Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million - Politics (2)

Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million (15308 Views)

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Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by Mindlog: 6:52pm On Apr 26, 2025

Despite the removal of subsidy.😂😂😂

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 6:52pm On Apr 26, 2025

PressMyButton:
I hope if I send thunder to you, the Moderators and their bots will not come for him. Go home and ask them to teach you the difference between March 23 and May 23. And please, don't mention me again.

Why is it still low ?
We have not paid Oil subsidy and forex subsidy in 2 years !
We have also been borrowing from IMF and world bank !

All the billions of dollars saved from not paying oil or forex subsidy from May 23, where is it ?

4 Likes 2 Shares

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by Anguldi(m): 6:52pm On Apr 26, 2025

Obasanjo remains the best president of Nigeria

3 Likes 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by anonimi: 6:53pm On Apr 26, 2025

malali:
Source:https://www.thecable.ng/accountant-general-nigerias-excess-crude-account-balance-stands-at-473754/

Arumọjẹ Propaganda Conmen, APC have been running a CBEX type Ponzi scheme government for 10 years.

How did we let this happen to us huh

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://thisweekng.com/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

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Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 6:53pm On Apr 26, 2025

Anguldi:
Obasanjo remains the best president of Nigeria

The rest just came to loot.
Nothing has changed.

2 Likes 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by brain54(m): 6:53pm On Apr 26, 2025

So much money gone...

With so little to show for it!

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by jubrilELsudan: 6:54pm On Apr 26, 2025

DEM TRY SEF SEY SOMETHING STILL REMAIN

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by erniok(m): 6:54pm On Apr 26, 2025

malali:
The latest ECA balance proves beyond debate: this administration is racing Nigeria to poverty at breakneck speed.
In 2021, our Excess Crude Account had $72.4 million.
In 2025, it’s now a pitiful $473,000 — almost completely wiped out.
Add the mountain of reckless borrowings and it’s clear: Nigeria is being hollowed out financially right before our eyes.

Your reporting and the link said at at March, 2023. What is the position of the account this year

5 Likes

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by Basicend: 6:54pm On Apr 26, 2025*

AleAirHub:
Another massive devaluation of the naira is on the way. We are finished. 😠😠😠

The ECA balance had been like that since early 2023.

It's not a new or sudden development.

Kindly try and read up the article first. Nothing is happening to the Naira.

4 Likes 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by Anguldi(m): 6:54pm On Apr 26, 2025

malali:
The rest just came to loot.
Nothing has changed.

💯👌🙌

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by Timmi: 6:55pm On Apr 26, 2025

Oga Malali, you conveniently omitted the last statement that also stated “ However, on March 23, 2023, the federation account allocation committee (FAAC) said the balance in the excess crude account stood at $473,754.57.”

malali:
The latest ECA balance proves beyond debate: this administration is racing Nigeria to poverty at breakneck speed.
In 2021, our Excess Crude Account had $72.4 million.
In 2025, it’s now a pitiful $473,000 — almost completely wiped out.
Add the mountain of reckless borrowings and it’s clear: Nigeria is being hollowed out financially right before our eyes.

6 Likes

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by EDGEof2MORO: 6:55pm On Apr 26, 2025

malali:
The latest ECA balance proves beyond debate: this administration is racing Nigeria to poverty at breakneck speed.
In 2021, our Excess Crude Account had $72.4 million.
In 2025, it’s now a pitiful $473,000 — almost completely wiped out.
Add the mountain of reckless borrowings and it’s clear: Nigeria is being hollowed out financially right before our eyes.

lol

na statistics we go chop? grin

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by anonimi: 6:55pm On Apr 26, 2025

Anguldi:
Obasanjo remains the best president of Nigeria

How is Obasanjo the best president without you providing details about his comparative performance in office?

1 Like 2 Shares

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by omoredia: 6:56pm On Apr 26, 2025

See una hamas and boko haram muslim ticket

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by Stolen: 6:56pm On Apr 26, 2025

AFTER REMOVING SUBSIDIES THEY TELL YOU TO ENDURE, HE BOUGHT SUPER JET THAT PISSED THE CHINESE OFF TO SIEZE THE OTHER PRESIDENTIAL JETS.

THAT WAS NOT ENOUGH, SUPER YACHT.

THAT WAS NOT ENOUGH HE ORDERED SEVERAL CADILLAC ESCALADE

OUR ROADS ARE BAD, HE ABANDED THEM TO BUILD COASTAL ROAD WITH NO ECONOMIC VALUE.

BUHARI WAS A SAINT COMPARED TO THIS MAN.

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by Killermamba: 6:58pm On Apr 26, 2025

helinues:
Good news for us here.

Scattering news for some people

if fit come X instead of this local champion wey you be here.

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by givedemwotowoto: 6:58pm On Apr 26, 2025

PressMyButton:
So, TimeManager made a comment to debunk the obvious lies and the low understanding of this OP and the bot deleted it, wow!. seun una no try at all. The ECA balance was $473,754.57 as at March, 2023, how then can any sensible person attribute that to an Administration that came to power in May 23?. Is this not what we have been saying about wailers?, seun.

It is being attributed because subsidy was removed to save money. Where is the money saved?

2 Likes 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by EDGEof2MORO: 6:59pm On Apr 26, 2025

Anguldi:
Obasanjo remains the best president of Nigeria

make I no punch your eye just now angry

na short term memory go wound all of una

meanwhile, this ECA is not a stagnant figure. I hope you know it can (and will) go up with time. The author is very mischeivious and picked one of the lowest reading to create this thread.

