| Acting chairman of the Fiscal Responsibility Commission (FRC) Raymond Omachi has warned that sharing the outstanding balance in the Excess Crude Account (ECA) is dangerous for the country. He disclosed this during an interactive session with journalists in Abuja at the weekend.
“No country or governments can survive without savings because it would put them in a more difficult position if they do not allow for legitimate savings that they can fall back on in the times of dare need. “We think the ECA should be a collecting account for savings from where we can now pay into the sovereign wealth fund,” he said...............................................Full Article: Source
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