Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,467 members, 7,816,092 topics. Date: Friday, 03 May 2024 at 04:20 AM

Excess Crude Account Falls By 89% To $472,513 - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Excess Crude Account Falls By 89% To $472,513 (7998 Views)

Gloomy Outlook For States As Federation Account Falls / Governors Upset By Excess Crude Account Depletion / Only $323.7m Left In Nigeria’s Excess Crude Account - FAAC (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: Excess Crude Account Falls By 89% To $472,513 by FreeStuffsNG: 6:12pm On Nov 24, 2022
It is literally non existent by law
Re: Excess Crude Account Falls By 89% To $472,513 by gratiaeo(m): 6:13pm On Nov 24, 2022
Nigeria is been looting dry by fulanis. I pity the next president
Re: Excess Crude Account Falls By 89% To $472,513 by Angelfrost(m): 6:15pm On Nov 24, 2022
In summary...

Buhari and APC have performed far worse than an already bad Jonathan/PDP!

...And in the midst of such failure, one of them is saying that it's his turn to loot what is left!
Re: Excess Crude Account Falls By 89% To $472,513 by Gourdoinc(m): 6:17pm On Nov 24, 2022
Vote for APC. The best party we ever had.
Re: Excess Crude Account Falls By 89% To $472,513 by xevove2061: 6:18pm On Nov 24, 2022
Moh247:
Second Niger bridge

Mabila dam

Lagos - Ibadan standard guage rail

Those 3 projects wiped out over 3. Something billion dollars? When we say u apc supporter are foolishyou will be abusing us

1 Like

Re: Excess Crude Account Falls By 89% To $472,513 by jimetagambo: 6:18pm On Nov 24, 2022
And Norway's similar account is over $1T

1 Like

Re: Excess Crude Account Falls By 89% To $472,513 by codertav: 6:22pm On Nov 24, 2022
Buhari and APC made it a point of duty ro destroy nigeria. I dont know why Buhari tried to run for presidency 4 times when he knew he was not serious.
Re: Excess Crude Account Falls By 89% To $472,513 by Nobody: 6:23pm On Nov 24, 2022
tuoyoojo:


Just calm down, dollar wee go up

What are the factors to make it go up?
Re: Excess Crude Account Falls By 89% To $472,513 by jaxxy(m): 6:24pm On Nov 24, 2022
Criminals
Re: Excess Crude Account Falls By 89% To $472,513 by MansoryMX(m): 6:24pm On Nov 24, 2022
You will not find one APC urchins on this trend cheesy
Re: Excess Crude Account Falls By 89% To $472,513 by tuoyoojo(m): 6:25pm On Nov 24, 2022
LagosInter:


What are the factors to make it go up?

The factors that has always pushed it up

We are an importing nation

We are a consumer nation

1 Like

Re: Excess Crude Account Falls By 89% To $472,513 by Badonasty(m): 6:31pm On Nov 24, 2022
Lol…it is over
Re: Excess Crude Account Falls By 89% To $472,513 by Nobody: 6:46pm On Nov 24, 2022
Wurld:
Make dem go withdraw the balance share am give Nigerians, make we use am hold body for Christmas grin grin grin

There was a country undecided

1 Like

Re: Excess Crude Account Falls By 89% To $472,513 by DaveHarry(m): 6:46pm On Nov 24, 2022
So a whole nation have only dis paltry amount in their ECA. Blackman politics is evil.

1 Like

Re: Excess Crude Account Falls By 89% To $472,513 by 123papas(m): 6:51pm On Nov 24, 2022
Well written.
DesChyko:
The ECA is meant for deposits from oil sales if the amount it is sold for per barrel exceeds the benchmark planned in the budget.

At an average of $90 per barrel since December till date, 1 million barrel per day production capacity & a benchmark of $62 in budget, the APC government should have $9bn deposited so far in the ECA in 2022.

Instead an additional $35m was removed from the ECA in June.

Under President Jonathan, Peter Obi was a governor named by Ngozi Okonjo Iweala that vocally supported saving excesses in the ECA. They saved up to same $9bn that year. But then-governors like Aregbesola, Fashola, Akpabio, Amaechi and Oshiomole fought tooth and nail against the idea until the money was shared. Today they all hold different offices in APC.

It shouldn't be surprised that there were no savings there.

But it doesn't have to continue. Remove the weed and let the plants grow.

Vote wisely!

