The federal government has raised an alarm that the fall in oil prices is affecting the inflow of money into the excess crude account.
Coordinating Minister of the Economy, Ngozi OkonjoIweala, said this yesterday at the National Economic Council (NEC) meeting chaired by Vice President Mohammed Namadi Sambo.
OkonjoIweala, represented by the Minister of State for Finance, Ambassador Bashir Yuguda, said the federal government was trying hard to stabilise the nation's currency.
The Deputy Governor of Lagos State, Victoria Adejoke OrelopeAdefulire, who briefed State House journalists on the outcome of the NEC meeting, quoted Yuguda as telling the Council that the excess crude account stood at $4.1 billion.
Adefulire said the minister also told the Council that the AccountantGeneral would circulate details of the account to members.
In another development, the NEC received a presentation on Integrated Test Treat and Larval Source Management (ITTL) Project for Malaria Elimination in Nigeria from its adhoc committee mandated to develop the implementation strategy and plan with an accountability framework for the Integrated Test Treat and Larval Source Management.
The Council noted that Nigerians were in total support of eliminating malaria, promising to report to President Goodluck Jonathan the challenges of funding the ITTL by states.