It is like taking a picture of your fuel tank when it is low, and crying that since you bought this car, the fuel has been reducing cheesy

1 Like

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by Zico5(m): 6:59pm On Apr 26, 2025

He told us to bear with him while cabal and his family are living large. Only Nigerians can save themselves from this administration.

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by nedekid: 7:00pm On Apr 26, 2025

So, they should give that one to seyi for week end goodtime. Abi how much do people think it cost to fly private jet with entourage to ibiza for party hour. cool

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by AndroBlaze: 7:00pm On Apr 26, 2025

malali:

Why is it still low ?
We have not paid Oil subsidy and forex subsidy in 2 years !
We have also been borrowing from IMF and world bank !

All the billions of dollars saved from not paying oil or forex subsidy from May 23, where is it ?

Oga stop disturbing everybody here and go back and read your post S-L-O-W-L-Y.

It clearly explains that the account is made up of receipts from basing the budget price of crude oil lower than what we eventually receive.

So if, as has been happening, we base the budget price of crude oil higher than what we actually get , what miracle do you want to use to get "EXCESS" crude oil proceeds?

If you are struggling with plain english why not just ask people to explain it to you nicely?

4 Likes 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by NewHe: 7:02pm On Apr 26, 2025

malali:
The latest ECA balance proves beyond debate: this administration is racing Nigeria to poverty at breakneck speed.
In 2021, our Excess Crude Account had $72.4 million.
In 2025, it’s now a pitiful $473,000 — almost completely wiped out.
Add the mountain of reckless borrowings and it’s clear: Nigeria is being hollowed out financially right before our eyes.

Do you read the content at, all? As March 2023, this administration is still in embryo!

3 Likes

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by VaginaAcademic: 7:03pm On Apr 26, 2025

Baba done cash out

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by coolhearted33: 7:03pm On Apr 26, 2025

One of these Agberos just says good news…what am i even expecting ?

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by ZombiePUNISHER: 7:04pm On Apr 26, 2025

PressMyButton:
So, TimeManager made a comment to debunk the obvious lies and the low understanding of this OP and the bot deleted it, wow!. seun una no try at all. The ECA balance was $473,754.57 as at March, 2023, how then can any sensible person attribute that to an Administration that came to power in May 23?. Is this not what we have been saying about wailers?, seun.

How can it be okay for the devil to cast out devil,

How can APc blame Apc

A useless party that shys away from it's responsibility

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by NewHe: 7:04pm On Apr 26, 2025

Give it to APC and Tinubu, transparency and accountability!

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by waternogatenemy: 7:06pm On Apr 26, 2025

This one is still small. Nigeria's stolen oil

The main activity is on the sea with oil tankers coming in to load without payment or registration.

All that happens in Nigeria is criminality.

1 Like

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by Eriokanmi: 7:07pm On Apr 26, 2025

Bobloco:
Where is the money we were told would be saved from subsidy removal?

Fake,fake,fake. Trust tinubu at your own risk. Come and ask us in lagos..tori full ground.

Where are the palliatives he promised in 2023? grin

. Woo, just commot eye. Those who entered his once chance in 2023 now know better

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by ChristineC: 7:10pm On Apr 26, 2025

please let them transfer my share of the balance to me, let's know what next cheesy

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by Nobody: 7:10pm On Apr 26, 2025

This news basically means:

Nigeria’s Excess Crude Account (ECA) now has only $473,754.57 in it as of April 2025.

The ECA was originally created to save extra oil money (when oil prices were higher than budgeted) and protect the country against oil price crashes or other economic shocks.

But now, the account has been almost emptied — from about $72.4 million in 2021 to just less than half a million dollars.

The ECA balance hasn’t changed for months, meaning no significant savings or additions are being made.

Other accounts like the Stabilisation Account (N63.53 billion) and the Natural Resources Development Account (N72.86 billion) still have money, but the ECA — which was supposed to be a major emergency reserve — is basically dry.

In short: Nigeria's financial cushion against oil price crashes is basically gone, which could make the country vulnerable if oil revenues drop or there’s another economic crisis.

Summary:
The ECA was supposed to protect Nigeria, but years of political withdrawals, falling oil revenues, high debt needs, and weak financial discipline drained it. Now, it’s almost empty at a time when the country could still face serious global economic risks.

2 Likes 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by bluefilm: 7:11pm On Apr 26, 2025*

This is nonsense

Na statistics we wan chop?

Abeg carry go, Mr. bụlaba

That very town hall different from balabluu, we shall surely reach

1 Like 1 Share

Re: Nigeria’s Excess Crude Account Balance Now Only $473,754 From $72 Million by malali(op): 7:11pm On Apr 26, 2025

Putindbutt:
Illiteracy dey worry you, was Tinubu in power on March 2023?. I dey ask again, who sent you people go school?.

Tinubu entered power March 2023. Today is April 2025------- We have 2 years of not paying oil and forex subsidy.
Oil and forex subsidy was $8.1 billion to $14.4 billion annually
Where is the money ?
Atleast Buhari paid and Nigerians enjoyed the benefit.
Tinubu is not paying subsidy. Federation account is empty. Nigerians are not enjoying any benefit.
Where is all the money going to ?

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