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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

ECA rises to $9.5bln as FG, others share N574bln

Posted on 16 November 2012

Accruals to the Excess Crude Account has risen to about $9.5bn as at the end of October as N172.5bn was transferred to the account at the Federation Accounts Allocation Committee (FAAC), meeting held in Abuja, Tuesday.
Disclosing this to journalists at the end of the meeting which ended at about 11 pm, the Minister of State for Finance, Dr. Yerima Ngama, said increase in the ECA was due to higher revenues of government in the month under review………………………………………..Full Article: Source

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