The Federal Government withdrew N1.99tn from the Excess Crude Account in the 2013 fiscal year, documents obtained from the Budget Office of the Federation have revealed.
The office, in its 2013 consolidated budget implementation report jointly signed by the Minister of Finance, Dr. Ngozi Okonjo-Iweala, and the Director-General, BoF, Dr. Bright Okogu, said the amount was used to settle various obligations of the Federal Government owing to its inability to meet its revenue targets
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Photo credit, The Guardian