Last week, governors claimed that about $2 billion was left in the Excess Crude Account (ECA) by the last administration. However, recent figures from the Office of the Accountant General of the Federation (AGoF) indicates it is actually between $1.6 and $1.7 billion. The newly appointed Accountant General of the Federation, Alhaji Ahmed Idris, revealed the figure.

The Accountant General of the Federation, Alhaji Ahmed Idris, and the Permanent Secretary, Mrs. Anastasia Daniel-Nwobia took their turn to brief President Muhammadu Buhari and to acquaint the President on what is happening in the agency.

Mrs. Anastasia Daniel-Nwobia said, “The general message is clear: Mr. President has given a directive which we all have to fall in line with: Prudent management of resources, identifying more alternative ways of getting revenue and to mange the meager resources we have found on ground very efficiently and effectively for the betterment of the economy.”

It was also noted that the $1.7 billion which would be distributed among the three tiers of government in line with the Presidential directive.