Wednesday, 30 January 2013

President Jonathan Bows To Governors; Approves Release Of 2 Billion Dollars From Excess Crude Account

President Goodluck

Bowing to pressure from State Governors, President Goodluck Jonathan on Tuesday, approved the disbursement of 1 billion Dollars to the 36 states and the Federal Capital Territory (FCT) to enable them execute people oriented projects in line with the Federal Government’s Transformation Agenda.

This is in addition to deduction of 1 billion Dollars for fuel subsidy payments.

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