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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Excess crude account down by $2bln

Posted on 29 November 2011

States won a major battle yesterday, with the Federal Government releasing $2billion from the excess crude account for sharing. Minister of State for Finance Alhaji Yerima Lawan Ngama announced this after the meeting of the Federal Accounts Allocation Committee (FAAC) in Abuja.
The FAAC meeting agreed to share N615.757billion for October, among the three tiers of government………………………………………..Full Article: Source


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