Nigeria’s excess crude account stood at $324.54 million as of November 20, the accountant general said on Thursday.
Ahmed Idris gave the figure during a meeting of the country’s National Economic Council chaired by Vice President Yemi Osinbajo.
The oil savings account, which holds dollar reserves from sales of crude above the assumed benchmark price, contained $1.92 billion as of June 2018.
The council also resolved to invest $250 million in the country’s sovereign wealth fund and consider ways it can leverage a portion of the country’s pension assets for co-investment with the fund.
The attorney general also explained that Nigeria’s Stabilization Account balance as at 20th November, 2019 was N29, 480, 483, 393.33, and Natural Resources Development Fund Account balance as at 20th November, 2019 stood at N 79, 751, 649,521.54.
NEC is composed of the 36 State Governors, CBN Governor, the FCT Minister and other Federal Government representatives.
