Excess crude account: States get $1bn

President Goodluck Jonathan has approved distribution of $1billion from the excess crude account among the 36 States and FCT.
This was part of decisions taken at the National Economic council at its first meeting for the year.
Governor of Rivers State Rotimi Amaechi who briefed newsmen after the meeting said there is a total balance of $9.242 billion, in the excess crude account after $1billion was spent on subsidy payments by the Federal Government.