July 16, 2021

The National Economic Council (NEC) has disclosed that the Excess Crude Account (ECA) balance stood at $60,852,533.19 as at 13th July, 2021

The Minister of State for Budget and National Planning, Mrs. Zainab Ahmed, who disclosed this in her updates to the Council, said the Development of Natural Resources Account balance stood at N23,573,977,607.78 as at July 13.

According to Ahmed, the Stabilisation Fund balance as at 13th July, 2021 stood at N26,346,419,015.43, up from N24.8 billion in June.

The council’s meeting is held monthly to deliberate on the coordination of the economic planning efforts and economic programmes of the various levels of government.

NEC comprises the 36 state governors, the governor of Central Bank of Nigeria, minister of finance, Secretary to the Government of the Federation and other government officials.