Economic council says Excess crude account $474,000
Economy
THE National Economic Council has revealed that the nation’s excess crude account currently stands at 473,754.57 U.S. dollars.
The stabilisation account stands at N30,346, 557, 405.57 while the natural resources account stands at N115,175,616,159.65.
Gov. Yahaya Bello of Kogi disclosed this at the end of the council meeting on Thursday in Abuja.
He said that the amount was for the periods between July 19 and August 14 of this year.
Bello said that President Bola Tinubu was already putting in place measures to cushion the effects of the removal of subsidy on petrol on the livelihood of Nigerians.
He said that Nigeria was going through a necessary surgical operation that would culminate into a better future for the citizens.
He said the government has also directed all agencies and stakeholders involved in the provision of humanitarian assistance to work with states towards relieving the hardships of Nigerians.
Gov. Uba Sani of Kaduna state, who spoke on the proposed N5 billion intervention by the Federal Government for the purchase of food items, said the states have received N2 billion so far.
Sani said that the governors would ensure that the food items reached the most vulnerable Nigerians targeted in their respective states. (NAN)
A.
– Aug. 18, 2023 @ 14:23 GMT |
Related Posts
Fuel: Kano residents dump cars, resort to bicycles, electric bikes
SOME residents of Kano have abandoned their cars to embrace trekking, use of bicycle, electric bike and commercial tricycles for...
Read MoreNigeria’s economy shows promise, inflation rate projected to decrease
THE Democratic Front (TDF) has welcomed Fitch Ratings’ projection that Nigeria’s inflation rate would decrease from 33.7 per cent to...
Read MoreExpert says problem-solving attracts financial success
A tech institute, Zulfah Academy, says consistent problem-solving drives financial success in technology and businesses. Its Chief Executive Officer, Mr...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.