The Accountant-General of the Federation has presented a financial briefing to the National Economic Council (NEC), detailing the balances of key national accounts as of April 2025.
According to the report, the Excess Crude Account (ECA) holds a balance of $473,754.57, reflecting the continued depletion of the once-robust savings account that was originally designed to cushion the economy against oil price volatility.
The Stabilisation Account, intended to support the federal and state governments in periods of economic downturn, has a balance of N63,535,835,786.60.
Meanwhile, the Natural Resources Development Account, which is meant to fund investments in the country’s natural resources, currently holds N72,858,962,913.29.
The briefing formed part of discussions at the monthly NEC meeting, where members reviewed the state of the nation’s finances and ongoing economic strategies. Continue… Your… Reading >>>
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