NEITI advocates collapse of Excess Crude, Stabilisation fund into Sovereign Wealth Fund

He added that, "Different oil revenue saving funds should be consolidated and the legal framework harmonised. Specifically, the 0.5% Stabilisation Funds and the Excess Crude Account should be merged with the Sovereign Wealth Fund, as this multiplicity of savings funds with different rules has led to uncoordinated and widespread extra-budgetary spending." More »