Despite Oil Prices Above $40 Benchmark In 2021: Federal Govt, States Deplete Excess Crude Account By $37m

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Nigeria risks being hard hit again in the possible eventuality of an economic shock like in 2016 when the price of crude oil fell to $20 per barrel. Investigation by this newspaper revealed that instead of saving for the rainy day, the federal and sub-national governments are depleting the Excess Crude Account (ECA) in spite […]
Source: Leadership

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