Nigeria’s Excess Crude Account (ECA) stood at $535,823.39 as of August 2025, the Accountant-General of the Federation, Shamsedeen Ogunjimi, disclosed on Thursday.
Ogunjimi, represented by Wale Edun, Minister of Finance and Coordinating Minister of the Economy, gave the update during the National Economic Council (NEC) meeting chaired by Vice-President Kashim Shettima.
The ECA, created in 2004 under President Olusegun Obasanjo as a financial buffer to save oil revenues above budget benchmarks, had a balance of $473,754.57 in April 2025.