Finance minister Kemi Adeosun said on Thursday that Nigeria’s excess crude account stood at $2.310 billion as of Sept. 22, Reuters reports.
The figure, given by Adeosun according to a government statement, fell from $2.453 billion on the same date last year. The figure was slightly lower despite a recovery in production.
Militant attacks on oil facilities last year reduced Nigeria’s crude production by as much as a third. Output has largely recovered since then, with production now hovering around 1.8 billion barrels per day.