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Sovereign Wealth Funds Briefing - Categorized | Performance

Excess Crude Account to drop to $3.522 bln

Posted on 25 May 2010

From Thisdayonline.com: Nigeria’s excess crude account (ECA) balance would drop to N528.373 billion ($3.522 billion) as soon as President Goodluck Jonathan approves the deduction of N339.627 billion from the account to augment arrears due to the three tiers’ federal, state and local governments.
The N339.627 billion arrears are the shortfalls between the budgeted allocation and the actual allocation to the three tiers of government……………………………………….Full Article: Source


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