Excess Crude Account drops to $2.45bn as FG, states share N580bn

Sad much, as petroleum is now cheaper in almost all the countries including America while we suffer "subsidy reduction" 

The Excess Crude Account has been further depleted by about $650m from the $3.1bn in December to $2.45bn as of January 16, figures obtained from d Federation Account Allocation Committee has revealed. 
Minister of State for Finance, Amb. Bashir Yuguda, gave the figure in Abuja. 
The committee shared the sum of N580.37bn among the three tiers of government as allocation for the month of December.