Nigeria Finance Minister Kemi Adeosun yesterday told the National Economic Council that the balance in the Excess Crude Account as of April 30, 2016 stood at $2.259 billion.
The minister put the interest accrued on the account at $429,903.55 “for the month of April 2016 experiencing a little drop in interest”.
She also presented to the council, the Fiscal Sustainability Plan and Fiscal Framework for Sub-National Governments in Nigeria which include strategic objectives and recommended action points.
Edo State Governor Adams Oshiomhole told the council that the ad-hoc committee on the management of the Excess Crude Account and payment into the federation account endorsed the forensic auditors firms as earlier proposed by the finance minister to audit the ECA.