• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

      PRNigeria logo fearured image

      EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

      EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

  • Fact-Check
  • Economy
    • Acting Controller General of Customs, Nigerian Customs Services, NSC, Ag. CG Bashir Adewale Adeniyi

      Customs Exposes Scam Over Form M Migration to B’Odogwu Platform

      CBN

      The Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri…

      Ibrahim Yahaya Dandakata of Arewa Economic Forum AEF

      AEF Slams CBN’s New BDC Policy, Cites Threat to Northern Economy…

      Google Search Tech Digest

      7 Smart Google Search Tips That Will Save You Hours By…

      U.S. VISA

      REVEALED: Why US Reduced Visa Validity for Nigerians to 3 Months…

  • National
    • Late President Muhammadu Buhari

      The Passing of a Mighty Warrior by Chief Femi Fani-Kayode

      Secretary to the Government of the Federation

      SGF Akume Leads Presidential Committee for Buhari’s State Funeral

      Late President Muhammadu Buhari

      Northwest Governors Mourn Buhari, Declare Tuesday Public Holiday

      FG Declares Tuesday Public Holiday in Honour of Late Ex-President Buhari

      Yahaya Bello Mourns Passing of Buhari and Awujale of Ijebuland

    • Government
      • Kano Gov Appoints Yusuf Sharada Special Adviser on Digital Economy

        Kogi SEMA To Establish Emergency Operation Centre

        Late President Muhammadu Buhari

        The Passing of a Mighty Warrior by Chief Femi Fani-Kayode

        Secretary to the Government of the Federation

        SGF Akume Leads Presidential Committee for Buhari’s State Funeral

        Late President Muhammadu Buhari

        Northwest Governors Mourn Buhari, Declare Tuesday Public Holiday

  • Security
    • Kogi SEMA To Establish Emergency Operation Centre

      Police Arrest 6 Suspected Armed Robbers in Benue, Recover Firearm, Motorcycle

      Police Officer

      Police Arrest Suspects for Human Trafficking, Rescue Victims in Anambra, Enugu,…

      Police Raid IPOB/ESN Enclave, Arrest 6 Suspects in Enugu

      NDLEA Logo

      NDLEA Arrests Notorious Drug Kingpin, Uncovers Cocaine, Destroys Over 28,000kg Skunk…

  • Features
    • Late President Muhammadu Buhari

      The Passing of a Mighty Warrior by Chief Femi Fani-Kayode

      President Muhammadu Buhari

      Buhari in his Own Words By Kabir Akintayo

      Fame, Fortune, and Fallout: The Peller Paradox By Haroon Aremu Abiodun

      Officers of NSCDC Mining Marshals

      Alake’s Verdict on Mining Marshals By Abdullahi O Haruna Haruspice

      CBN

      The Facts About Nigeria’s Debts Burden Under Tinubu’s Watch By Zekeri…

  • State
    • Kano Gov Appoints Yusuf Sharada Special Adviser on Digital Economy

      Kogi SEMA To Establish Emergency Operation Centre

      Police Arrest 6 Suspected Armed Robbers in Benue, Recover Firearm, Motorcycle

      Police Officer

      Police Arrest Suspects for Human Trafficking, Rescue Victims in Anambra, Enugu,…

      Late President Muhammadu Buhari

      UPDATE: Buhari’s remain for burial Tuesday 2pm – Gov Radda

  • Event
    • Late President Muhammadu Buhari

      Northwest Governors Mourn Buhari, Declare Tuesday Public Holiday

      Late President Muhammadu Buhari

      UPDATE: Buhari’s remain for burial Tuesday 2pm – Gov Radda

      Alhaji Ibrahim Musa Suleja

      NIPOST Appoints Ibrahim Musa Suleja Director of Corporate Communications

      Asiwaju Adegboyega Solomon Awomolo

      47 Years of Excellence: Honoring Asiwaju Awomolo, SAN

      NCoS inmates

      58 Inmates in Kano Sit for 2025 NECO Exams, Thanks to…

    • PR Nigeria Award
  • E-Paper
Home Government Nigeria’s Excess Crude Account Thinned To $2.60b
  • Government

