The approval was announced by Zamfara State governor, Abdulaziz Yari, who's the chairman of the NGF.
The Nigeria Governors Forum (NGF) has approved the withdrawal of $1 billion from the Excess Crude Account by the Federal Government to intensify the war against terrorist group, Boko Haram, in the northeast.
This was disclosed by Edo State governor, Godwin Obaseki, after the National Economic Council (NEC) meeting held inside the Council Chamber of the Presidential Villa, Abuja.
While speaking to State House correspondents after the meeting, Obaseki said the approval was announced by Zamfara State governor, Abdulaziz Yari, who's the chairman of the NGF.
While speaking earlier, Gombe State governor, Ibrahim Dankwambo, disclosed that the Excess Crude Account had a balance of $2.317 billion as at December 13, 2017.
Thursday's meeting was chaired by Vice President Yemi Osinbajo in the absence of President Muhammadu Buhari who is in Paris, France after his participation in the One Planet Summit that took place on Tuesday, December 12.
He's expected back in the country later today.
Boko Haram menace
Since the insurgency of the terrorist group escalated after a 2009 crackdown by the military, Boko Haram, chiefly under the leadership of Abubakar Shekau, has been responsible for the death of over 20,000 people and the displacement of more than 2.5 million scattered across Internally Displaced Person (IDP) camps across the country and its neighbours.
After a massive military operation resulted in the displacement of the group from its primary base in the infamous Sambisa Forest, it has resorted to suicide bomb attacks on soft targets and carried out daring attacks on military bases, with hundreds of captives still unaccounted for.