NEC Raises Concern Over Spate Of Abduction 

Joseph Bakare

The National Economic Council, NEC, has expressed outrage on the kidnapping of the boys in their school premises in Katsina and utterly condemned the brazen act of the abductors as not only criminal and lawless but a deliberate attempt to sow seeds of fear in people.

The members while supporting immediate steps already taken by the Federal and State governments to rescue the boys, urged for more effective collaboration between security agencies and the communities to ensure that such despicable act does not repeat itself anywhere in the country.

The Honourable Minister of Finance, Budget and National planning reported to Council the balances of the under listed accounts as at 17th December 2020 as follows:

Excess Crude Account (ECA)              –      $72,410,574.08

Stabilization Account                            –      ₦26,433,355,427.91

Development of Natural Resources

Account                                                  –   ₦156,690,002,234.58


No update on Budget Support Loan Facility as deductions have been suspended due to Covid-19.

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