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Sovereign Wealth Funds Briefing - Categorized | Performance

Excess Crude Account depleted from $20bln to $1.16bln in three years

Posted on 17 November 2010

From Compassnewspaper.com: In what looked like a shocking revelation, the Excess Crude Account was drawn down from N3 trillion (about $20 billion) to N174 billion (about $1.16 billion), within the spate of three years.
The revelation was made at the weekend by the Minister of State for Finance, Yabawa Wabi, who announced the lodgement of some $387.2 million into the Excess Crude Account……………………………………….Full Article: Source


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