ekiti State and a member of the opposition Peoples Democratic Party (PDP) took to Twitter on Friday morning to wash his hands off the Federal government decision to release about half of the amount in the Excess Crude Account for the fight against Boko Haram. Nigeria was part of a massive aid appeal by the United Nations secretary-general early this year for four countries, including Somalia, Yemen, and South Sudan, where mass hunger is fueled by conflict.
The governor stated that the Secretary to Government of the Federation (SGF), in order to have an alliance with states, had chose to organise a retreat for secretaries to the state governments across the federation.
The governor further said that the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, briefed NEC on the fuel situation and assured that the fuel crisis would be overcome nationwide in the next 48 hours because of availability of fuel in the strategic reserve. The account had a balance of $2.317 billion as at December 13, 2017.
Dankwambo said the forensic audit of the Nigeria Customs Service and the National Communications Commission by KPMG was ongoing and might be submitted in January.