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Sovereign Wealth Funds Briefing - Categorized | Financials

FG increases Excess Crude Account to N1.6 trillion

Posted on 27 June 2012

The Federal Government has as part of an immediate plan to provide a buffer for the economy increased the Excess Crude Account (ECA) from N848 billioin ($5.3 billion) to N1.6 trillion ($10 billion).
This was part of the high points of the decision taken Monday by the National Economic Council (NEC) to protect the economy for at least three months from a possible global recession………………………………………..Full Article: Source


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