Despite economic challenges, Nigeria’s sovereign savings account shows modest growth under the Tinubu administration, alongside stronger stabilization funds.
Nigeria’s Excess Crude Account (ECA) has grown by 13% in two years, while the Stabilisation Account tripled during the same period, according to data presented by the Accountant-General of the Federation to the National Economic Council (NEC).
The ECA increased from $473,754 in June 2023 to $535,823 in October 2025, while the Stabilisation Account rose from ₦26.6 billion to ₦87.6 billion. The Development of Natural Resources Fund also surged by 46%.
The growth reflects efforts by the Tinubu administration to rebuild fiscal buffers and improve transparency in resource management.
Originally established in 2004 under President Olusegun Obasanjo, the ECA serves as a savings mechanism for oil revenue earned above benchmark prices. However, withdrawals over the years have drastically reduced its balance from over $20 billion in 2008.
NEC meetings during the review period also focused on economic reforms, crude oil theft reduction, food security, and energy diversification.
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