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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Profile/New Launches

Nigeria: FG increases Excess Crude Account to $10bln

Posted on 26 June 2012

The Federal Government, as part of an immediate plan to provide a buffer for the economy, has increased the Excess crude account (ECA) from $5.3Billion to $10Billion.
This was part of the high points of the decisions taken on Monday by the National Economic Council (NEC) to protect the economy from a possible global recession………………………………………..Full Article: Source


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