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FG, Govs Meet On N400bn Excess Crude Revenue From Josephine Lohor in Abuja The Federal Government has gone into high level discussions towards reaching a final decision on what to do with the N400 billion excess crude revenue. There has of late been two schools of thought on the issue with State Governors asking for the immediate sharing of the excess revenue and the National Economic Intelligence Committee, NEIC, recommending to the Federal Government that it should be reserved for future development. Governor of Nassarawa State, Alhaji Abdullahi Adamu, who disclosed that a final decision would soon be reached, stated that all stakeholders in Government would be involved in the decision. Speaking to State House Correspondents, Adamu said as a member of the committee involved in taking a final decision on the excess crude oil revenue, it would not be right to pre-empt its work. Adamu said that "Well, there is a very important discussion going on between the Federal Government and all stakeholders in all tiers of government. I do not want to preempt the efforts the government is making on this. "I am involved in that effort and that is why I cannot preempt the decision that will be reached. It is not right. I am involved in what is going on, and I know the effort the Federal Government is making", he added. He, however, declined to mention the names of other members of the committee, just as he did not say how long it would take it to reach a final decision. It would be recalled that Governors of Kwara and Adamawa States, Bukola Saraki and Bonnie Haruna respectively, recently called for the sharing of the revenue to enable the States take care of their urgent developmental needs. However, Economic Aviser to the President and chman National Planning Commission, Prof. Ode Ojowu, told THISDAY last week that the excess revenue would be used to part finance the 2005 budget. Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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