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Sovereign Wealth Funds Briefing - Categorized | Financials

FG target $10bln for Excess Crude Account

Posted on 15 October 2012

Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala,  said in Tokyo on Sunday that Nigeria’s Excess Crude Account  would be built up to  10 billion dollars  by early 2013.
Okonjo-iweala made this known while briefing newsmen on the Nigerian economy at the Annual Meeting of the World Bank and the IMF. “I strongly feel and I have shared with the governors, with Mr. President and vice-president who fully supports that the Excess Crude Account must be built up to 10 billion dollars.We should strive to do that in the next few months and we keep that as buffer.”……………………………………….Full Article: Source


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