Business Nigeria's Excess Crude Account Rises to $3.45bn

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Business Day has reported the Federal government is claiming that the country's Excess Crude Account has increased by $1.34bn bringing the total to $3.45bn.

Dr. Ngozi Okonjo-Iweala,Minister of Finance, confirmed the rise on Sunday in a statement issued by her Media Assistant, Mr. Paul Nwabiuku.

Okonjo-Iweala said the rise in the ECA signaled the Federal Government’s commitment to rebuilding the country’s fiscal buffers.

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