The National Economic Council (NEC) has said Nigeria’s savings from the sale of crude above the budget benchmark called Excess Crude Account stood at $35,868,086.40 as at January 17, 2022.
Minister of State for Budget and National Planning, Clem Agba stated this during the 122nd physical meeting of the Council in Abuja.
The Minister said NEC will support the second iteration of the Subnational Ease of Doing Business Report which is to be launched in the second quarter of 2022.
Agba said: “the current state of Nigeria’s underlisted accounts as at 17th of January 2022 are: Nigeria’s Excess Crude Account (ECA) Balance As At 17th January 2022 Stands At $35,868,086.40; stabilisation Account Balance As Of 17th January 2022 Stands At N30, 685, 611, 413.79; development of Natural Resources Account Balance As At 17th January 2022 Stands At N42, 820,382,381.40: