Nigeria’s Stabilisation Funds, ECA, NSIA less than $3.9b

…not enough to fund 20% of 2017 federal budget OpeOluwani Akintayo 26 July 2017, Sweetcrude, Lagos — Nigeria has one of lowest natural resource revenue savings in the world, with the balance in the three funds (0.5% stabilization fund, Excess Crude Account (ECA) and Nigeria Sovereign Investment Authority (NSIA)) less than $3.9 billion, not enough […] More »