Nigeria - Excess Crude Account
Country: Nigeria
Established: 2004
US$ Billion: 11
Origin: Oil
Transparency Rating: 1
Summary:
The rationale behind the Excess Crude Account is to act as a stabilization fund, closing budget deficits that are a product of oil price volatility, and to potentially fund domestic infrastructure investments.
News and Updates
2/19/2008
Sharp rise in Excess Crude Account
Nigeria’s excess crude account has increased by 239.2 percent reaching US$ 17.3billion in 2007 from $5.1billion recorded in 2004.
Location
Website
Federal Government of Nigeria Ministry of Finance
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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