zenith leader board 1
  • Likes
  • Followers
  • Followers
  • Friday, August 8, 2025
  • Contact Us

NEWSCLICKNG NEWSCLICKNG - Most Development-Focused News Platform

  • News
  • Politics
  • Business
  • Sports
  • Education
  • Entertainment
  • lifestyle
  • Health
  • Arts & Culture
  • Technology
NewsclickNG
  • Home
  • Business
  • Accountant General reveals Nigeria’s excess crude account balance

Accountant General reveals Nigeria’s excess crude account balance

BusinessNews
By Oluwadamilare Emmanuel On Apr 25, 2025
FULL LIST: 4,173 BDC Operators barred by CBN
298
Share

Accountant-General of the Federation (AcGF), Shamseldeen Ogunjimi, has stated that nation’s excess crude account (ECA) balance is $473,754.57 as of April.

Ogunjimi spoke during the 149th national economic council (NEC) meeting, chaired by Vice-President Kashim Shettima, on Thursday at the Presidential Villa, Abuja.

The ECA was established in 2004 by former President Olusegun Obasanjo to save excess oil revenues above the benchmark in the annual budget, with the overriding objective of insulating the country from economic shocks that may arise from volatility in crude oil prices in international markets.

Related Posts

INEC announces locations, date, time for Continuous Voter…

Aug 7, 2025

Flout ‘no-fly ban’ on Wasiu Ayinde, lose your…

Aug 7, 2025

WAEC halts access to 2025 WASSCE results over…

Aug 7, 2025
Zenith banner 1

Ogunjimi also said the stabilisation account balance stood at N63.53 billion as at April, adding that “natural resources development account balance as at April 2025 is N72,858,962,913.29”.

The current ECA balance, which has remained unchanged for several months, has been depleted over the years.

In February 2021, Zainab Ahmed, former minister of finance, budget and national planning, said the nation’s ECA balance was $72.4 million.

However, on March 23, 2023, the federation account allocation committee (FAAC) said the balance in the excess crude account stood at $473,754.57.

Accountant General of the FederationExcess Crude AccountShamseldeen Ogunjimi
Oluwadamilare Emmanuel 21742 posts 0 comments

Prev Post

[PHOTOS] Ganduje receives decampees from Kano, says 2027 done deal for APC

Next Post

Aliko Dangote bags World Bank appointment

You might also like More from author
News

INEC announces locations, date, time for Continuous Voter Registration nationwide

News

Flout ‘no-fly ban’ on Wasiu Ayinde, lose your license, Minister warns…

Education

WAEC halts access to 2025 WASSCE results over ‘technical glitches’

News

Ondo pastor arraigned for N247m property destruction

Prev Next
  • About us
  • Contact Us
  • Privacy Policy
  • Terms of use
  • Advertise with us
© 2025 - NewsclickNG. All Rights Reserved.
Website Design: DN