1 Like

Re: Excess Crude Account Falls By 89% To $472,513 by AFONJAPIG(m): 6:51pm On Nov 24, 2022
Somalia will be Better than Nigeria if they allow this disgraceful part PDAPC to continue
Re: Excess Crude Account Falls By 89% To $472,513 by tunapawizzy: 7:06pm On Nov 24, 2022
Na wa o...e no fit buy 30 bitcoin
Re: Excess Crude Account Falls By 89% To $472,513 by Masterito(m): 7:07pm On Nov 24, 2022
Corruption is doing the real damage
Omihanifa:
Same excess crude account that obasanjo left at 25billion dollars in 2007. undecided

The government should just remove this fuel subsidy that is eating deep into our savings.
Re: Excess Crude Account Falls By 89% To $472,513 by CedarHoldings: 7:10pm On Nov 24, 2022
Are you a writer or planning to write an article or story , a proof reader is available on ground , and also get your modern CV or any document in any formats you want.



@ CEDARMEDIA OUR SERVICES IS VERY AFFORDABLE AND ACCURATE .


C.E.O CV IS AVAILABLE ON REQUEST.
Contact us : Deleola77@gmail.com or WhatsApp: zero nine one five three four 8 two 4 one zero.
Re: Excess Crude Account Falls By 89% To $472,513 by macaranta(m): 7:19pm On Nov 24, 2022
That's like Messi or Ronaldo's one to two weeks wages. This is a huge shame...they should just finish everything let's rest. Smh
Re: Excess Crude Account Falls By 89% To $472,513 by Phantom233: 7:20pm On Nov 24, 2022
Skankamola:
What buhari cannot destroy does not exist
Seems they're tired of blaming GEJ, may we never see this kind of clueless, backward and satanic leadership again in this country IJN..Amen.

1 Like 1 Share

Re: Excess Crude Account Falls By 89% To $472,513 by mastermaestro(m): 7:20pm On Nov 24, 2022
Wurld:
Make dem go withdraw the balance share am give Nigerians, make we use am hold body for Christmas grin grin grin

There was a country undecided

I stand with you on this. grin

1 Like

Re: Excess Crude Account Falls By 89% To $472,513 by Ckonnet: 7:23pm On Nov 24, 2022
Buhari the destroyer on the beat, the problem is that the next government cannot probe this monumental banditry that a.p.c committed because they will waste another 8yrs trying to understand the monumental banditry
Re: Excess Crude Account Falls By 89% To $472,513 by SouthSouth1914: 7:25pm On Nov 24, 2022
xevove2061:
Buhari and APC made it a point of duty ro destroy nigeria. I dont know why Buhari tried to run for presidency 4 times when he knew he was not serious

Buhari only wants to squander Nigeria’s resources. He has successfully done that and shared the funds to friends and family.
Re: Excess Crude Account Falls By 89% To $472,513 by SirNature23: 7:26pm On Nov 24, 2022
See free fall. Haba APC. Is this the change you promised us?
This is the time to delete APC from governance in Nigeria. Vote PDP come 2023
Vote Atiku
It's time to recover Nigeria and build our sovereign wealth fund once again
Sai PDP
Sai Atiku
I come in peace
Re: Excess Crude Account Falls By 89% To $472,513 by Edino01(f): 7:32pm On Nov 24, 2022
PDP will recover all

Vote Atiku/Okowa for the change
Re: Excess Crude Account Falls By 89% To $472,513 by Vadese1: 7:42pm On Nov 24, 2022
Ah Nigeria. Buhari and him men don use mouth wiped the money finish. The account is almost zero dollars. It shall never be well with APC
Re: Excess Crude Account Falls By 89% To $472,513 by BabaAgba79(m): 8:04pm On Nov 24, 2022
dre11:


https://punchng.com/excess-crude-account-falls-by-89-to-472513/?amp

Buhari, a failure! Jona no save! Wetin u save? Reason I no like Osinbajo! For more than 6 years, Osinbajo kept saying Jonathan did not save! I am happy BAT is coming!
Re: Excess Crude Account Falls By 89% To $472,513 by Sufyaan003(m): 8:07pm On Nov 24, 2022
Vote atiku)okowa for a better change

Re: Excess Crude Account Falls By 89% To $472,513 by Nobody: 10:11pm On Nov 24, 2022
tuoyoojo:


The factors that has always pushed it up

We are an importing nation

We are a consumer nation

Ok
Re: Excess Crude Account Falls By 89% To $472,513 by zoputan89113: 10:48pm On Nov 24, 2022
So there's still something left? Buhari is doing well!So there's still something left? Buhari is doing well!...

(1) (2) (3) (Reply)

Crackdown On ‘Yahoo’ Boys: We Have Recorded 500 Convictions - EFCC / Boko Haram Attack On UN House: FBI Agents Storm Nigeria / Ex-MEND Militants Considers Retaliation And Secession

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 22
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.