Nigeria’s Excess Crude Account (ECA) has decreased by 72 percent from $2.2 billion in 2015 to an all-time low of $60 million, according to the latest figures by Nigeria’s minister of state for budget and national planning, Clem Agba
Nigeria’s Excess Crude Account (ECA) stood at $535,823.39 as of August 2025, the Accountant-General of the Federation, Shamsedeen Ogunjimi, disclosed on Thursday.
Ogunjimi, represented by Wale Edun, Minister of Finance and Coordinating Minister of the Economy, gave the update during the Nationa
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Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.
