The Federal Government has drawn down the Excess Crude Account (ECA) to $376,655.09 from $35.377 million in May, this year.
This means that in one month the government withdrew $35,000,344.91from the ECA.
The ECA is supposed to be a savings buffer meant to steady the government’s revenue and serve as a bailout for the economy in dire times.
The information about the ECA’s draw-down is…