As paucity of funds continues to affect governance in states across the country, the Nigerian Governors Forum, NGF, will meet today in Abuja to workout bailout strategies for the affected states. They will also review the state of the controversial Excess Crude Account, ECA.
This is the second meeting of the NGF after its unification and the first meeting under the leadership of the Zamfara State Governor, Alhaji Abdulazeez Yari.
According to a statement signed by the Director-General of the NGF, Asishana Okauru yesterday in Abuja, Governor Abdulazeez Yari is expected to brief the forum and update his colleagues on the Federation Account Allocation Committee, FAAC, and Excess Crude Account, ECA.
The governors will deliberate on proposals for bailout of distressed states, revenue enhancement schemes for States and briefs from the Secretariat.
Worried by the drastic fall in revenue allocations to the states, the Governors met President Muhammadu Buhari over difficulty for them to pay salaries in their respective states.
At their last meeting in May, held in Abuja, where Yari emerged as the chairman, the governors called on the former Minister of Finance and then Coordinating Minister of The Economy, Dr. Ngozi Okonjo-Iweala to account for the money that accrued to the Excess Crude Account since 2013.
The governors also resolved to setup a Governors’ Forum Academy to be called “The NGF Leadership Academy” which will be responsible for capacity building of governors and other officials holding public office, noting that the academy would be overseen by the NGF secretariat.
Ahead of Wednesday’s meeting, governors elected on the platform of the Peoples Democratic Party, PDP, met last night in Abuja to take a common position on the NGF agenda.

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