Abuja - President Goodluck Jonathan met in a closed-door with governors on Monday night over the crisis rocking the Federation Accounts Allocation Committee (FAAC) over sharing of revenue accruing to the three tiers of government.
Speaking on the outcome of the meeting held State House which ended around midnight, presidential spokesman Reuben Abati told newsmen that a four-man committee was set up to resolve the crisis.
During FAAC meeting on Thursday, Commissioners for Finance in the states had staged a walk out on the Minister of State for Finance, Dr Yerima Ngama, who chaired the committee meeting.
Abati said the President summoned the meeting with governors to resolve the impasse.
He said the four-member reconciliation committee comprised Governors Isa Yuguda of Bauchi, Emmanuel Uduaghan of Delta, Ibrahim Dankwambo of Gombe and Peter Obi of Anambra.
He said the committee would meet with the Minister of Finance, Ngozi Okonjo-Iweala, and Ngama on Tuesday to resolve the matter.
Abati said the State House meeting was "very friendly" and that the governors were happy at the President's disposition to resolving the matter.
He said a statement would be issued at the end of the committee's meeting, adding that more than 25 governors or their deputies attended the meeting where the decision to resolve the matter was taken.