Monday Headlines 24th February 2020 Morning Digest 1. Governors upset by Excess Crude Account depletion 2. 3. sunday_oguntola MondayMotivation mondaythoughts Ikorodu
Also of concern to the states helmsmen is the reluctance of the Federal Government to tinker with the revenue allocation formula which they believe is desirable.
It was not clear if the governors will stick to their position that President Muhammadu Buhari should rejig the security architecture or adopt the President’s decision to retain the Service Chiefs. “We are ready to go to NEC with new ideas on how to address the increasing security challenges at hand. The President is not bound by our advice but we do not want the situation to get worse.
“We want to know why they depleted the account and what went wrong. Some commentators have started blaming state governors without knowing that we were not aware of the huge depletion within a month. The Federal Government is not keen because its oil revenue forecast for the year is not in line with its target.”
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