Nigeria’s Excess Crude Account Thinned To $2.60b

By
Yusuf An-nuphawi
-
February 25, 2015
…As Yuguda Insists Nigeria Not Broke
Minister of State for Finance, Mr. Bashir Yuguda has disclosed that domestic excess crude balance in the federation accounts stands at N19 billion while the excess crude account (ECA) remained $2.60 billion as at the end of January, 2015
While fielding questions from reporters shortly after this month’s Federation Account Allocation Committee meeting in Abuja on Tuesday The Federal Government has insisted that the country was not broke despite the headwinds militating economic growth in recent times.
To him, insinuation that the country is broke, is a political point made out of nothing.
Yuguda said in as much the country was meeting its financial obligations as a when due, it would be wrong to continue to make such unfounded insinuations.
‘’I don’t know the issue of the country being broke, people should come up with facts and figures of what it means for a country to be broke’’, Yuguda challenged.
He lamented however, that recent measures put in place to boost revenue from non-oil sources are yet to yield desired results mainly because the non-oil sector are still linked to oil and gas which has been facing uncertainties.
According to the communique issued by FAAC after the meeting, the three tiers of the government shared total sum of N500.130 billion for February 2015.
Meanwhile, state governments have expressed their doubts about the capability of electricity distribution companies (EDCs) to give Nigerians uninterrupted electricity supply within the foreseeable future.
Chairman, Forum of Commissioners of Finance of Nigeria (FCFN) and Commissioner for Finance and Economic Development, Ebonyi State, Barrister Timothy Odaah said at the occasion that in view of the urgent need to energize the economy through regular power supply, it has become necessary to call on President Goodluck Jonathan to direct the EDCs to do more as effect of privatization not felt yet by Nigerians.
‘’We took decision to let the Minister confirm to Mr. President that performance of EDCs in their respective states are nothing to write home about.
‘’Mr. President’s attention has to be called to direct these people to do more’’, he stated.
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
Previous articleVideo Release: Nigerian Airforce Attacks Terrorists Hideouts
Next articleSenate rescheduled Ministerial Screening, Passed MTEF
Yusuf An-nuphawi
Yusuf An-nuphawi
https://prnigeria.com/

RELATED ARTICLESMORE FROM AUTHOR

Kano Gov Appoints Yusuf Sharada Special Adviser on Digital Economy

Kogi SEMA To Establish Emergency Operation Centre

Late President Muhammadu Buhari

The Passing of a Mighty Warrior by Chief Femi Fani-Kayode

Secretary to the Government of the Federation

SGF Akume Leads Presidential Committee for Buhari’s State Funeral

Late President Muhammadu Buhari

Northwest Governors Mourn Buhari, Declare Tuesday Public Holiday

President Muhammadu Buhari

JUST IN: FG Declares Tuesday Public Holiday to Honour Buhari

HCSF, Didi Esther Walson-Jack

Walson-Jack Inaugurates Editorial Team for Civil Service Legacy Book

Late President Muhammadu Buhari

UPDATE: Buhari’s remain for burial Tuesday 2pm – Gov Radda

Yahaya Bello Mourns Passing of Buhari and Awujale of Ijebuland

Tinubu Mourns Awujale of Ijebuland, Describes Him as Towering Traditional Ruler

Olusegun Obasanjo and Muhammadu Buhari

Nigeria Lost Buhari at a Critical Time – Obasanjo Mourns

Late President Muhammadu Buhari

Govs Otti, Bago, Adeleke, Ooni, others mourn Muhammadu Buhari

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Kano Gov Appoints Yusuf Sharada Special Adviser on Digital Economy
  • Kogi SEMA To Establish Emergency Operation Centre
  • The Passing of a Mighty Warrior by Chief Femi Fani-Kayode
  • SGF Akume Leads Presidential Committee for Buhari’s State Funeral
  • Police Arrest 6 Suspected Armed Robbers in Benue, Recover Firearm, Motorcycle
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Kano Gov Appoints Yusuf Sharada Special Adviser on Digital EconomyKogi SEMA To Establish Emergency Operation CentreThe Passing of a Mighty Warrior by Chief Femi Fani-KayodeSGF Akume Leads Presidential Committee for Buhari’s State FuneralPolice Arrest 6 Suspected Armed Robbers in Benue, Recover Firearm, MotorcycleNorthwest Governors Mourn Buhari, Declare Tuesday Public HolidayFG Declares Tuesday Public Holiday in Honour of Late Ex-President BuhariJUST IN: FG Declares Tuesday Public Holiday to Honour BuhariWalson-Jack Inaugurates Editorial Team for Civil Service Legacy BookPolice Arrest Suspects for Human Trafficking, Rescue Victims in Anambra, Enugu, EdoCustoms Exposes Scam Over Form M Migration to B’Odogwu PlatformUPDATE: Buhari's remain for burial Tuesday 2pm - Gov RaddaYahaya Bello Mourns Passing of Buhari and Awujale of IjebulandBuhari in his Own Words By Kabir AkintayoPHOTOS: Shettima, Gbajabiamila Arrive London to Bring Buhari’s Body Home for Burial
X whatsapp