The ECA is a government account used to save oil revenues above a base amount derived from a defined oil benchmark price. It was established in 2004 and its objective is primarily to protect planned budgets against shortfalls due to volatile crude oil prices. “The NEC also resolved through the chairman of the governors’ forum to support the effort of the Federal Government in the area of security. “We also discuss the issue of fuel supply. As you know, there has been challenges of fuel supply in the country.

Source: Nigerian Tribune December 14, 2017 21:03 UTC