Browsing: Excess Crude Amount

The Federal Government has withdrawn $1.68 billion from the Excess Crude Account in one month, leaving a balance of $631 million in the strategic Excess Crude Account as at December 19.

It further requested the executive to act in conformity with Sections 80 (1-4) and 162(1-3) of the 1999 Constitution (Amended) in its revenue receipt and expenditure.