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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Excess Crude Account rises to $9.2bln as FG, states, LGs share N567.7bln in December

Posted on 17 January 2013

The Excess Crude Account (ECA) created to provide succour in rainy days including shoring up monthly revenue shortfalls currently stood at about $9.242 billion. The value of the ECA was made public Tuesday even as the Federation Account Allocation Committee (FAAC) shared total distributable revenue amounting to N567.708 billion to the three tiers of government for the month of December.
Gross revenue for the month increased by N11.600 billion to N581.059 billion compared to N569.459 billion received for the previous month………………………………………..Full Article: Source


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