2006Event
Excess Crude Account becomes a fiscal buffer
Nigeria used oil-price savings in the Excess Crude Account to smooth spending and support macroeconomic stability.
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2006
Excess Crude Account becomes a fiscal buffer
Nigeria used oil-price savings in the Excess Crude Account to smooth spending and support macroeconomic stability.
1000reasons.voteEditorial timeline entry
What happened
Nigeria used oil-price savings in the Excess Crude Account to smooth spending and support macroeconomic stability. The account also triggered federal-state disputes over ownership and withdrawals.
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