Nigeria’s Excess Crude Account rose 13 per cent in two years while the Stabilisation Account more than tripled, an analysis of presentations made by the Accountant-General of the Federation to the National Economic Council shows.
The review covers 15 NEC meetings between June 15, 2023, and October 23, 2025. The PUNCH observed that the ECA slowly rose from $473,754.57 at the council’s inaugural meeting under President Bola Tinubu to $535,823.39 at the latest session, an increase of $62,068.82.
Over the same period, the Stabilisation Account climbed from N26.63bn to N87.67bn, a gain of N61.03bn and about 229 per cent.
The Development of Natural Resources Fund grew from N96.90bn to N141.59bn, a 46 per cent increase.
A month-to-month analysis revealed that the Stabilisation Fund fell to N17.21bn in April 2024 before recovering through 2025; Natural Resources slid to N26.85bn by November 2024 and then rebuilt steadily to N125.82bn in September 2025 and N141.59bn in October.
The ECA, by contrast, was generally flat throughout the period and then picked up in the second half of 2025.
