Through visionary leadership, creativity and effective implementation of our ideas, we empower people, their transactions, systems and institutions against corruption.
Following last week’s meeting of the Federation Allocation Accounts Committee (FAAC), the Excess Crude Account (ECA) has increased by $1.34 billion.
This is as the Consumer Price Index (CPI) which measures inflation, in February moderated to 7.7 per cent year-on-year from 8.0 per cent the previous month.
According to the National Bureau of Statistics (NBS), the moderation in year-on-year rates in February was as a result of higher year-on-year changes exhibited in February 2013.
The federal ministry of finance made this known yesterday in a statement by the special adviser to Mrs Okonjo-Iweala, Paul Nwabuikwu.
According to him, this brings the total savings in the ECA to $3.45 billion. Before the latest development, there was $2.11 billion in the account.In percentage terms, this represents an increase of about 63.5 per cent. Read more
Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.
Integrity Nigeria (ABUJA)
Suite D9/D15, Rukayyat Plaza, Plot 93 Obafemi Awolowo Way Jabi, Abuja, Nigeria
Tel - +234 816 447 2520
Email - email@example.com
17A, House 2, Muyibat Oyefusi Crescent,
Off Akinola Adegunwa Street, Off Adeyemo Akapo Street,
Omole Phase I, Ikeja, Lagos.
Tel - +234 1 791 5712
No 13, Ahmed Daku Street, off Sokoto Road, Kano, Kano.
2012 Copyright Integrity Nigeria | Powered by j19Media