29.07.2009 - Nigeria: Govs demand $4bln from Excess Crude
From Thisdayonline.com: State governors are mounting intense pressure on the Federal Government to share at least $4 billion from the savings in the Excess Crude Account (ECA) among the three tiers of government. The account, which was created by the government of ex-President Olusegun Obasanjo in 2003, is where the difference between budget benchmark price for oil and the actual market price is saved.........Full Article: Source
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