Fri, Oct 24, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Excess Crude Account decimated to $460mln

Posted on 16 August 2010

From Thisdayonline.com: The sum of $3 billion has been taken from the Excess Crude Account. $2 billion of it was shared among the three tiers of governments while $1 billion was set aside for the proposed Sovereign Wealth Fund which is yet to be signed into law.With the withdrawal, the depletion of the Excess Crude Account brings its current value to only about $460 million.

There are growing concerns that so much have been taken from the Excess Crude Account without tangible improvement in the lives of Nigerians…………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 15018 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031