Nigeria’s Excess Crude Account balance falls to $498m

Nigeria’s excess crude account, which saves the difference between the estimated price and the actual price of crude, fell from a previous balance of $631m, Governor of Kebbi State said yesterday, following a meeting of the National Economic Council (NEC).

Briefing State House Correspondents after the NEC meeting , Governor Atiku Bagudu of Kebbi State gave details of the balance in the federation accounts as at December 31, 2018, including the Excess Crude Account which stands at $497,864,626.08, while Stabilization Account stands at N29,672,829,101.47, and Natural Resources Development Fund stands at N135,476,046,912.57.

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